Zacks Research Predicts Stronger Earnings for AptarGroup

AptarGroup, Inc. (NYSE:ATR) – Stock analysts at Zacks Research increased their FY2024 EPS estimates for 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 earn $5.37 per share for the year, up from their previous forecast of $5.32. The consensus estimate for AptarGroup’s current full-year earnings is $5.38 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 research analysts have also recently commented on ATR. Wells Fargo & Company increased their target price on shares of AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Robert W. Baird increased their price objective on shares of AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group raised shares of AptarGroup from a “hold” rating to a “buy” rating and raised their price target for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $195.00.

AptarGroup Stock Up 0.2 %

Shares of ATR stock opened at $176.09 on Monday. AptarGroup has a 12-month low of $122.29 and a 12-month high of $178.03. The firm has a fifty day moving average of $161.02 and a 200-day moving average of $151.27. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 3.02 and a beta of 0.57. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32.

AptarGroup Dividend Announcement

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. This represents a $1.80 annualized dividend and a yield of 1.02%. The ex-dividend date is Thursday, October 24th. AptarGroup’s dividend payout ratio is currently 36.14%.

AptarGroup declared that its board has initiated a share buyback program on Thursday, October 10th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 4.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 30,000 shares of the firm’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 of the company’s stock, valued at $29,530,412.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Xiangwei Gong sold 7,200 shares of AptarGroup stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $146.52, for a total transaction of $1,054,944.00. Following the sale, the insider now directly owns 12,974 shares in the company, valued at $1,900,950.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 owns 174,118 shares in the company, valued at approximately $29,530,412.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,735 shares of company stock valued at $7,285,268 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of AptarGroup by 29.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after purchasing an additional 479,193 shares during the period. Mawer Investment Management Ltd. increased its stake in AptarGroup by 7.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock valued at $185,516,000 after purchasing an additional 82,934 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in AptarGroup by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 953,950 shares of the industrial products company’s stock valued at $152,813,000 after purchasing an additional 17,975 shares in the last quarter. American Century Companies Inc. increased 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in AptarGroup by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,617 shares of the industrial products company’s stock worth $100,917,000 after acquiring an additional 64,288 shares during the last quarter. Institutional investors and hedge funds 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.