AptarGroup, Inc. (NYSE:ATR) Insider Hedi Tlili Sells 1,375 Shares

AptarGroup, Inc. (NYSE:ATR) insider Hedi Tlili sold 1,375 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the completion of the sale, the insider now owns 9,379 shares in the company, valued at approximately $1,430,672.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AptarGroup Stock Performance

NYSE:ATR traded up $0.15 on Monday, hitting $152.43. The company’s stock had a trading volume of 28,234 shares, compared to its average volume of 289,511. 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 stock has a fifty day moving average of $147.09 and a two-hundred day moving average of $144.98. The firm has a market capitalization of $10.10 billion, a P/E ratio of 32.68, a price-to-earnings-growth ratio of 3.11 and a beta of 0.57. AptarGroup, Inc. has a one year low of $120.36 and a one year high of $153.44.

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

AptarGroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were given a $0.45 dividend. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. AptarGroup’s dividend payout ratio is presently 38.63%.

Hedge Funds Weigh In On AptarGroup

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of AptarGroup by 0.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,077,577 shares of the industrial products company’s stock valued at $155,053,000 after purchasing an additional 5,089 shares during the last quarter. Mawer Investment Management Ltd. grew its position in shares of AptarGroup by 111.0% in the second quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company’s stock valued at $151,394,000 after purchasing an additional 565,511 shares during the last quarter. American Century Companies Inc. grew its position in AptarGroup by 35.9% during the second quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock worth $113,395,000 after buying an additional 212,886 shares in the last quarter. Norges Bank bought a new position in AptarGroup during the 4th quarter worth $89,855,000. Finally, Dimensional Fund Advisors LP increased its stake in AptarGroup by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,617 shares of the industrial products company’s stock worth $100,917,000 after acquiring an additional 64,288 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.