AptarGroup, Inc. (ATR) Director Stephen J. Hagge Sells 25,000 Shares of Stock
AptarGroup, Inc. (NYSE:ATR) Director Stephen J. Hagge sold 25,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $86.12, for a total value of $2,153,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of AptarGroup, Inc. (ATR) traded down $0.45 during trading on Friday, hitting $85.65. The stock had a trading volume of 170,988 shares, compared to its average volume of 231,744. AptarGroup, Inc. has a twelve month low of $71.44 and a twelve month high of $90.79. The firm has a market cap of $5,310.00, a price-to-earnings ratio of 25.94, a PEG ratio of 3.01 and a beta of 0.96. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96.
AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The business had revenue of $624.33 million for the quarter, compared to analyst estimates of $599.31 million. During the same quarter in the prior year, the company posted $0.82 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. research analysts expect that AptarGroup, Inc. will post 3.35 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, October 31st. AptarGroup’s dividend payout ratio (DPR) is presently 37.54%.
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Institutional investors have recently made changes to their positions in the company. Zions Bancorporation acquired a new position in shares of AptarGroup in the 3rd quarter valued at $187,000. Cigna Investments Inc. New acquired a new position in shares of AptarGroup in the 2nd quarter valued at $206,000. Stewart & Patten Co. LLC acquired a new position in shares of AptarGroup in the 2nd quarter valued at $208,000. Rehmann Capital Advisory Group acquired a new position in shares of AptarGroup in the 2nd quarter valued at $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of AptarGroup by 8.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 187 shares during the last quarter. 92.31% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the company. KeyCorp reissued a “hold” rating on shares of AptarGroup in a research note on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and set a $85.00 price objective on shares of AptarGroup in a research note on Thursday, October 12th. BidaskClub lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research raised AptarGroup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Vertical Research raised AptarGroup from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $70.00 to $77.00 in a research note on Monday, July 31st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. AptarGroup has an average rating of “Hold” and an average price target of $84.57.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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