AptarGroup, Inc. (NYSE:ATR) CFO Robert Kuhn Sells 200 Shares of Stock

AptarGroup, Inc. (NYSE:ATR) CFO Robert Kuhn sold 200 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $150.18, for a total value of $30,036.00. Following the sale, the chief financial officer now owns 65,552 shares of the company’s stock, valued at approximately $9,844,599.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AptarGroup Stock Performance

Shares of ATR opened at $150.54 on Friday. AptarGroup, Inc. has a 12 month low of $120.36 and a 12 month high of $151.73. The stock has a fifty day moving average price of $144.70 and a 200-day moving average price of $143.42. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market cap of $9.98 billion, a PE ratio of 32.30, a P/E/G ratio of 3.03 and a beta of 0.57.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $910.10 million for the quarter, compared to the consensus estimate of $930.15 million. During the same period in the prior year, the firm earned $1.23 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. Equities research analysts predict that AptarGroup, Inc. will post 5.36 earnings per share for the current fiscal year.

AptarGroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th were given a dividend of $0.45 per share. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, July 25th. AptarGroup’s dividend payout ratio (DPR) is currently 38.63%.

Institutional Investors Weigh In On AptarGroup

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale grew its position in AptarGroup by 9.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,607 shares of the industrial products company’s stock worth $2,532,000 after purchasing an additional 1,583 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of AptarGroup by 167.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,690 shares of the industrial products company’s stock valued at $957,000 after acquiring an additional 4,186 shares during the period. First Financial Bank Trust Division acquired a new stake in shares of AptarGroup during the 1st quarter valued at about $3,038,000. Wells Fargo & Company MN grew its position in shares of AptarGroup by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 109,060 shares of the industrial products company’s stock valued at $13,482,000 after acquiring an additional 5,295 shares during the period. Finally, National Bank of Canada FI grew its position in shares of AptarGroup by 6,677.5% during the 4th quarter. National Bank of Canada FI now owns 25,348 shares of the industrial products company’s stock valued at $3,115,000 after acquiring an additional 24,974 shares during the period. 88.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ATR shares. Robert W. Baird upped their target price on AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Wells Fargo & Company upped their target price on AptarGroup from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, William Blair upgraded AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th.

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.