AptarGroup (NYSE:ATR) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.81-0.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.88.
NYSE ATR traded up $1.22 during trading on Thursday, hitting $103.18. The company’s stock had a trading volume of 392,500 shares, compared to its average volume of 297,007. The company has a quick ratio of 2.42, a current ratio of 3.01 and a debt-to-equity ratio of 0.88. The company has a market cap of $6.30 billion, a P/E ratio of 29.99, a P/E/G ratio of 3.05 and a beta of 0.81. AptarGroup has a 52 week low of $79.97 and a 52 week high of $112.31.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 31st will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, October 30th. AptarGroup’s dividend payout ratio is currently 39.53%.
Several research analysts have commented on ATR shares. Wells Fargo & Co lifted their price target on AptarGroup from $93.00 to $105.00 and gave the stock a market perform rating in a research report on Tuesday, July 31st. Zacks Investment Research raised AptarGroup from a hold rating to a buy rating and set a $121.00 price target on the stock in a research report on Monday, October 1st. Vertical Research downgraded AptarGroup from a hold rating to a sell rating and set a $86.00 price target on the stock. in a research report on Tuesday, July 31st. Deutsche Bank set a $115.00 price target on AptarGroup and gave the stock a buy rating in a research report on Monday, July 30th. Finally, Robert W. Baird lifted their price target on AptarGroup from $95.00 to $105.00 and gave the stock a neutral rating in a research report on Monday, July 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. AptarGroup currently has a consensus rating of Hold and an average price target of $105.13.
In other news, Director Stephen J. Hagge sold 25,000 shares of AptarGroup stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $104.31, for a total transaction of $2,607,750.00. Following the sale, the director now owns 110,105 shares of the company’s stock, valued at approximately $11,485,052.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Monnas Giovanna Kampouri sold 12,667 shares of AptarGroup stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $105.45, for a total value of $1,335,735.15. Following the sale, the director now directly owns 11,040 shares in the company, valued at approximately $1,164,168. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.
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 in three segments: Beauty + Home, Pharma, and Food + Beverage.
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