AptarGroup, Inc. (NYSE:ATR) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $81.40.

ATR has been the topic of several recent research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price target (up from $87.00) on shares of AptarGroup in a research note on Tuesday, July 18th. BidaskClub cut AptarGroup from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $79.00 price target on shares of AptarGroup in a research note on Sunday, July 2nd. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research note on Friday, June 23rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $78.00 price target on shares of AptarGroup in a research note on Thursday, August 31st.

In related news, insider Gael Touya sold 35,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $81.25, for a total transaction of $2,843,750.00. Following the completion of the sale, the insider now owns 33,092 shares in the company, valued at $2,688,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total value of $164,260.00. Following the sale, the director now owns 6,469 shares of the company’s stock, valued at approximately $531,298.97. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in ATR. Janney Montgomery Scott LLC grew its position in shares of AptarGroup by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 3,027 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 147 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of AptarGroup by 3.6% during the first quarter. Great West Life Assurance Co. Can now owns 36,490 shares of the industrial products company’s stock worth $2,806,000 after purchasing an additional 1,254 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of AptarGroup by 4.6% during the first quarter. Bank of New York Mellon Corp now owns 775,784 shares of the industrial products company’s stock worth $59,728,000 after purchasing an additional 34,408 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of AptarGroup by 16.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 335 shares in the last quarter. Finally, World Asset Management Inc grew its position in shares of AptarGroup by 3.8% during the first quarter. World Asset Management Inc now owns 4,354 shares of the industrial products company’s stock worth $335,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

AptarGroup (ATR) opened at 85.72 on Friday. The company has a 50 day moving average price of $83.04 and a 200-day moving average price of $82.51. The company has a market capitalization of $5.38 billion, a PE ratio of 25.21 and a beta of 0.96. AptarGroup has a one year low of $70.32 and a one year high of $90.79.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The company had revenue of $617.75 million for the quarter, compared to analysts’ expectations of $624.74 million. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 earnings per share. Analysts expect that AptarGroup will post $3.34 EPS for the current fiscal year.

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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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