AptarGroup (NYSE:ATR) Updates First Quarter 2022 Earnings Guidance
AptarGroup (NYSE:ATR – Get Rating) updated its earnings guidance for the first quarter of 2022 on Thursday. The company provided guidance for earnings per share of $0.920 to $1,000 for the period, compared consensus earnings per share of Thomson Reuters of $0.960. The company released a revenue forecast of -.
Several equity research analysts weighed in on the stock. Morgan Stanley lowered its target price on AptarGroup shares from $150.00 to $126.00 and set an equal weight rating for the company in a Thursday, January 20 research note. Zacks Investment Research moved shares of AptarGroup from a sell rating to a hold rating and set a price target of $129.00 for the company in a Monday, January 3, research note. Wells Fargo & Company lowered its price target on AptarGroup shares from $162.00 to $156.00 and set an overweight rating for the company in a Wednesday, Dec. 22 research note. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on AptarGroup shares from $148.00 to $145.00 and set a buy rating for the company in a Monday, Dec. 20 research note. Four analysts have rated the stock with a hold rating and three have assigned the stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $143.00.
Shares of AptarGroup rose $0.86 during Friday trading, hitting $120.19. 206,665 shares of the company were traded, against an average volume of 288,520. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 4.17 and a beta of 0.66. The company has a debt ratio of 0.46, a quick ratio of 0.93 and a current ratio of 1.38. AptarGroup has a 52-week low of $112.37 and a 52-week high of $158.97. The company has a 50-day simple moving average of $118.59 and a 200-day simple moving average of $123.38.
AptarGroup (NYSE:ATR – Get Rating) last announced its quarterly results on Wednesday, February 16. The industrial products company reported earnings per share of $0.93 for the quarter, beating consensus analyst estimates of $0.91 by $0.02. AptarGroup achieved a net margin of 7.56% and a return on equity of 13.35%. In the same quarter of the previous year, the company achieved EPS of $0.92. On average, equity analysts expect AptarGroup to post earnings per share of 4.12 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 23. Shareholders of record on Thursday, February 3 received a dividend of $0.38 per share. The ex-dividend date was Wednesday, February 2. This represents a dividend of $1.52 on an annualized basis and a dividend yield of 1.26%. AptarGroup’s dividend distribution rate is currently 42.22%.
In other news, Director Maritza Gomez Montiel sold 1,092 shares of AptarGroup in a trade that took place on Tuesday, February 22. The shares were sold at an average price of $117.81, for a total transaction of $128,648.52. The transaction was disclosed in a document filed with the SEC, accessible via this link. Insiders of the company own 1.20% of the shares of the company.
Several large investors have recently changed their portfolio of ATRs. BlackRock Inc. increased its stake in AptarGroup shares by 1.5% in the fourth quarter. BlackRock Inc. now owns 5,639,337 shares of the industrial products company worth $690,706,000 after purchasing an additional 81,472 shares in the last quarter. Morgan Stanley increased its stake in AptarGroup by 103.0% in the second quarter. Morgan Stanley now owns 152,124 shares of the industrial products company worth $21,426,000 after purchasing an additional 77,169 shares during the period. Goldman Sachs Group Inc. increased its stake in AptarGroup by 51.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 163,333 shares of the industrial products company worth $20,005,000 after purchasing an additional 55,290 shares during the period. LPL Financial LLC increased its stake in AptarGroup by 27.9% in the fourth quarter. LPL Financial LLC now owns 21,378 shares of the industrial products company worth $2,616,000 after purchasing an additional 4,659 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in AptarGroup by 1.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 251,272 shares of the industrial products company worth $30,776,000 after purchasing an additional 4,290 shares during the period. Institutional investors and hedge funds own 94.70% of the company’s shares.
About Aptar Group (Get an assessment)
AptarGroup, Inc. engages in the design, manufacture and sale of drug delivery and consumer product dispensing, sealing and active packaging solutions and services for prescription drugs, healthcare consumer healthcare, injectables, active packaging, beauty, personal care, home care, and food and beverage. It operates through the following business segments: Beauty & Home, Pharmaceuticals and Food & Beverages.
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