AptarGroup, Inc. (ATR) To Go Ex-Dividend on April 24th

AptarGroup, Inc. (NYSE:ATR) declared a quarterly dividend on Thursday, April 11th, RTT News reports. Shareholders of record on Thursday, April 25th will be paid a dividend of 0.41 per share by the industrial products company on Thursday, May 16th. This represents a $1.64 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, April 24th.

AptarGroup has raised its dividend by an average of 3.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. AptarGroup has a dividend payout ratio of 28.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AptarGroup to earn $5.75 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 28.5%.

AptarGroup Stock Performance

ATR opened at $139.34 on Monday. The business’s 50 day moving average is $140.55 and its 200-day moving average is $131.65. The stock has a market cap of $9.22 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 3.82 and a beta of 0.59. The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. AptarGroup has a twelve month low of $111.63 and a twelve month high of $145.35.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $838.48 million for the quarter, compared to analysts’ expectations of $842.50 million. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. On average, analysts predict that AptarGroup will post 5.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ATR. Robert W. Baird raised AptarGroup from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $125.00 to $150.00 in a report on Wednesday, January 3rd. Wells Fargo & Company raised their price objective on shares of AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th.

Insider Activity at AptarGroup

In related news, insider Gael Touya sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $142.84, for a total transaction of $499,940.00. Following the transaction, the insider now owns 33,426 shares in the company, valued at $4,774,569.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other AptarGroup news, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $142.84, for a total value of $499,940.00. Following the transaction, the insider now owns 33,426 shares in the company, valued at $4,774,569.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total transaction of $284,900.00. Following the completion of the transaction, the director now owns 9,648 shares in the company, valued at approximately $1,374,357.60. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock worth $5,318,280 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ATR. Raymond James Financial Services Advisors Inc. grew its position in AptarGroup by 10.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,393 shares of the industrial products company’s stock worth $1,221,000 after buying an additional 970 shares during the last quarter. HighTower Advisors LLC grew its position in AptarGroup by 6.3% during the 1st quarter. HighTower Advisors LLC now owns 6,976 shares of the industrial products company’s stock worth $820,000 after purchasing an additional 416 shares in the last quarter. Great West Life Assurance Co. Can grew its position in AptarGroup by 9.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 37,547 shares of the industrial products company’s stock worth $4,539,000 after purchasing an additional 3,125 shares in the last quarter. Raymond James Trust N.A. grew its position in AptarGroup by 7.1% during the 1st quarter. Raymond James Trust N.A. now owns 4,632 shares of the industrial products company’s stock worth $545,000 after purchasing an additional 308 shares in the last quarter. Finally, Sei Investments Co. grew its position in AptarGroup by 0.4% during the 1st quarter. Sei Investments Co. now owns 122,797 shares of the industrial products company’s stock worth $14,429,000 after purchasing an additional 484 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

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.