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

AptarGroup, Inc. (NYSE:ATR) 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 value of $476,544.00. Following the completion of the transaction, the insider now owns 16,616 shares in the company, valued at approximately $2,474,454.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

AptarGroup Trading Up 0.7 %

NYSE ATR opened at $150.79 on Thursday. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 3.93 and a beta of 0.57. AptarGroup, Inc. has a twelve month low of $111.63 and a twelve month high of $150.87. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average is $142.09 and its 200 day moving average is $133.32.

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

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Wednesday, April 24th. AptarGroup’s payout ratio is 35.19%.

Hedge Funds Weigh In On AptarGroup

Large investors have recently modified their holdings of the business. Rise Advisors LLC bought a new stake in shares of AptarGroup in the first quarter worth $25,000. Global Retirement Partners LLC grew its position in shares of AptarGroup by 8,850.0% in the 1st 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. increased its stake in shares of AptarGroup by 1,063.3% in 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 period. Mather Group LLC. bought a new position in shares of AptarGroup during the first quarter worth about $52,000. Finally, Riverview Trust Co acquired a new position in shares of AptarGroup in the first quarter worth approximately $54,000. Institutional investors own 88.52% of the company’s stock.

Wall Street Analyst Weigh In

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

About AptarGroup

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.