AptarGroup, Inc. (NYSE:ATR) shot up 8.6% on Tuesday following a better than expected earnings announcement. The company traded as high as $92.32 and last traded at $89.72. 1,101,994 shares changed hands during trading, an increase of 257% from the average session volume of 308,680 shares. The stock had previously closed at $82.60.

The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. AptarGroup had a return on equity of 17.04% and a net margin of 8.91%. The company had revenue of $625.90 million for the quarter, compared to analysts’ expectations of $577.17 million. During the same period last year, the business earned $0.69 EPS. AptarGroup’s quarterly revenue was up 16.1% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, January 30th. AptarGroup’s dividend payout ratio is currently 37.54%.

A number of brokerages recently issued reports on ATR. Wells Fargo & Co reiterated a “market perform” rating and issued a $90.00 target price (up from $83.00) on shares of AptarGroup in a report on Wednesday. Robert W. Baird reiterated a “hold” rating and issued a $92.00 target price on shares of AptarGroup in a report on Wednesday. Zacks Investment Research upgraded AptarGroup from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Wednesday, January 31st. Finally, KeyCorp reiterated a “hold” rating on shares of AptarGroup in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $85.38.

In other AptarGroup news, Director Ralf K. Wunderlich sold 26,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $87.03, for a total transaction of $2,262,780.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Robert Kuhn sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $87.43, for a total value of $437,150.00. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of ATR. Zions Bancorporation purchased a new stake in shares of AptarGroup during the 3rd quarter valued at $187,000. Susquehanna International Group LLP increased its position in shares of AptarGroup by 233.1% during the 2nd quarter. Susquehanna International Group LLP now owns 2,528 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 4,428 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of AptarGroup during the 3rd quarter valued at $221,000. Centiva Capital LP purchased a new stake in shares of AptarGroup during the 4th quarter valued at $235,000. Finally, Dean Capital Investments Management LLC purchased a new stake in shares of AptarGroup during the 4th quarter valued at $273,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

The company has a market cap of $5,590.00, a PE ratio of 26.60, a PEG ratio of 2.71 and a beta of 0.88. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96.

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About AptarGroup

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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