FY2024 EPS Estimates for AptarGroup Lifted by Zacks Research

AptarGroup, Inc. (NYSE:ATR - Free Report) - Investment analysts at Zacks Research boosted their FY2024 earnings estimates for shares of AptarGroup in a research report issued to clients and investors on Thursday, November 7th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $5.37 per share for the year, up from their prior estimate of $5.32. The consensus estimate for AptarGroup's current full-year earnings is $5.39 per share. Zacks Research also issued estimates for AptarGroup's Q4 2024 earnings at $1.25 EPS, Q2 2025 earnings at $1.51 EPS, Q3 2025 earnings at $1.63 EPS, Q4 2025 earnings at $1.46 EPS, FY2025 earnings at $5.95 EPS, Q2 2026 earnings at $1.68 EPS, Q3 2026 earnings at $1.71 EPS and FY2026 earnings at $6.50 EPS.

ATR has been the topic of a number of other reports. Jefferies Financial Group upgraded shares of AptarGroup from a "hold" rating to a "buy" rating and raised their target price for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Robert W. Baird lifted their price target on AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Dbs Bank upgraded AptarGroup from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company raised 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. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $195.00.

AptarGroup Stock Up 0.2 %

Shares of ATR traded up $0.43 during midday trading on Monday, reaching $176.19. The stock had a trading volume of 58,106 shares, compared to its average volume of 291,939. The company's fifty day simple moving average is $161.02 and its two-hundred day simple moving average is $151.27. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 2.98 and a beta of 0.57. AptarGroup has a 1-year low of $122.29 and a 1-year high of $178.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, October 24th. AptarGroup's payout ratio is currently 36.14%.

AptarGroup declared that its Board of Directors has approved a stock buyback plan on Thursday, October 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Stephan B. Tanda sold 30,000 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $169.60, for a total transaction 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 legal filing with the SEC, which is available at this link. In other AptarGroup news, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Monnas Giovanna Kampouri sold 1,922 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total transaction of $277,594.46. Following the sale, the director now directly owns 8,839 shares in the company, valued at approximately $1,276,616.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,657 shares of company stock worth $7,562,862. 1.00% of the stock is owned by insiders.

Institutional Trading of AptarGroup

Hedge funds and other institutional investors have recently made changes to their positions in the business. Congress Asset Management Co. bought a new stake in AptarGroup in the third quarter valued at approximately $108,239,000. Mawer Investment Management Ltd. grew its holdings in shares of AptarGroup by 111.0% during the second quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company's stock worth $151,394,000 after purchasing an additional 565,511 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of AptarGroup by 29.4% during the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company's stock valued at $337,502,000 after acquiring an additional 479,193 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of AptarGroup by 182.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 538,830 shares of the industrial products company's stock valued at $86,315,000 after purchasing an additional 347,800 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in AptarGroup by 35.9% during the 2nd quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company's stock valued at $113,395,000 after purchasing an additional 212,886 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

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.