AptarGroup, Inc. (NYSE:ATR - Get Free Report) insider Hedi Tlili sold 4,634 shares of the business's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $145.09, for a total transaction of $672,347.06. Following the completion of the sale, the insider now owns 9,379 shares of the company's stock, valued at approximately $1,360,799.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
AptarGroup Trading Up 0.7 %
Shares of AptarGroup stock opened at $145.34 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. AptarGroup, Inc. has a 12-month low of $111.63 and a 12-month high of $148.51. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 3.95 and a beta of 0.59. The firm's 50 day simple moving average is $141.35 and its two-hundred day simple moving average is $132.53.
AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.09. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The business had revenue of $838.48 million for the quarter, compared to analyst estimates of $842.50 million. During the same quarter in the prior year, the business posted $0.92 EPS. AptarGroup's revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts predict that AptarGroup, Inc. will post 5.3 EPS for the current year.
AptarGroup Dividend Announcement
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The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be paid a dividend of $0.41 per share. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.13%. AptarGroup's payout ratio is 35.19%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. William Blair upgraded shares of AptarGroup from a "market perform" rating to an "outperform" rating in a research note on Monday. Robert W. Baird boosted their price objective on shares of AptarGroup from $150.00 to $170.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of AptarGroup from $160.00 to $163.00 and gave the stock an "overweight" rating in a research note on Monday.
Get Our Latest Stock Analysis on AptarGroup
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in AptarGroup by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,146,231 shares of the industrial products company's stock valued at $893,565,000 after purchasing an additional 53,625 shares in the last quarter. Morgan Stanley boosted its holdings in shares of AptarGroup by 10.0% in the 3rd quarter. Morgan Stanley now owns 4,608,460 shares of the industrial products company's stock valued at $576,242,000 after acquiring an additional 420,457 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of AptarGroup by 1.5% in the 4th quarter. Boston Trust Walden Corp now owns 1,438,442 shares of the industrial products company's stock valued at $177,820,000 after acquiring an additional 21,545 shares during the last quarter. FMR LLC boosted its holdings in shares of AptarGroup by 19.7% in the 3rd quarter. FMR LLC now owns 1,371,141 shares of the industrial products company's stock valued at $171,447,000 after acquiring an additional 225,296 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of AptarGroup by 9.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,147,557 shares of the industrial products company's stock valued at $143,491,000 after acquiring an additional 101,279 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.
About AptarGroup
(
Get Free Report)
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.
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