William Blair Decreases Earnings Estimates for AptarGroup

AptarGroup, Inc. (NYSE:ATR - Free Report) - Investment analysts at William Blair cut their FY2024 earnings estimates for AptarGroup in a research report issued on Monday, October 28th. William Blair analyst M. Larew now expects that the industrial products company will post earnings per share of $5.36 for the year, down from their previous forecast of $5.41. The consensus estimate for AptarGroup's current full-year earnings is $5.36 per share. William Blair also issued estimates for AptarGroup's Q4 2024 earnings at $1.24 EPS, Q1 2025 earnings at $1.34 EPS and Q3 2025 earnings at $1.73 EPS.

A number of other equities analysts have also weighed in on ATR. Robert W. Baird boosted their price target on shares of AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday. Jefferies Financial Group upgraded shares of AptarGroup from a "hold" rating to a "buy" rating and boosted their price target for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Wells Fargo & Company boosted their price target 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. Finally, Dbs Bank upgraded shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $195.00.

AptarGroup Price Performance

ATR traded down $0.35 on Tuesday, reaching $168.75. 338,097 shares of the company's stock were exchanged, compared to its average volume of 293,133. The stock has a market cap of $11.18 billion, a PE ratio of 36.30, a P/E/G ratio of 3.29 and a beta of 0.58. AptarGroup has a twelve month low of $120.85 and a twelve month high of $171.41. The stock's fifty day moving average price is $157.38 and its 200-day moving average price is $149.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.95.

AptarGroup declared that its Board of Directors has initiated a stock repurchase plan on Thursday, October 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.80 annualized dividend and a yield of 1.07%. AptarGroup's payout ratio is 38.63%.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 30,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 174,118 shares in the company, valued at $29,530,412.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Stephan B. Tanda sold 30,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 174,118 shares of the company's stock, valued at approximately $29,530,412.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert Kuhn sold 200 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total transaction of $30,036.00. Following the completion of the sale, the chief financial officer now directly owns 65,552 shares in the company, valued at $9,844,599.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,457 shares of company stock worth $7,680,110 in the last ninety days. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On AptarGroup

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in 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 buying an additional 192 shares during the period. Blue Trust Inc. grew its holdings in AptarGroup by 281.0% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the industrial products company's stock worth $35,000 after acquiring an additional 177 shares in the last quarter. Gradient Investments LLC acquired a new position in AptarGroup during the 2nd quarter worth approximately $40,000. Versant Capital Management Inc grew its holdings in AptarGroup by 4,983.3% during the 2nd quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company's stock worth $43,000 after acquiring an additional 299 shares in the last quarter. Finally, Adirondack Trust Co. boosted its holdings in shares of AptarGroup by 25.0% in the 2nd quarter. Adirondack Trust Co. now owns 500 shares of the industrial products company's stock valued at $70,000 after buying an additional 100 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Company Profile

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.