Insider Selling: AptarGroup, Inc. (NYSE:ATR) Insider Sells $672,347.06 in Stock

AptarGroup, Inc. (NYSE:ATR) insider Hedi Tlili sold 4,634 shares of AptarGroup stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total value of $672,347.06. Following the transaction, the insider now directly owns 9,379 shares of the company’s stock, valued at approximately $1,360,799.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

AptarGroup Price Performance

AptarGroup stock opened at $146.87 on Friday. The stock has a market capitalization of $9.73 billion, a P/E ratio of 31.52, a P/E/G ratio of 3.89 and a beta of 0.57. AptarGroup, Inc. has a 12-month low of $111.63 and a 12-month high of $148.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89. The firm’s 50-day moving average is $141.55 and its two-hundred day moving average is $132.76.

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

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, April 24th. AptarGroup’s dividend payout ratio is currently 35.19%.

Hedge Funds Weigh In On AptarGroup

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of AptarGroup by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,146,231 shares of the industrial products company’s stock valued at $893,565,000 after acquiring an additional 53,625 shares during the last quarter. Morgan Stanley increased its position in AptarGroup by 10.0% during the third quarter. Morgan Stanley now owns 4,608,460 shares of the industrial products company’s stock worth $576,242,000 after purchasing an additional 420,457 shares during the last quarter. Boston Trust Walden Corp increased its position in AptarGroup by 1.5% during the fourth quarter. Boston Trust Walden Corp now owns 1,438,442 shares of the industrial products company’s stock worth $177,820,000 after purchasing an additional 21,545 shares during the last quarter. FMR LLC raised its stake in AptarGroup by 19.7% during the third quarter. FMR LLC now owns 1,371,141 shares of the industrial products company’s stock worth $171,447,000 after purchasing an additional 225,296 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of AptarGroup by 9.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,147,557 shares of the industrial products company’s stock valued at $143,491,000 after purchasing an additional 101,279 shares during the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.