Zacks Research Expects Stronger Earnings for AptarGroup

AptarGroup, Inc. (NYSE:ATR) – Equities researchers at Zacks Research upped their FY2024 earnings per share estimates for shares of AptarGroup in a research report issued to clients and investors on Thursday, November 7th. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings per share of $5.37 for the year, up from their previous 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.

Several other equities research analysts have also recently commented on the company. Robert W. Baird lifted their target price on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and lifted their target price for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Wells Fargo & Company lifted their price objective on AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $195.00.

AptarGroup Stock Up 0.6 %

NYSE ATR opened at $175.76 on Monday. The stock has a fifty day moving average of $161.02 and a 200-day moving average of $151.19. The stock has a market capitalization of $11.70 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 2.98 and a beta of 0.57. AptarGroup has a 52 week low of $122.29 and a 52 week high of $177.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62.

Institutional Trading of AptarGroup

Institutional investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its holdings in shares of AptarGroup by 9.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 17,607 shares of the industrial products company’s stock valued at $2,532,000 after purchasing an additional 1,583 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of AptarGroup by 167.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,690 shares of the industrial products company’s stock valued at $957,000 after purchasing an additional 4,186 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in shares of AptarGroup by 90.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 19,023 shares of the industrial products company’s stock valued at $2,737,000 after purchasing an additional 9,021 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of AptarGroup in the second quarter valued at about $2,735,000. Finally, American Century Companies Inc. lifted its holdings in shares of AptarGroup by 35.9% in the second 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 in the last quarter. 88.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other AptarGroup news, CFO Robert Kuhn sold 200 shares of AptarGroup stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $150.18, for a total transaction of $30,036.00. Following the transaction, the chief financial officer now directly owns 65,552 shares in the company, valued at approximately $9,844,599.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other AptarGroup news, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup stock in a transaction dated 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 transaction, the chief executive officer now directly owns 174,118 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, CFO Robert Kuhn sold 200 shares of AptarGroup stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $150.18, for a total value of $30,036.00. Following the transaction, the chief financial officer now owns 65,552 shares in the company, valued at approximately $9,844,599.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,657 shares of company stock valued at $7,562,862 over the last three months. Company insiders own 1.00% of the company’s stock.

AptarGroup announced that its board has initiated a stock repurchase program on Thursday, October 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.02%. AptarGroup’s dividend payout ratio (DPR) is presently 36.14%.

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.