AptarGroup Appoints Stephan B. Tanda as Its President and CEO

AptarGroup (ATR) rose 3.4% to close at $76.07 per share during the fourth week of November 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 3.4%, 0.18%, and 6.4%, respectively, on November 25, 2016.

ATR is trading 3.8% above its 20-day moving average, 0.97% above its 50-day moving average, and 0.30% below its 200-day moving average.

The Vanguard S&P Mid-Cap 400 Value ETF (IVOV) invests 0.27% of its holdings in AptarGroup. The YTD price movement of IVOV was 24.4% on November 25.

The market caps of AptarGroup’s competitors are as follows:

• Sealed Air (SEE) — $9.2 billion
• Berry Plastics Group (BERY) — $5.6 billion
• Bemis Company (BMS) — $4.7 billion

Stephan B. Tanda has been appointed as AptarGroup’s president and CEO. He’ll join the company on February 1, 2017. Tanda has also become a member of the company’s board of directors.

AptarGroup reported 3Q16 net sales of $589.7 million, a rise of 0.58% compared to its net sales of $586.3 million in 3Q15. The company’s operating income narrowed 100 basis points in 3Q16 compared to 3Q15.

ATR’s net income and EPS (earnings per share) fell to $53.1 million and $0.82, respectively, in 3Q16, compared to $53.2 million and $0.83, respectively, in 3Q15. It reported adjusted EPS of $0.82 in both 3Q16 and 3Q15.

AptarGroup’s cash and cash equivalents fell 11.7%, and its inventories rose 9.2% between 4Q15 and 3Q16.

The company expects EPS in the range of $0.63–$0.68 for fiscal 4Q16, excluding the impact of the timing of costs incurred and any insurance-related reimbursements from the fire in its facility in Annecy, France.

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