AptarGroup, Inc. (NYSE:ATR) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other research firms also recently commented on ATR. BMO Capital Markets restated a “hold” rating and set a $79.00 price objective on shares of AptarGroup in a report on Sunday, July 2nd. KeyCorp restated a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Jefferies Group LLC restated a “hold” rating and set a $78.00 price objective (down previously from $81.00) on shares of AptarGroup in a report on Monday, July 31st. Vertical Research upgraded AptarGroup from a “sell” rating to a “hold” rating and boosted their price objective for the company from $70.00 to $77.00 in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, April 17th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $81.83.

AptarGroup (NYSE ATR) remained flat at $82.48 during trading on Thursday. The company had a trading volume of 10,027 shares. The company has a market cap of $5.17 billion, a PE ratio of 24.26 and a beta of 0.96. AptarGroup has a 52-week low of $70.32 and a 52-week high of $90.79. The company’s 50 day moving average is $86.61 and its 200-day moving average is $80.59.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The firm had revenue of $617.75 million during the quarter, compared to the consensus estimate of $624.74 million. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. On average, equities analysts anticipate that AptarGroup will post $3.34 earnings per share for the current fiscal year.

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In related news, Director King W. Harris sold 14,000 shares of AptarGroup stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $85.43, for a total transaction of $1,196,020.00. Following the transaction, the director now owns 189,974 shares of the company’s stock, valued at $16,229,478.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gael Touya sold 35,000 shares of AptarGroup stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.25, for a total value of $2,843,750.00. Following the transaction, the insider now directly owns 33,092 shares in the company, valued at approximately $2,688,725. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,226 shares of company stock worth $11,874,458. 5.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of AptarGroup by 57.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 652,706 shares of the industrial products company’s stock valued at $56,694,000 after buying an additional 238,583 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of AptarGroup by 4.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 652,414 shares of the industrial products company’s stock valued at $56,670,000 after buying an additional 26,715 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of AptarGroup by 1.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,903 shares of the industrial products company’s stock valued at $863,000 after buying an additional 162 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of AptarGroup by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 2,707,778 shares of the industrial products company’s stock valued at $235,197,000 after buying an additional 23,666 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of AptarGroup by 1.0% in the second quarter. Swiss National Bank now owns 104,400 shares of the industrial products company’s stock valued at $9,068,000 after buying an additional 1,000 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

AptarGroup Company Profile

AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.

Analyst Recommendations for AptarGroup (NYSE:ATR)

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