Stephen J. Hagge Sells 25,000 Shares of AptarGroup, Inc. (ATR) Stock
AptarGroup, Inc. (NYSE:ATR) Director Stephen J. Hagge sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $86.12, for a total transaction of $2,153,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
AptarGroup, Inc. (ATR) traded down $0.46 during trading on Friday, reaching $85.65. 170,988 shares of the company’s stock were exchanged, compared to its average volume of 280,574. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The firm has a market cap of $5,332.98, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 3.01 and a beta of 0.97. AptarGroup, Inc. has a 52-week low of $71.44 and a 52-week high of $90.79.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The company had revenue of $624.33 million during the quarter, compared to analyst estimates of $599.31 million. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. research analysts anticipate that AptarGroup, Inc. will post 3.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, October 31st. AptarGroup’s dividend payout ratio is presently 37.43%.
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Several research firms have commented on ATR. BidaskClub cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Robert W. Baird restated a “hold” rating and set a $85.00 target price on shares of AptarGroup in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Tuesday, October 17th. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and lifted their target price for the company from $70.00 to $77.00 in a report on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and set a $78.00 target price (down previously from $81.00) on shares of AptarGroup in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $84.57.
A number of hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation acquired a new position in AptarGroup in the 3rd quarter valued at approximately $187,000. Cigna Investments Inc. New acquired a new position in shares of AptarGroup during the 2nd quarter worth $206,000. Stewart & Patten Co. LLC acquired a new position in shares of AptarGroup during the 2nd quarter worth $208,000. Rehmann Capital Advisory Group acquired a new position in shares of AptarGroup during the 2nd quarter worth $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of AptarGroup by 8.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock worth $217,000 after buying an additional 187 shares during the period. 92.31% of the stock is owned by institutional investors and hedge funds.
AptarGroup Company Profile
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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