AptarGroup (ATR) Scheduled to Post Earnings on Thursday

AptarGroup (NYSE:ATR) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect AptarGroup to post earnings of $1.12 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

AptarGroup (NYSE:ATR) last posted its earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $838.48 million for the quarter, compared to analyst estimates of $842.50 million. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. AptarGroup’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. On average, analysts expect AptarGroup to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

AptarGroup Stock Down 0.1 %

AptarGroup stock opened at $138.40 on Thursday. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 3.78 and a beta of 0.59. AptarGroup has a 52 week low of $111.63 and a 52 week high of $145.35. The business’s 50-day moving average price is $140.41 and its 200 day moving average price is $131.39. The company has a quick ratio of 0.83, a current ratio of 1.24 and a debt-to-equity ratio of 0.29.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, April 24th. AptarGroup’s dividend payout ratio (DPR) is 38.59%.

Insiders Place Their Bets

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares in the company, valued at $22,528,930.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction that occurred 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 owns 159,024 shares in the company, valued at $22,528,930.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total value 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. Over the last 90 days, insiders have sold 37,500 shares of company stock worth $5,318,280. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AptarGroup

Several hedge funds and other institutional investors have recently made changes to their positions in ATR. Morgan Stanley increased its holdings in shares of AptarGroup by 866.4% in the fourth quarter. Morgan Stanley now owns 3,913,980 shares of the industrial products company’s stock valued at $430,460,000 after purchasing an additional 3,508,965 shares during the last quarter. Norges Bank acquired a new stake in shares of AptarGroup in the fourth quarter valued at approximately $59,104,000. State Street Corp increased its holdings in shares of AptarGroup by 8.9% in the first quarter. State Street Corp now owns 2,893,157 shares of the industrial products company’s stock valued at $339,946,000 after purchasing an additional 237,377 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of AptarGroup by 599.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 90,175 shares of the industrial products company’s stock valued at $9,917,000 after purchasing an additional 77,281 shares during the last quarter. Finally, CI Private Wealth LLC acquired a new stake in shares of AptarGroup in the fourth quarter valued at approximately $7,945,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Analyst Ratings Changes

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

About AptarGroup

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.