AptarGroup, Inc. (NYSE:ATR) Director King W. Harris sold 13,400 shares of AptarGroup stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $74.51, for a total value of $998,434.00. Following the completion of the sale, the director now owns 182,109 shares of the company’s stock, valued at $13,568,941.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
AptarGroup, Inc. (NYSE:ATR) opened at 73.83 on Wednesday. The stock has a market capitalization of $4.62 billion, a PE ratio of 23.29 and a beta of 0.97. The stock’s 50 day moving average price is $73.41 and its 200-day moving average price is $75.21. AptarGroup, Inc. has a 52-week low of $70.32 and a 52-week high of $81.50.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm earned $539 million during the quarter, compared to analysts’ expectations of $560.12 million. AptarGroup had a return on equity of 16.27% and a net margin of 8.82%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS. On average, equities analysts expect that AptarGroup, Inc. will post $3.30 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 22nd. Investors of record on Wednesday, February 1st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, January 30th. AptarGroup’s dividend payout ratio (DPR) is currently 40.38%.
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Several large investors have recently modified their holdings of the company. Foresters Investment Management Company Inc. boosted its stake in shares of AptarGroup by 2.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 153,500 shares of the company’s stock worth $11,299,000 after buying an additional 3,500 shares during the period. Tudor Investment Corp Et Al acquired a new stake in AptarGroup during the fourth quarter worth approximately $1,338,000. Atlanta Capital Management Co. L L C boosted its stake in AptarGroup by 5.9% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 3,353,253 shares of the company’s stock worth $246,296,000 after buying an additional 187,225 shares during the period. Tyers Asset Management LLC acquired a new stake in AptarGroup during the fourth quarter worth approximately $245,000. Finally, Champlain Investment Partners LLC boosted its stake in AptarGroup by 56.0% in the fourth quarter. Champlain Investment Partners LLC now owns 837,125 shares of the company’s stock worth $61,487,000 after buying an additional 300,500 shares during the period. Hedge funds and other institutional investors own 89.61% of the company’s stock.
Several equities research analysts recently commented on the company. Zacks Investment Research upgraded AptarGroup from a “sell” rating to a “hold” rating in a report on Wednesday, December 28th. Jefferies Group LLC cut their price target on AptarGroup to $79.00 in a research note on Friday, January 20th. Vertical Research upgraded AptarGroup from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Vertical Group upgraded AptarGroup from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Finally, Bank of America Corporation downgraded AptarGroup from a “buy” rating to an “underperform” rating in a research note on Wednesday, December 7th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. AptarGroup presently has a consensus rating of “Hold” and an average target price of $80.50.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
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