AptarGroup, Inc. (NYSE:ATR) insider Gael Touya sold 35,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.25, for a total value of $2,843,750.00. Following the completion of the sale, the insider now directly owns 33,092 shares in the company, valued at approximately $2,688,725. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of AptarGroup, Inc. (NYSE:ATR) traded up 0.02% during trading on Friday, reaching $82.15. The company had a trading volume of 190,983 shares. The stock has a market capitalization of $5.15 billion, a PE ratio of 24.16 and a beta of 0.96. AptarGroup, Inc. has a 12 month low of $70.32 and a 12 month high of $90.79. The stock’s 50-day moving average price is $85.74 and its 200-day moving average price is $81.00.
AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The firm had revenue of $617.75 million for the quarter, compared to analyst estimates of $624.74 million. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue was down .4% compared to the same quarter last year. Equities analysts forecast that AptarGroup, Inc. will post $3.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Wednesday, July 26th were given a dividend of $0.32 per share. The ex-dividend date was Monday, July 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.56%. AptarGroup’s payout ratio is presently 37.54%.
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Hedge funds have recently modified their holdings of the company. Toronto Dominion Bank increased its stake 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 increased its stake 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. increased its stake 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 increased its stake 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. purchased a new stake in shares of AptarGroup during the first quarter worth $204,000. 90.49% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the company. BidaskClub downgraded AptarGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Vertical Research upgraded AptarGroup from a “sell” rating to a “hold” rating and lifted their target price for the company from $70.00 to $77.00 in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $78.00 target price (down from $81.00) on shares of AptarGroup in a research note on Monday, July 31st. BMO Capital Markets reiterated a “hold” rating and issued a $92.00 target price on shares of AptarGroup in a research note on Thursday, July 20th. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.83.
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.
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