AptarGroup, Inc. (NYSE:ATR) Director Ralf K. Wunderlich sold 2,559 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $82.81, for a total value of $211,910.79. Following the completion of the sale, the director now directly owns 36,024 shares in the company, valued at $2,983,147.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of AptarGroup, Inc. (NYSE:ATR) traded up 0.29% during mid-day trading on Friday, reaching $82.38. The company’s stock had a trading volume of 173,865 shares. The firm’s 50-day moving average price is $79.19 and its 200 day moving average price is $75.48. AptarGroup, Inc. has a 12-month low of $70.32 and a 12-month high of $83.04. The firm has a market cap of $5.14 billion, a P/E ratio of 24.88 and a beta of 0.97.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.02. The business had revenue of $601.30 million during the quarter, compared to analysts’ expectations of $591.69 million. AptarGroup had a return on equity of 16.27% and a net margin of 8.82%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, analysts expect 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. Investors of record on Wednesday, May 3rd will be issued a $0.32 dividend. The ex-dividend date is Monday, May 1st. This represents a $1.28 dividend on an annualized basis and a yield of 1.56%. AptarGroup’s payout ratio is 40.38%.
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ATR has been the topic of a number of research analyst reports. Jefferies Group LLC lowered their price target on AptarGroup from $79.00 to $77.00 and set a “hold” rating on the stock in a report on Sunday, February 12th. Vertical Group downgraded AptarGroup from a “hold” rating to a “sell” rating and upped their price target for the company from $68.00 to $70.00 in a report on Tuesday, May 2nd. Zacks Investment Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, April 17th. Finally, Vertical Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has a consensus rating of “Sell” and a consensus price target of $77.00.
A number of institutional investors have recently added to or reduced their stakes in ATR. Toronto Dominion Bank boosted its position in 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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 last quarter. Independent Portfolio Consultants Inc. boosted its position in 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 last quarter. Huntington National Bank boosted its position in 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 last quarter. Finally, Thompson Investment Management Inc. acquired a new position in AptarGroup during the first quarter worth $204,000. 89.61% of the stock is owned by institutional investors.
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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