AptarGroup Inc. (ATR) Sees Large Volume Increase
AptarGroup Inc. (NYSE:ATR) saw strong trading volume on Friday . 264,047 shares traded hands during trading, an increase of 26% from the previous session’s volume of 210,128 shares.The stock last traded at $78.54 and had previously closed at $78.07.
Separately, Deutsche Bank AG reaffirmed a “buy” rating on shares of AptarGroup in a report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $75.00.
The company has a market cap of $4.94 billion and a PE ratio of 25.48. The firm’s 50-day moving average is $78.09 and its 200-day moving average is $77.12.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. During the same period in the previous year, the business posted $0.82 earnings per share. The business earned $620 million during the quarter, compared to analyst estimates of $621.52 million. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts forecast that AptarGroup Inc. will post $3.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 17th. Shareholders of record on Wednesday, July 27th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Monday, July 25th.
In other AptarGroup news, CEO Stephen J. Hagge sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $76.59, for a total value of $1,914,750.00. Following the sale, the chief executive officer now directly owns 96,159 shares of the company’s stock, valued at $7,364,817.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director King W. Harris sold 13,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $76.62, for a total value of $1,003,722.00. Following the completion of the sale, the director now directly owns 195,509 shares in the company, valued at $14,979,899.58. The disclosure for this sale can be found here.
An institutional investor recently raised its position in AptarGroup stock. Principal Financial Group Inc. raised its stake in shares of AptarGroup Inc. (NYSE:ATR) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,833 shares of the company’s stock after buying an additional 4,794 shares during the period. Principal Financial Group Inc. owned 0.32% of AptarGroup worth $14,664,000 at the end of the most recent reporting period.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
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