Insider Selling: AptarGroup, Inc. (NYSE:ATR) CFO Sells $151,290.00 in Stock

AptarGroup, Inc. (NYSE:ATR) CFO Robert Kuhn sold 1,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $151.29, for a total transaction of $151,290.00. Following the sale, the chief financial officer now directly owns 65,552 shares of the company’s stock, valued at $9,917,362.08. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Robert Kuhn also recently made the following trade(s):

• On Thursday, August 22nd, Robert Kuhn sold 200 shares of AptarGroup stock. The stock was sold at an average price of $150.18, for a total transaction of $30,036.00.

AptarGroup Stock Up 0.5 %

ATR stock opened at $152.26 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $145.10 and a 200-day simple moving average of $143.92. The company has a market capitalization of $10.09 billion, a P/E ratio of 32.67, a PEG ratio of 3.03 and a beta of 0.57. AptarGroup, Inc. has a twelve month low of $120.36 and a twelve month high of $152.91.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The business had revenue of $910.10 million during the quarter, compared to the consensus estimate of $930.15 million. During the same period last year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that AptarGroup, Inc. will post 5.36 earnings per share for the current fiscal year.

AptarGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 25th. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 1.18%. AptarGroup’s dividend payout ratio (DPR) is 38.63%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted their price target on AptarGroup from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th.

Institutional Trading of AptarGroup

Several institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in AptarGroup in the 4th quarter worth about $89,855,000. Mawer Investment Management Ltd. grew its holdings in AptarGroup by 111.0% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company’s stock worth $151,394,000 after buying an additional 565,511 shares in the last quarter. American Century Companies Inc. increased its position in AptarGroup by 35.9% in the 2nd quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock valued at $113,395,000 after acquiring an additional 212,886 shares during the period. Schroder Investment Management Group boosted its position in AptarGroup by 93.1% during the 4th quarter. Schroder Investment Management Group now owns 295,820 shares of the industrial products company’s stock worth $36,569,000 after acquiring an additional 142,623 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of AptarGroup by 36.2% during the second quarter. Millennium Management LLC now owns 519,700 shares of the industrial products company’s stock valued at $73,179,000 after purchasing an additional 138,134 shares during the period. Institutional investors own 88.52% of the company’s stock.

About AptarGroup

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.