AptarGroup, Inc. (ATR) to Issue $0.32 Quarterly Dividend
AptarGroup, Inc. (NYSE:ATR) declared a quarterly dividend on Thursday, April 20th. Stockholders of record on Wednesday, May 3rd will be paid a dividend of 0.32 per share by the industrial products company on Wednesday, May 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.64%.
AptarGroup has raised its dividend by an average of 6.9% annually over the last three years and has raised its dividend every year for the last 4 years. AptarGroup has a payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AptarGroup to earn $3.62 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 35.4%.
Shares of AptarGroup (NYSE:ATR) traded up 0.35% on Thursday, hitting $77.82. 354,339 shares of the stock traded hands. The firm’s 50 day moving average is $76.63 and its 200-day moving average is $74.75. AptarGroup has a 12 month low of $70.32 and a 12 month high of $81.50. The company has a market cap of $4.85 billion, a PE ratio of 24.55 and a beta of 0.97.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, February 9th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. AptarGroup had a return on equity of 16.27% and a net margin of 8.82%. The firm had revenue of $539 million for the quarter, compared to analyst estimates of $560.12 million. During the same period last year, the company earned $0.67 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Equities analysts predict that AptarGroup will post $3.30 earnings per share for the current year.
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In related news, Director Peter Pfeiffer sold 143,000 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $73.20, for a total transaction of $10,467,600.00. Following the sale, the director now directly owns 1,015,402 shares in the company, valued at approximately $74,327,426.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director King W. Harris sold 13,400 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $74.51, for a total value of $998,434.00. Following the sale, the director now owns 182,109 shares in the company, valued at $13,568,941.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,490 shares of company stock worth $13,306,297. Company insiders own 5.50% of the company’s stock.
A number of equities analysts have recently commented on the company. Jefferies Group LLC cut their price objective on AptarGroup to $79.00 in a report on Friday, January 20th. Zacks Investment Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.50.
AptarGroup Company Profile
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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