AptarGroup, Inc. (NYSE:ATR) – Equities researchers at Jefferies Financial Group cut their Q2 2019 earnings estimates for AptarGroup in a report released on Monday, May 6th, according to Zacks Investment Research. Jefferies Financial Group analyst D. Rizzo now expects that the industrial products company will earn $1.14 per share for the quarter, down from their previous forecast of $1.17. Jefferies Financial Group also issued estimates for AptarGroup’s Q4 2019 earnings at $1.30 EPS.
Several other analysts also recently commented on ATR. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Deutsche Bank restated a “buy” rating and set a $124.00 price objective on shares of AptarGroup in a research report on Thursday, May 2nd. Bank of America restated an “underperform” rating and set a $100.00 price objective (up from $87.00) on shares of AptarGroup in a research report on Friday, April 5th. KeyCorp restated a “hold” rating on shares of AptarGroup in a research report on Friday, February 22nd. Finally, William Blair reiterated an “outperform” rating on shares of AptarGroup in a report on Thursday, February 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. AptarGroup presently has a consensus rating of “Hold” and an average target price of $107.75.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.09. The business had revenue of $744.46 million for the quarter, compared to analysts’ expectations of $743.68 million. AptarGroup had a net margin of 7.07% and a return on equity of 18.90%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS.
Institutional investors have recently bought and sold shares of the company. Ffcm LLC bought a new stake in shares of AptarGroup in the 4th quarter worth about $25,000. Pearl River Capital LLC bought a new stake in shares of AptarGroup in the 4th quarter worth about $26,000. Quantamental Technologies LLC bought a new stake in shares of AptarGroup in the 4th quarter worth about $37,000. Premia Global Advisors LLC bought a new stake in shares of AptarGroup in the 1st quarter worth about $46,000. Finally, Cresset Asset Management LLC bought a new stake in shares of AptarGroup in the 1st quarter worth about $51,000. Hedge funds and other institutional investors own 89.74% of the company’s stock.
In other news, insider Eldon W. Schaffer II sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $113.80, for a total value of $2,276,000.00. Following the sale, the insider now directly owns 65,115 shares in the company, valued at approximately $7,410,087. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Kuhn sold 5,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $113.35, for a total transaction of $566,750.00. Following the completion of the sale, the chief financial officer now owns 62,871 shares in the company, valued at $7,126,427.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,634 shares of company stock worth $3,210,802. 3.00% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st were issued a $0.36 dividend. This is an increase from AptarGroup’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Tuesday, April 30th. AptarGroup’s payout ratio is currently 36.00%.
AptarGroup Company Profile
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.
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