Wells Fargo & Company Increases AptarGroup (NYSE:ATR) Price Target to $163.00

AptarGroup (NYSE:ATR) had its price objective lifted by equities researchers at Wells Fargo & Company from $160.00 to $163.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 12.92% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. William Blair raised shares of AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday. Robert W. Baird increased their target price on AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday.

AptarGroup Trading Down 1.4 %

NYSE ATR opened at $144.35 on Monday. The stock has a 50-day moving average of $141.24 and a 200-day moving average of $132.44. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. AptarGroup has a 1-year low of $111.63 and a 1-year high of $148.51. The firm has a market cap of $9.55 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 3.93 and a beta of 0.59.

AptarGroup (NYSE:ATR) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $838.48 million for the quarter, compared to the consensus estimate of $842.50 million. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. As a group, sell-side analysts forecast that AptarGroup will post 5.21 EPS for the current year.

Insider Buying and Selling

In related news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other AptarGroup news, insider Gael Touya sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $142.84, for a total transaction of $499,940.00. Following the completion of the transaction, the insider now owns 33,426 shares in the company, valued at approximately $4,774,569.84. 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 32,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,500 shares of company stock valued at $5,318,280. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rise Advisors LLC purchased a new position in AptarGroup during the first quarter worth $25,000. Global Retirement Partners LLC raised its holdings in shares of AptarGroup by 8,850.0% in the first quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 177 shares in the last quarter. C M Bidwell & Associates Ltd. increased its holdings in AptarGroup by 1,063.3% during the third quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock valued at $44,000 after buying an additional 319 shares during the period. Adirondack Trust Co. bought a new position in AptarGroup in the third quarter worth about $50,000. Finally, Mather Group LLC. purchased a new stake in AptarGroup during the first quarter valued at approximately $52,000. Institutional investors own 88.52% of the company’s stock.

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.