AptarGroup, Inc. (NYSE:ATR - Get Free Report) insider Marc Prieur sold 3,200 shares of AptarGroup stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $148.92, for a total transaction of $476,544.00. Following the completion of the sale, the insider now owns 16,616 shares in the company, valued at approximately $2,474,454.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
AptarGroup Stock Up 0.5 %
NYSE:ATR opened at $149.77 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89. The firm's 50-day moving average price is $141.88 and its 200-day moving average price is $133.20. The company has a market capitalization of $9.92 billion, a PE ratio of 32.14, a P/E/G ratio of 3.93 and a beta of 0.57. AptarGroup, Inc. has a 1-year low of $111.63 and a 1-year high of $150.38.
AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, topping 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 analysts' expectations of $842.50 million. During the same quarter in the prior year, the company earned $0.92 earnings per share. The business's revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that AptarGroup, Inc. will post 5.34 EPS for the current fiscal year.
AptarGroup Announces Dividend
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The business also recently disclosed 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. This represents a $1.64 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, April 24th. AptarGroup's dividend payout ratio (DPR) is presently 35.19%.
Institutional Investors Weigh In On AptarGroup
Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of AptarGroup during the fourth quarter valued at $89,855,000. Morgan Stanley increased its stake in AptarGroup by 10.0% during the 3rd quarter. Morgan Stanley now owns 4,608,460 shares of the industrial products company's stock valued at $576,242,000 after purchasing an additional 420,457 shares in the last quarter. Acadian Asset Management LLC raised its holdings in AptarGroup by 43.8% in the third quarter. Acadian Asset Management LLC now owns 744,836 shares of the industrial products company's stock worth $93,111,000 after buying an additional 226,818 shares during the last quarter. FMR LLC raised its holdings in AptarGroup by 19.7% in the third quarter. FMR LLC now owns 1,371,141 shares of the industrial products company's stock worth $171,447,000 after buying an additional 225,296 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of AptarGroup by 93.1% in the fourth quarter. Schroder Investment Management Group now owns 295,820 shares of the industrial products company's stock worth $36,569,000 after buying an additional 142,623 shares in the last quarter. 88.52% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of AptarGroup from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Monday, April 29th. Wells Fargo & Company raised their price objective on shares of AptarGroup from $160.00 to $163.00 and gave the stock an "overweight" rating in a report on Monday, April 29th. Finally, William Blair raised AptarGroup from a "market perform" rating to an "outperform" rating in a research report on Monday, April 29th.
Read Our Latest Stock Analysis on ATR
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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