AptarGroup (NYSE:ATR – Free Report) had its target price increased by Wells Fargo & Company from $140.00 to $152.00 in a research note published on Monday morning, Marketbeat.com reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.
A number of other equities research analysts also recently commented on the stock. StockNews.com started coverage on shares of AptarGroup in a research report on Thursday, August 17th. They issued a buy rating for the company. Bank of America dropped their price target on shares of AptarGroup from $152.00 to $149.00 in a research note on Monday, July 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, AptarGroup has a consensus rating of Moderate Buy and an average target price of $134.17.
AptarGroup Stock Up 1.3 %
AptarGroup (NYSE:ATR – Get Free Report) last issued its quarterly earnings data on Friday, July 28th. The industrial products company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.13 by $0.10. AptarGroup had a net margin of 7.41% and a return on equity of 13.04%. The business had revenue of $895.91 million during the quarter, compared to analyst estimates of $898.89 million. During the same period last year, the business posted $0.96 earnings per share. AptarGroup’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that AptarGroup will post 4.55 earnings per share for the current year.
AptarGroup Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Thursday, July 27th were given a $0.41 dividend. This is a positive change from AptarGroup’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Wednesday, July 26th. AptarGroup’s dividend payout ratio is 43.62%.
Insider Buying and Selling
In related news, Director George L. Fotiades sold 9,500 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $128.46, for a total value of $1,220,370.00. Following the sale, the director now directly owns 4,962 shares of the company’s stock, valued at approximately $637,418.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director George L. Fotiades sold 9,500 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $128.46, for a total transaction of $1,220,370.00. Following the transaction, the director now directly owns 4,962 shares of the company’s stock, valued at $637,418.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Marc Prieur sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $121.00, for a total transaction of $968,000.00. Following the transaction, the insider now directly owns 17,028 shares in the company, valued at $2,060,388. The disclosure for this sale can be found here. Insiders have sold 34,849 shares of company stock valued at $4,317,425 in the last ninety days. 1.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On AptarGroup
Several institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of AptarGroup during the first quarter worth $27,000. Janiczek Wealth Management LLC purchased a new position in AptarGroup in the first quarter valued at $30,000. 1832 Asset Management L.P. purchased a new position in AptarGroup in the first quarter valued at $30,000. Machina Capital S.A.S. purchased a new position in AptarGroup in the first quarter valued at $31,000. Finally, Belpointe Asset Management LLC increased its holdings in AptarGroup by 60.3% in the first quarter. Belpointe Asset Management LLC now owns 351 shares of the industrial products company’s stock valued at $41,000 after buying an additional 132 shares in the last quarter. 88.61% of the stock is currently owned by institutional investors and hedge funds.
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 three segments: Aptar Pharma, Aptar Beauty, and Aptar Closures.
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