AptarGroup (NYSE:ATR) Hits New 52-Week High at $148.51

Shares of AptarGroup, Inc. (NYSE:ATR) hit a new 52-week high on Friday . The stock traded as high as $148.51 and last traded at $145.86, with a volume of 41215 shares changing hands. The stock had previously closed at $140.18.

Analyst Ratings Changes

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

AptarGroup Price Performance

The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.48 billion, a PE ratio of 30.76, a P/E/G ratio of 3.85 and a beta of 0.59. The firm has a 50 day moving average of $140.97 and a two-hundred day moving average of $132.13.

AptarGroup (NYSE:ATR) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. AptarGroup had a return on equity of 15.26% and a net margin of 8.83%. The business had revenue of $838.48 million for the quarter, compared to the consensus estimate of $842.50 million. During the same period last year, the business posted $0.92 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. Research analysts predict that AptarGroup, Inc. will post 5.21 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be paid a dividend of $0.41 per share. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 annualized dividend and a yield of 1.14%. AptarGroup’s dividend payout ratio is 35.19%.

Insider Transactions at AptarGroup

In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total value of $284,900.00. Following the transaction, the director now directly owns 9,648 shares of the company’s stock, valued at approximately $1,374,357.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the transaction, the chief executive officer now directly owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total value of $284,900.00. Following the sale, the director now directly owns 9,648 shares in the company, valued at $1,374,357.60. The disclosure for this sale can be found here. Insiders have sold a total of 37,500 shares of company stock worth $5,318,280 in the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On AptarGroup

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Albert D Mason Inc. raised its holdings in AptarGroup by 0.8% during the first quarter. Albert D Mason Inc. now owns 10,257 shares of the industrial products company’s stock valued at $1,476,000 after acquiring an additional 77 shares during the period. Picton Mahoney Asset Management raised its holdings in AptarGroup by 9.0% during the third quarter. Picton Mahoney Asset Management now owns 1,210 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System raised its holdings in AptarGroup by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company’s stock valued at $1,954,000 after acquiring an additional 100 shares during the period. Fulton Bank N.A. raised its holdings in AptarGroup by 4.9% during the fourth quarter. Fulton Bank N.A. now owns 2,230 shares of the industrial products company’s stock valued at $276,000 after acquiring an additional 105 shares during the period. Finally, Natixis Advisors L.P. raised its holdings in AptarGroup by 0.4% during the fourth quarter. Natixis Advisors L.P. now owns 24,574 shares of the industrial products company’s stock valued at $3,037,000 after acquiring an additional 109 shares during the period. 88.52% of the stock is owned by institutional investors.

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.