AptarGroup (NYSE:ATR) Hits New 12-Month High at $145.99


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AptarGroup, Inc. (NYSE:ATR)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $145.99 and last traded at $145.97, with a volume of 206053 shares traded. The stock had previously closed at $144.69.

Several equities analysts recently commented on the company. Wells Fargo & Company raised their target price on AptarGroup from $135.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, January 11th. Deutsche Bank Aktiengesellschaft lifted their target price on AptarGroup from $127.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, January 20th. Finally, Morgan Stanley lifted their price objective on AptarGroup from $122.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $143.00.

The company has a fifty day simple moving average of $138.25 and a two-hundred day simple moving average of $130.47. The company has a quick ratio of 1.21, a current ratio of 1.69 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $9.48 billion, a P/E ratio of 45.58, a price-to-earnings-growth ratio of 4.82 and a beta of 0.63.

AptarGroup (NYSE:ATR) last posted its earnings results on Wednesday, February 17th. The industrial products company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.02. The firm had revenue of $749.33 million for the quarter, compared to analyst estimates of $736.10 million. AptarGroup had a return on equity of 14.24% and a net margin of 7.34%. As a group, equities analysts forecast that AptarGroup, Inc. will post 3.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 17th. Shareholders of record on Wednesday, January 27th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, January 26th. This represents a $1.44 annualized dividend and a yield of 1.00%. AptarGroup’s dividend payout ratio is presently 36.46%.

In other news, CFO Robert Kuhn sold 30,000 shares of the business’s stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $141.85, for a total value of $4,255,500.00. Following the sale, the chief financial officer now directly owns 88,216 shares in the company, valued at $12,513,439.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joanne C. Dr Smith sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 3rd. The shares were sold at an average price of $132.05, for a total value of $132,050.00. Following the completion of the sale, the director now owns 16,658 shares in the company, valued at $2,199,688.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,348 shares of company stock worth $5,272,715. Corporate insiders own 1.70% of the company’s stock.

Several institutional investors have recently modified their holdings of ATR. JJJ Advisors Inc. lifted its holdings in shares of AptarGroup by 1,077.8% in the fourth quarter. JJJ Advisors Inc. now owns 212 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 194 shares in the last quarter. Huntington National Bank raised its holdings in AptarGroup by 268.2% during the fourth quarter. Huntington National Bank now owns 243 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 177 shares in the last quarter. Whittier Trust Co. raised its holdings in AptarGroup by 170.0% during the fourth quarter. Whittier Trust Co. now owns 270 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 170 shares in the last quarter. Captrust Financial Advisors raised its holdings in AptarGroup by 18.8% during the fourth quarter. Captrust Financial Advisors now owns 443 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 70 shares in the last quarter. Finally, Simon Quick Advisors LLC bought a new stake in AptarGroup during the fourth quarter worth about $76,000. Institutional investors own 87.04% of the company’s stock.

AptarGroup Company Profile (NYSE:ATR)

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.

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