AptarGroup (NYSE:ATR) Hits New 12-Month High at $148.55

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

Wall Street Analyst Weigh In

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

AptarGroup Stock Up 1.5 %

The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 3.93 and a beta of 0.57. The firm’s 50-day moving average is $141.69 and its 200 day moving average is $133.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89.

AptarGroup (NYSE:ATR) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The business had revenue of $838.48 million for the quarter, compared to analyst estimates of $842.50 million. During the same period last year, the company posted $0.92 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts anticipate that AptarGroup, Inc. will post 5.34 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, April 24th. AptarGroup’s dividend payout ratio (DPR) is presently 35.19%.

Insider Activity at AptarGroup

In other AptarGroup news, insider Hedi Tlili sold 4,634 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $145.09, for a total transaction of $672,347.06. Following the completion of the sale, the insider now directly owns 9,379 shares in the company, valued at $1,360,799.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other AptarGroup news, insider Hedi Tlili sold 4,634 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total transaction of $672,347.06. Following the transaction, the insider now owns 9,379 shares in the company, valued at $1,360,799.11. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the sale, the chief executive officer now directly owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,134 shares of company stock worth $5,990,627. Company insiders own 1.00% of the company’s stock.

Institutional Trading of AptarGroup

A number of hedge funds have recently made changes to their positions in ATR. Duality Advisers LP grew its holdings in AptarGroup by 139.0% during the 1st quarter. Duality Advisers LP now owns 14,187 shares of the industrial products company’s stock valued at $2,041,000 after purchasing an additional 8,251 shares in the last quarter. Delaney Dennis R boosted its position in AptarGroup by 0.3% in the 1st quarter. Delaney Dennis R now owns 45,649 shares of the industrial products company’s stock valued at $6,568,000 after buying an additional 155 shares during the last quarter. Broderick Brian C grew its stake in shares of AptarGroup by 4.1% during the first quarter. Broderick Brian C now owns 83,803 shares of the industrial products company’s stock valued at $12,058,000 after acquiring an additional 3,289 shares in the last quarter. Hemenway Trust Co LLC increased its position in shares of AptarGroup by 2.0% during the first quarter. Hemenway Trust Co LLC now owns 231,512 shares of the industrial products company’s stock worth $33,312,000 after acquiring an additional 4,589 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its stake in shares of AptarGroup by 1.7% in the first quarter. Texas Permanent School Fund Corp now owns 57,776 shares of the industrial products company’s stock worth $8,313,000 after acquiring an additional 951 shares in the last quarter. Hedge funds and other institutional investors 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.