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

AptarGroup, Inc. (NYSE:ATR) insider Gael Touya sold 3,300 shares of AptarGroup stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $152.62, for a total transaction of $503,646.00. Following the sale, the insider now owns 33,963 shares in the company, valued at approximately $5,183,433.06. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

AptarGroup Price Performance

Shares of NYSE ATR opened at $152.51 on Wednesday. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average of $150.10 and a two-hundred day moving average of $153.42. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. The business had revenue of $887.31 million during the quarter, compared to analyst estimates of $894.26 million. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 earnings per share. As a group, analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, May 1st. AptarGroup’s payout ratio is 32.85%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ATR shares. Wall Street Zen upgraded shares of AptarGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Raymond James decreased their price objective on shares of AptarGroup from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $170.00 price objective (up previously from $162.00) on shares of AptarGroup in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $178.60.

Institutional Investors Weigh In On AptarGroup

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in AptarGroup by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company’s stock worth $1,132,222,000 after purchasing an additional 58,777 shares in the last quarter. FMR LLC boosted its holdings in shares of AptarGroup by 33.1% in the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock worth $389,854,000 after buying an additional 617,365 shares during the period. Victory Capital Management Inc. increased its position in shares of AptarGroup by 12.6% in the first quarter. Victory Capital Management Inc. now owns 2,219,191 shares of the industrial products company’s stock worth $329,284,000 after acquiring an additional 247,519 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of AptarGroup by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,555,556 shares of the industrial products company’s stock valued at $248,570,000 after acquiring an additional 40,268 shares during the period. Finally, Mawer Investment Management Ltd. raised its holdings in shares of AptarGroup by 4.4% during the fourth quarter. Mawer Investment Management Ltd. now owns 1,208,753 shares of the industrial products company’s stock valued at $189,895,000 after acquiring an additional 50,651 shares during the period. 88.52% of the stock is 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.