AptarGroup (NYSE:ATR) Hits New 52-Week High at $148.51

AptarGroup, Inc. (NYSE:ATR)’s stock price hit a new 52-week high on Friday . The company traded as high as $148.51 and last traded at $145.86, with a volume of 41215 shares changing hands. The stock had previously closed at $140.18.

Analyst Ratings Changes

ATR has been the topic of several recent research reports. Wells Fargo & Company raised their price target on AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Robert W. Baird upgraded AptarGroup from a “neutral” rating to an “outperform” rating and raised their price target for the company from $125.00 to $150.00 in a report on Wednesday, January 3rd.

AptarGroup Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.24 and a debt-to-equity ratio of 0.29. The stock has a market cap of $9.48 billion, a P/E ratio of 30.76, a PEG ratio of 3.85 and a beta of 0.59. The stock has a fifty day simple moving average of $140.97 and a 200-day simple moving average of $132.13.

AptarGroup (NYSE:ATR) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. AptarGroup had a return on equity of 15.26% and a net margin of 8.83%. The firm had revenue of $838.48 million for the quarter, compared to analysts’ expectations of $842.50 million. During the same quarter last year, the business earned $0.92 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. Equities analysts expect that AptarGroup, Inc. will post 5.21 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, April 24th. AptarGroup’s dividend payout ratio (DPR) is currently 35.19%.

Insiders Place Their Bets

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares in the company, valued at $22,528,930.08. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total transaction of $284,900.00. Following the transaction, the director now owns 9,648 shares in the company, valued at approximately $1,374,357.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $141.67, for a total value of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,500 shares of company stock worth $5,318,280. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On AptarGroup

Several institutional investors have recently modified their holdings of the business. Albert D Mason Inc. raised its position in AptarGroup by 0.8% in the 1st quarter. Albert D Mason Inc. now owns 10,257 shares of the industrial products company’s stock valued at $1,476,000 after buying an additional 77 shares during the last quarter. Picton Mahoney Asset Management raised its position in AptarGroup by 9.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 1,210 shares of the industrial products company’s stock valued at $152,000 after buying an additional 100 shares during the last quarter. State of Michigan Retirement System raised its position in AptarGroup by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company’s stock valued at $1,954,000 after buying an additional 100 shares during the last quarter. Fulton Bank N.A. raised its position in AptarGroup by 4.9% in the 4th quarter. Fulton Bank N.A. now owns 2,230 shares of the industrial products company’s stock valued at $276,000 after buying an additional 105 shares during the last quarter. Finally, Natixis Advisors L.P. raised its position in AptarGroup by 0.4% in the 4th quarter. Natixis Advisors L.P. now owns 24,574 shares of the industrial products company’s stock valued at $3,037,000 after buying an additional 109 shares during the last quarter. 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.