AptarGroup, Inc. (NYSE:ATR) Insider Marc Prieur Sells 3,200 Shares

AptarGroup, Inc. (NYSE:ATR) insider Marc Prieur sold 3,200 shares of AptarGroup stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the completion of the sale, the insider now owns 16,616 shares of the company’s stock, valued at $2,474,454.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

AptarGroup Stock Up 0.5 %

AptarGroup stock traded up $0.73 during mid-day trading on Tuesday, reaching $149.77. The stock had a trading volume of 392,905 shares, compared to its average volume of 327,985. The firm has a market capitalization of $9.92 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 3.93 and a beta of 0.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30. AptarGroup, Inc. has a fifty-two week low of $111.63 and a fifty-two week high of $150.38. The stock’s 50-day simple moving average is $141.69 and its 200-day simple moving average is $133.01.

AptarGroup (NYSE:ATR) last announced its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $838.48 million for the quarter, compared to analysts’ expectations of $842.50 million. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. AptarGroup’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. On average, sell-side analysts forecast that AptarGroup, Inc. will post 5.34 EPS for the current fiscal year.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.64 annualized dividend and a dividend yield of 1.10%. AptarGroup’s payout ratio is 35.19%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Rise Advisors LLC purchased a new position in shares of AptarGroup during the first quarter valued at approximately $25,000. Global Retirement Partners LLC boosted its position in shares of AptarGroup by 8,850.0% during the first quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock valued at $26,000 after buying an additional 177 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its position in shares of AptarGroup by 1,063.3% during the third quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock valued at $44,000 after buying an additional 319 shares during the last quarter. Adirondack Trust Co. purchased a new position in AptarGroup in the third quarter worth $50,000. Finally, Mather Group LLC. bought a new position in AptarGroup in the 1st quarter valued at $52,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ATR. William Blair raised AptarGroup from a “market perform” rating to an “outperform” rating in a research note on Monday, April 29th. Wells Fargo & Company raised their price objective on AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Finally, Robert W. Baird raised their price objective on AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, April 29th.

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.