Short Interest in AptarGroup, Inc. (NYSE:ATR) Declines By 8.2%

AptarGroup, Inc. (NYSE:ATRGet Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 430,500 shares, a decrease of 8.2% from the April 30th total of 468,900 shares. Based on an average trading volume of 289,100 shares, the short-interest ratio is presently 1.5 days. Currently, 0.7% of the company’s shares are short sold.

AptarGroup Trading Up 0.3 %

Shares of ATR opened at $148.14 on Tuesday. The stock has a fifty day moving average of $144.29 and a two-hundred day moving average of $136.36. 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 market capitalization of $9.82 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 3.14 and a beta of 0.60. AptarGroup has a fifty-two week low of $111.63 and a fifty-two week high of $151.73.

AptarGroup (NYSE:ATRGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.13. The firm had revenue of $915.45 million during the quarter, compared to analysts’ expectations of $897.40 million. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. As a group, analysts forecast that AptarGroup will post 5.36 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th were issued a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.11%. AptarGroup’s dividend payout ratio is currently 35.19%.

Insider Buying and Selling

In other 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 transaction of $284,900.00. Following the completion of the transaction, the director now directly owns 9,648 shares in the company, valued at $1,374,357.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Monnas Giovanna Kampouri sold 2,000 shares of the 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 sale, the director now directly owns 9,648 shares in the company, valued at $1,374,357.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Hedi Tlili sold 4,634 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $145.09, for a total value of $672,347.06. Following the completion of the sale, the insider now owns 9,379 shares in the company, valued at $1,360,799.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,334 shares of company stock worth $1,933,731. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On AptarGroup

Large investors have recently bought and sold shares of the business. Tidal Investments LLC raised its holdings in shares of AptarGroup by 53.4% during the first quarter. Tidal Investments LLC now owns 9,596 shares of the industrial products company’s stock valued at $1,381,000 after buying an additional 3,340 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of AptarGroup during the first quarter valued at approximately $269,000. Perbak Capital Partners LLP acquired a new position in shares of AptarGroup during the first quarter valued at approximately $6,791,000. Aristides Capital LLC acquired a new position in AptarGroup in the first quarter worth approximately $264,000. Finally, Price T Rowe Associates Inc. MD grew its position in AptarGroup by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 35,308 shares of the industrial products company’s stock worth $5,081,000 after buying an additional 2,062 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ATR. William Blair raised AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th. Robert W. Baird raised their price target on AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company raised their price target on AptarGroup from $160.00 to $163.00 and gave the stock an “overweight” rating in a report on Monday, April 29th.

Get Our Latest Stock Report on AptarGroup

AptarGroup Company Profile

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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.

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