AptarGroup, Inc. (NYSE:ATR) to Issue Quarterly Dividend of $0.41

AptarGroup, Inc. (NYSE:ATR) declared a quarterly dividend on Thursday, April 11th, RTT News reports. Shareholders of record on Thursday, April 25th will be given a dividend of 0.41 per share by the industrial products company on Thursday, May 16th. This represents a $1.64 dividend on an annualized basis and a yield of 1.19%.

AptarGroup has increased its dividend by an average of 3.1% per year over the last three years and has increased its dividend every year for the last 1 years. AptarGroup has a payout ratio of 28.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AptarGroup to earn $5.76 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 28.5%.

AptarGroup Stock Performance

Shares of ATR stock opened at $137.28 on Friday. The business’s 50-day moving average price is $139.83 and its 200-day moving average price is $130.95. AptarGroup has a 12 month low of $111.63 and a 12 month high of $145.35. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 3.82 and a beta of 0.59. The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

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 14.46% and a net margin of 8.16%. 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. Equities research analysts forecast that AptarGroup will post 5.22 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price objective on AptarGroup from $157.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Robert W. Baird raised AptarGroup from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $125.00 to $150.00 in a research note on Wednesday, January 3rd.

Insiders Place Their Bets

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the sale, the chief executive officer now directly owns 159,024 shares in the company, valued at $22,528,930.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Gael Touya sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $142.84, for a total transaction of $499,940.00. Following the completion of the sale, the insider now owns 33,426 shares in the company, valued at $4,774,569.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total value of $4,533,440.00. Following the sale, the chief executive officer now owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,500 shares of company stock worth $5,318,280. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AptarGroup

Several hedge funds and other institutional investors have recently modified their holdings of ATR. Morgan Stanley grew its holdings in AptarGroup by 866.4% during the fourth quarter. Morgan Stanley now owns 3,913,980 shares of the industrial products company’s stock worth $430,460,000 after buying an additional 3,508,965 shares in the last quarter. Norges Bank bought a new stake in AptarGroup during the fourth quarter worth $59,104,000. State Street Corp grew its holdings in AptarGroup by 8.9% during the first quarter. State Street Corp now owns 2,893,157 shares of the industrial products company’s stock worth $339,946,000 after buying an additional 237,377 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in AptarGroup by 599.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 90,175 shares of the industrial products company’s stock worth $9,917,000 after buying an additional 77,281 shares in the last quarter. Finally, CI Private Wealth LLC bought a new stake in AptarGroup during the fourth quarter worth $7,945,000. Institutional investors own 88.52% of the company’s stock.

AptarGroup Company Profile

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.