AptarGroup (NYSE:ATR) Stock Rating Lowered by Bank of America

by · The Cerbat Gem

AptarGroup (NYSE:ATR – Get Free Report) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, MarketBeat.com reports. They presently have a $173.00 price objective on the industrial products company’s stock. Bank of America‘s price target suggests a potential upside of 12.96% from the company’s previous close.

Other analysts have also issued research reports about the stock. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and boosted their price target for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Wells Fargo & Company boosted their target price on shares of AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Robert W. Baird lifted their price target on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AptarGroup currently has an average rating of “Buy” and a consensus price target of $190.60.

Get Our Latest Analysis on ATR

AptarGroup Stock Up 0.2 %

Shares of NYSE:ATR opened at $153.15 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62. AptarGroup has a 52-week low of $122.37 and a 52-week high of $178.03. The business’s 50 day simple moving average is $167.20 and its two-hundred day simple moving average is $156.91. The firm has a market cap of $10.19 billion, a P/E ratio of 30.75, a PEG ratio of 2.97 and a beta of 0.59.

AptarGroup declared that its Board of Directors has authorized a share repurchase program 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 reacquire up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the business’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 of the company’s stock, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephan B. Tanda sold 30,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $169.60, for a total value of $5,088,000.00. Following the completion of the transaction, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $29,530,412.80. This trade represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Trading of AptarGroup

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

AptarGroup Company Profile

(Get Free Report)

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.

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