AptarGroup Inc. (ATR) Sets New 52-Week High at $80.47
AptarGroup Inc. (NYSE:ATR) shares hit a new 52-week high during trading on Monday . The company traded as high as $80.47 and last traded at $80.32, with a volume of 39,688 shares traded. The stock had previously closed at $79.79.
Separately, Deutsche Bank AG restated a “buy” rating on shares of AptarGroup in a research note on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $75.00.
The stock has a 50-day moving average of $77.59 and a 200-day moving average of $75.55. The firm has a market capitalization of $5.08 billion and a P/E ratio of 26.29.
AptarGroup (NYSE:ATR) last posted its earnings results on Friday, April 29th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.01. During the same period in the previous year, the business earned $0.70 EPS. The company earned $582.40 million during the quarter, compared to analyst estimates of $586.72 million. AptarGroup’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities analysts expect that AptarGroup Inc. will post $3.24 EPS for the current year.
In related news, CEO Stephen J. Hagge sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $76.59, for a total transaction of $1,914,750.00. Following the completion of the transaction, the chief executive officer now owns 96,159 shares in the company, valued at approximately $7,364,817.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Other large investors have added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in AptarGroup by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 201,833 shares of the company’s stock worth $14,664,000 after buying an additional 4,794 shares in the last quarter. BHF Kleinwort Benson Group S.A. boosted its stake in AptarGroup by 65.0% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 14,579 shares of the company’s stock worth $1,059,000 after buying an additional 5,741 shares in the last quarter. Twin Capital Management Inc. boosted its stake in AptarGroup by 28.5% in the fourth quarter. Twin Capital Management Inc. now owns 28,410 shares of the company’s stock worth $2,064,000 after buying an additional 6,300 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in AptarGroup by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 40,473 shares of the company’s stock worth $2,940,000 after buying an additional 13,727 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in AptarGroup by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 4,760,566 shares of the company’s stock worth $345,854,000 after buying an additional 99,431 shares in the last quarter.
AptarGroup, Inc is a solution provider of a range of packaging delivery solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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