AptarGroup, Inc. (NYSE:ATR) Director Alain Chevassus sold 19,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $82.28, for a total transaction of $1,563,320.00. Following the completion of the sale, the director now directly owns 25,396 shares in the company, valued at $2,089,582.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
AptarGroup, Inc. (NYSE:ATR) traded up 0.08% on Friday, reaching $82.60. 93,435 shares of the company traded hands. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 24.95 and a beta of 0.97. AptarGroup, Inc. has a 52-week low of $70.32 and a 52-week high of $83.04. The firm has a 50 day moving average price of $78.23 and a 200 day moving average price of $75.19.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. AptarGroup had a return on equity of 16.27% and a net margin of 8.82%. The company had revenue of $601.30 million during the quarter, compared to analyst estimates of $591.69 million. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that AptarGroup, Inc. will post $3.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 3rd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.55%. AptarGroup’s dividend payout ratio (DPR) is presently 40.38%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Toronto Dominion Bank raised its position in shares of AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock worth $137,000 after buying an additional 30 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock worth $178,000 after buying an additional 335 shares during the period. Independent Portfolio Consultants Inc. raised its position in shares of AptarGroup by 11.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company’s stock worth $179,000 after buying an additional 240 shares during the period. Huntington National Bank raised its position in shares of AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company’s stock worth $202,000 after buying an additional 117 shares during the period. Finally, Thompson Investment Management Inc. acquired a new position in shares of AptarGroup during the first quarter worth approximately $204,000. Institutional investors own 89.61% of the company’s stock.
ATR has been the topic of several research analyst reports. Zacks Investment Research cut shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Thursday, January 12th. Jefferies Group LLC decreased their target price on shares of AptarGroup to $79.00 in a research report on Friday, January 20th. Vertical Research cut shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Finally, Vertical Group cut shares of AptarGroup from a “hold” rating to a “sell” rating and raised their target price for the stock from $68.00 to $70.00 in a research report on Tuesday, May 2nd. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. AptarGroup presently has a consensus rating of “Hold” and an average price target of $77.00.
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.