According to Zacks, “AptarGroup projects first-quarter 2019 earnings per share between 95 cents and $1.00. The company expects its core sales to grow in each segment in the first quarter. The company is also poised to gain from business transformation in the Beauty + Home segment, product roll outs and focus on improving operations, going forward. Acquisitions are also likely to fuel growth. However, AptarGroup will bear the brunt of elevated raw-material costs and negative impact of foreign currency translation. Rising expenses may hurt margins in the near term.”
ATR has been the subject of a number of other research reports. Bank of America reissued an “underperform” rating and issued a $100.00 price target (up previously from $87.00) on shares of AptarGroup in a research note on Friday, April 5th. KeyCorp reissued a “hold” rating on shares of AptarGroup in a research note on Friday, February 22nd. William Blair reissued an “outperform” rating on shares of AptarGroup in a research note on Thursday, February 21st. Robert W. Baird raised shares of AptarGroup from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a research note on Wednesday, February 27th. Finally, UBS Group set a $106.00 price target on shares of AptarGroup and gave the stock a “hold” rating in a research note on Friday, January 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $105.78.
AptarGroup (NYSE:ATR) last released its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.07. AptarGroup had a net margin of 7.04% and a return on equity of 18.66%. The business had revenue of $685.03 million during the quarter, compared to analysts’ expectations of $668.21 million. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts anticipate that AptarGroup will post 4.24 earnings per share for the current year.
In other news, Director Stephen J. Hagge sold 3,634 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $101.28, for a total value of $368,051.52. Following the completion of the sale, the director now directly owns 70,671 shares in the company, valued at approximately $7,157,558.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of AptarGroup by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,529,612 shares of the industrial products company’s stock worth $520,170,000 after acquiring an additional 174,573 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of AptarGroup in the 4th quarter worth approximately $498,000. Brown Advisory Inc. bought a new stake in shares of AptarGroup in the 4th quarter worth approximately $588,000. Bahl & Gaynor Inc. lifted its holdings in shares of AptarGroup by 1.4% in the 4th quarter. Bahl & Gaynor Inc. now owns 25,575 shares of the industrial products company’s stock worth $2,406,000 after acquiring an additional 360 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of AptarGroup in the 3rd quarter worth approximately $1,201,000. Hedge funds and other institutional investors own 91.26% of the company’s stock.
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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