Insider Selling: AptarGroup, Inc. (NYSE:ATR) Insider Sells 3,200 Shares of Stock

AptarGroup, Inc. (NYSE:ATR) insider Marc Prieur sold 3,200 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the completion of the sale, the insider now owns 16,616 shares of the company’s stock, valued at approximately $2,474,454.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AptarGroup Stock Up 0.5 %

Shares of ATR traded up $0.73 on Tuesday, reaching $149.77. The stock had a trading volume of 392,905 shares, compared to its average volume of 327,985. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 3.93 and a beta of 0.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30. The company has a 50-day simple moving average of $141.69 and a 200-day simple moving average of $133.01. AptarGroup, Inc. has a 12-month low of $111.63 and a 12-month high of $150.38.

AptarGroup (NYSE:ATR) last released its earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $838.48 million during the quarter, compared to analysts’ expectations of $842.50 million. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. Sell-side analysts predict that AptarGroup, Inc. will post 5.34 EPS for the current year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, April 24th. AptarGroup’s dividend payout ratio (DPR) is presently 35.19%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC bought a new position in AptarGroup during the 1st quarter valued at approximately $25,000. Global Retirement Partners LLC increased its position in AptarGroup by 8,850.0% during the 1st quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock valued at $26,000 after buying an additional 177 shares in the last quarter. C M Bidwell & Associates Ltd. increased its position in AptarGroup by 1,063.3% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock valued at $44,000 after buying an additional 319 shares in the last quarter. Mather Group LLC. bought a new position in AptarGroup during the 1st quarter valued at approximately $52,000. Finally, Riverview Trust Co bought a new position in AptarGroup during the 1st quarter valued at approximately $54,000. Institutional investors own 88.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ATR shares. Wells Fargo & Company increased their price objective on AptarGroup from $160.00 to $163.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Robert W. Baird increased their price objective on AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Finally, William Blair upgraded AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th.

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.