AptarGroup (NYSE:ATR) Reaches New 1-Year High at $155.40

AptarGroup, Inc. (NYSE:ATR) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $155.40 and last traded at $154.21, with a volume of 34081 shares trading hands. The stock had previously closed at $152.99.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their price objective on shares of AptarGroup from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th.

AptarGroup Stock Performance

The firm has a fifty day moving average of $147.31 and a 200-day moving average of $145.07. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 3.11 and a beta of 0.57.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.01. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The business had revenue of $910.10 million during the quarter, compared to the consensus estimate of $930.15 million. During the same quarter in the previous year, the company posted $1.23 EPS. The business’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current year.

AptarGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. AptarGroup’s dividend payout ratio is currently 38.63%.

Insider Transactions at AptarGroup

In related news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $147.56, for a total value of $4,721,920.00. Following the sale, the chief executive officer now owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. The transaction was disclosed in a filing with the SEC, which is available through this link. In other AptarGroup news, insider Xiangwei Gong sold 7,200 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $146.52, for a total transaction of $1,054,944.00. Following the sale, the insider now directly owns 12,974 shares of the company’s stock, valued at approximately $1,900,950.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the sale, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $25,692,852.08. The disclosure for this sale can be found here. Insiders sold a total of 49,457 shares of company stock valued at $7,314,030 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of AptarGroup

A number of hedge funds have recently bought and sold shares of ATR. Sanctuary Advisors LLC acquired a new position in AptarGroup in the 2nd quarter valued at $1,087,000. Quarry LP grew its position in shares of AptarGroup by 77.5% in the second quarter. Quarry LP now owns 735 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 321 shares during the period. Creative Planning grew its position in shares of AptarGroup by 13.9% in the second quarter. Creative Planning now owns 3,422 shares of the industrial products company’s stock valued at $482,000 after purchasing an additional 417 shares during the period. Algert Global LLC increased its stake in AptarGroup by 40.4% in the second quarter. Algert Global LLC now owns 23,154 shares of the industrial products company’s stock valued at $3,260,000 after purchasing an additional 6,664 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in AptarGroup by 25.6% during the second quarter. Mackenzie Financial Corp now owns 4,710 shares of the industrial products company’s stock worth $663,000 after buying an additional 960 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

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.