Insider Selling: AptarGroup, Inc. (NYSE:ATR) CFO Sells 200 Shares of Stock

AptarGroup, Inc. (NYSE:ATR) CFO Robert Kuhn sold 200 shares of AptarGroup stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total transaction of $30,036.00. Following the sale, the chief financial officer now directly owns 65,552 shares of the company’s stock, valued at approximately $9,844,599.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AptarGroup Stock Performance

AptarGroup stock traded up $0.89 on Friday, reaching $149.88. 111,329 shares of the stock were exchanged, compared to its average volume of 296,702. The stock has a market cap of $9.93 billion, a PE ratio of 32.14, a PEG ratio of 3.03 and a beta of 0.57. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a twelve month low of $120.36 and a twelve month high of $151.73. The firm has a fifty day moving average price of $144.59 and a two-hundred day moving average price of $143.29.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The firm had revenue of $910.10 million during the quarter, compared to analyst estimates of $930.15 million. During the same quarter in the previous year, the business earned $1.23 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Sell-side analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current year.

AptarGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a dividend of $0.45 per share. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, July 25th. This represents a $1.80 annualized dividend and a dividend yield of 1.20%. AptarGroup’s payout ratio is presently 38.63%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ATR shares. Robert W. Baird lifted their target price on shares of AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. William Blair raised shares of AptarGroup from a “market perform” rating to an “outperform” rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company lifted their price objective on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Albert D Mason Inc. increased its stake in AptarGroup by 0.8% in the first quarter. Albert D Mason Inc. now owns 10,257 shares of the industrial products company’s stock valued at $1,476,000 after acquiring an additional 77 shares during the period. Fifth Third Bancorp increased its stake in AptarGroup by 3.6% in the second quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company’s stock valued at $332,000 after purchasing an additional 82 shares in the last quarter. Argent Trust Co increased its position in shares of AptarGroup by 6.1% during the second quarter. Argent Trust Co now owns 1,685 shares of the industrial products company’s stock worth $237,000 after acquiring an additional 97 shares in the last quarter. Adirondack Trust Co. increased its position in shares of AptarGroup by 25.0% during the second quarter. Adirondack Trust Co. now owns 500 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 100 shares in the last quarter. Finally, Natixis Advisors L.P. grew its position in AptarGroup by 0.4% in the fourth quarter. Natixis Advisors L.P. now owns 24,574 shares of the industrial products company’s stock valued at $3,037,000 after purchasing an additional 109 shares in the last quarter. 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.