AptarGroup, Inc. (ATR) Director Ralf K. Wunderlich Sells 26,000 Shares of Stock
AptarGroup, Inc. (NYSE:ATR) Director Ralf K. Wunderlich sold 26,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink.
Shares of AptarGroup, Inc. (ATR) traded up $0.85 during midday trading on Thursday, reaching $88.41. 232,041 shares of the company were exchanged, compared to its average volume of 279,198. The firm has a market cap of $5,413.96, a PE ratio of 26.34, a price-to-earnings-growth ratio of 3.05 and a beta of 0.97. AptarGroup, Inc. has a 12-month low of $71.44 and a 12-month high of $90.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The firm had revenue of $624.33 million for the quarter, compared to analysts’ expectations of $599.31 million. During the same period in the prior year, the company earned $0.82 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. analysts predict that AptarGroup, Inc. will post 3.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, October 31st. This represents a $1.28 annualized dividend and a dividend yield of 1.45%. AptarGroup’s dividend payout ratio is currently 37.43%.
A number of brokerages have recently issued reports on ATR. Zacks Investment Research downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Robert W. Baird reiterated a “hold” rating and issued a $85.00 price target on shares of AptarGroup in a report on Thursday, October 12th. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a report on Friday, October 27th. Jefferies Group reiterated a “hold” rating and issued a $78.00 price target on shares of AptarGroup in a report on Thursday, August 31st. Finally, BidaskClub cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $84.57.
Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of AptarGroup by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,933,069 shares of the industrial products company’s stock worth $515,346,000 after purchasing an additional 64,412 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of AptarGroup by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,707,778 shares of the industrial products company’s stock worth $235,197,000 after acquiring an additional 23,666 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of AptarGroup by 6.3% during the 2nd quarter. Victory Capital Management Inc. now owns 2,107,802 shares of the industrial products company’s stock worth $183,083,000 after acquiring an additional 125,222 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of AptarGroup by 294.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,013,917 shares of the industrial products company’s stock worth $88,069,000 after acquiring an additional 757,017 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of AptarGroup by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 790,477 shares of the industrial products company’s stock worth $68,225,000 after acquiring an additional 8,515 shares during the period. 90.88% of the stock is currently owned by institutional investors.
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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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