AptarGroup, Inc. (NYSE:ATR) Insider Gael Touya Sells 3,300 Shares

AptarGroup, Inc. (NYSE:ATR) insider Gael Touya sold 3,300 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the sale, the insider now directly owns 32,165 shares in the company, valued at $4,876,857.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AptarGroup Stock Up 0.1 %

NYSE ATR traded up $0.10 on Tuesday, hitting $152.01. 66,859 shares of the stock were exchanged, compared to its average volume of 292,510. AptarGroup, Inc. has a fifty-two week low of $120.36 and a fifty-two week high of $153.44. The company has a 50-day moving average price of $146.23 and a 200-day moving average price of $144.68. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The company has a market cap of $10.09 billion, a PE ratio of 32.60, a PEG ratio of 3.14 and a beta of 0.57.

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. The firm had revenue of $910.10 million for the quarter, compared to analyst estimates of $930.15 million. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. AptarGroup’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.23 earnings per share. Sell-side analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently announced 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. This is a boost 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 yield of 1.18%. AptarGroup’s payout ratio is presently 38.63%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On AptarGroup

Several hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new stake in shares of AptarGroup during the 1st quarter worth approximately $25,000. Global Retirement Partners LLC lifted its position in AptarGroup by 8,850.0% in the first quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 177 shares during the last quarter. Blue Trust Inc. boosted its stake in AptarGroup by 281.0% in the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 177 shares in the last quarter. Gradient Investments LLC acquired a new stake in shares of AptarGroup during the second quarter worth about $40,000. Finally, Versant Capital Management Inc lifted its holdings in shares of AptarGroup by 4,983.3% in the 2nd quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 299 shares during the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

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.