AptarGroup, Inc. (ATR) Director Sells $2,623,000.00 in Stock

AptarGroup, Inc. (NYSE:ATR) Director Stephen J. Hagge sold 25,000 shares of AptarGroup stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $104.92, for a total value of $2,623,000.00. Following the sale, the director now directly owns 110,105 shares in the company, valued at $11,552,216.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of ATR traded down $0.84 during mid-day trading on Friday, reaching $104.29. The company had a trading volume of 227,081 shares, compared to its average volume of 301,482. The company has a quick ratio of 1.33, a current ratio of 1.87 and a debt-to-equity ratio of 0.81. AptarGroup, Inc. has a 52 week low of $79.97 and a 52 week high of $112.31. The stock has a market cap of $6.54 billion, a P/E ratio of 30.32, a P/E/G ratio of 3.12 and a beta of 0.79.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. AptarGroup had a return on equity of 18.42% and a net margin of 7.52%. The firm had revenue of $665.78 million for the quarter, compared to analysts’ expectations of $673.54 million. During the same period in the previous year, the firm posted $0.83 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts anticipate that AptarGroup, Inc. will post 3.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st will be given a $0.34 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.30%. AptarGroup’s dividend payout ratio is currently 39.53%.

Several research firms have weighed in on ATR. Zacks Investment Research raised AptarGroup from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Monday, October 1st. BMO Capital Markets lifted their price objective on AptarGroup from $92.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, July 30th. Deutsche Bank set a $115.00 price objective on AptarGroup and gave the company a “buy” rating in a research report on Monday, July 30th. ValuEngine raised AptarGroup from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. Finally, Vertical Research cut AptarGroup from a “hold” rating to a “sell” rating and set a $86.00 price objective on the stock. in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. AptarGroup has an average rating of “Hold” and an average target price of $105.13.

Several institutional investors and hedge funds have recently modified their holdings of ATR. FMR LLC boosted its position in shares of AptarGroup by 50.8% in the 3rd quarter. FMR LLC now owns 1,040,954 shares of the industrial products company’s stock worth $112,154,000 after purchasing an additional 350,558 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of AptarGroup by 527.4% in the 3rd quarter. Bessemer Group Inc. now owns 397,989 shares of the industrial products company’s stock worth $42,880,000 after purchasing an additional 334,554 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of AptarGroup by 17.3% in the 2nd quarter. Victory Capital Management Inc. now owns 2,256,665 shares of the industrial products company’s stock worth $210,727,000 after purchasing an additional 333,376 shares in the last quarter. Bank of New York Mellon Corp lifted its position in AptarGroup by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 957,820 shares of the industrial products company’s stock valued at $89,442,000 after acquiring an additional 182,471 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in AptarGroup by 6.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,763,570 shares of the industrial products company’s stock valued at $297,747,000 after acquiring an additional 174,391 shares in the last quarter. 90.18% of the stock is currently owned by hedge funds and other institutional investors.

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AptarGroup Company Profile

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage.

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Insider Buying and Selling by Quarter for AptarGroup (NYSE:ATR)

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