AptarGroup (NYSE:ATR) Reaches New 1-Year High at $148.55

AptarGroup, Inc. (NYSE:ATR) reached a new 52-week high on Monday . The stock traded as high as $148.55 and last traded at $148.37, with a volume of 106382 shares changing hands. The stock had previously closed at $146.81.

Wall Street Analyst Weigh In

ATR has been the subject of a number of recent research reports. William Blair raised AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th. Robert W. Baird upped their price objective on AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company raised their price objective on shares of AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, April 29th.

AptarGroup Stock Up 0.7 %

The company has a fifty day simple moving average of $142.09 and a 200 day simple moving average of $133.32. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $9.99 billion, a P/E ratio of 32.36, a P/E/G ratio of 3.93 and a beta of 0.57.

AptarGroup (NYSE:ATR) last released its quarterly 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. The firm had revenue of $838.48 million during the quarter, compared to analyst estimates of $842.50 million. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. On average, equities analysts expect that AptarGroup, Inc. will post 5.34 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, April 24th. AptarGroup’s payout ratio is currently 35.19%.

Insider Activity at AptarGroup

In related news, insider Marc Prieur sold 3,200 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $148.92, for a total value of $476,544.00. Following the completion of the transaction, the insider now directly owns 16,616 shares of the company’s stock, valued at $2,474,454.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Marc Prieur sold 3,200 shares of AptarGroup stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the completion of the transaction, the insider now owns 16,616 shares in the company, valued at $2,474,454.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total value of $4,533,440.00. Following the sale, the chief executive officer now owns 159,024 shares in the company, valued at $22,528,930.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,334 shares of company stock valued at $6,467,171. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ATR. Albert D Mason Inc. lifted its holdings in shares of AptarGroup by 0.8% in the 1st quarter. Albert D Mason Inc. now owns 10,257 shares of the industrial products company’s stock worth $1,476,000 after acquiring an additional 77 shares during the last quarter. Picton Mahoney Asset Management grew its stake in shares of 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 buying an additional 100 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of AptarGroup by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company’s stock worth $1,954,000 after buying an additional 100 shares during the period. Fulton Bank N.A. lifted its stake in shares of AptarGroup by 4.9% during the 4th quarter. Fulton Bank N.A. now owns 2,230 shares of the industrial products company’s stock worth $276,000 after acquiring an additional 105 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in AptarGroup by 0.4% during the 4th 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 hedge funds and other 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.