AptarGroup, Inc. (NYSE:ATR) Receives $189.50 Average PT from Analysts

AptarGroup, Inc. (NYSE:ATR) has earned an average recommendation of “Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $190.60.

A number of brokerages have recently issued reports on ATR. Wells Fargo & Company cut their price objective on AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Robert W. Baird increased their price target on shares of AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Raymond James initiated coverage on shares of AptarGroup in a research report on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 price objective for the company. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a report on Monday, January 6th.

Insider Buying and Selling

In related news, CEO Stephan B. Tanda sold 30,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $169.60, for a total transaction of $5,088,000.00. Following the sale, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $29,530,412.80. This represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kimberly Chainey sold 964 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $168.83, for a total value of $162,752.12. Following the transaction, the executive vice president now owns 7,848 shares in the company, valued at approximately $1,324,977.84. This trade represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new position in AptarGroup in the 3rd quarter valued at about $25,000. UMB Bank n.a. boosted its position in shares of AptarGroup by 446.5% during the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 192 shares in the last quarter. Huntington National Bank increased its stake in AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 259 shares during the last quarter. GAMMA Investing LLC raised its position in AptarGroup by 79.6% during the third quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 265 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in AptarGroup by 42.9% during the third quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 191 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

ATR opened at $153.67 on Monday. The business’s 50-day simple moving average is $165.98 and its 200 day simple moving average is $157.14. AptarGroup has a 52-week low of $124.94 and a 52-week high of $178.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62. The firm has a market capitalization of $10.23 billion, a PE ratio of 30.86, a PEG ratio of 2.97 and a beta of 0.59.

AptarGroup declared that its board has approved a stock buyback plan on Thursday, October 10th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.