Insider Selling: AptarGroup, Inc. (NYSE:ATR) Insider Sells 1,660 Shares of Stock

AptarGroup, Inc. (NYSE:ATR) insider Shiela Vinczeller sold 1,660 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $151.15, for a total transaction of $250,909.00. Following the transaction, the insider now owns 22,651 shares of the company’s stock, valued at approximately $3,423,698.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AptarGroup Stock Up 0.6 %

Shares of ATR traded up $0.96 during midday trading on Tuesday, reaching $151.12. The stock had a trading volume of 98,560 shares, compared to its average volume of 295,797. The company’s fifty day simple moving average is $144.78 and its two-hundred day simple moving average is $143.72. AptarGroup, Inc. has a 1-year low of $120.36 and a 1-year high of $152.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.95. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 3.03 and a beta of 0.57.

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

AptarGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, July 25th. AptarGroup’s payout ratio is 38.63%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of 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 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. Finally, William Blair upgraded shares of AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in AptarGroup by 41.8% during the fourth quarter. Signaturefd LLC now owns 699 shares of the industrial products company’s stock worth $86,000 after buying an additional 206 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of AptarGroup in the fourth quarter valued at about $61,000. Truist Financial Corp lifted its holdings in shares of AptarGroup by 2.2% in the fourth quarter. Truist Financial Corp now owns 23,243 shares of the industrial products company’s stock valued at $2,873,000 after purchasing an additional 500 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of AptarGroup in the fourth quarter valued at about $236,000. Finally, ICW Investment Advisors LLC lifted its stake in shares of AptarGroup by 1.6% during the fourth quarter. ICW Investment Advisors LLC now owns 7,891 shares of the industrial products company’s stock valued at $975,000 after buying an additional 127 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

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.