AptarGroup (NYSE:ATR) Posts Earnings Results, Beats Estimates By $0.09 EPS

AptarGroup (NYSE:ATRGet Free Report) released its quarterly earnings data on Friday. The industrial products company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09, RTT News reports. AptarGroup had a net margin of 8.16% and a return on equity of 14.46%. The company had revenue of $838.48 million for the quarter, compared to analyst estimates of $842.50 million. During the same period in the previous year, the business earned $0.92 EPS. AptarGroup’s revenue for the quarter was up 5.3% compared to the same quarter last year.

AptarGroup Stock Performance

ATR opened at $138.96 on Monday. The firm has a market cap of $9.14 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 3.90 and a beta of 0.58. AptarGroup has a 52-week low of $107.89 and a 52-week high of $139.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.24. The business’s fifty day moving average is $127.86 and its 200-day moving average is $126.08.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Wednesday, January 31st. AptarGroup’s dividend payout ratio (DPR) is currently 38.59%.

Insider Transactions at AptarGroup

In other AptarGroup news, insider Marc Prieur sold 3,200 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $126.24, for a total transaction of $403,968.00. Following the completion of the transaction, the insider now directly owns 13,828 shares in the company, valued at $1,745,646.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Marc Prieur sold 3,200 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $126.24, for a total value of $403,968.00. Following the sale, the insider now owns 13,828 shares of the company’s stock, valued at $1,745,646.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,387 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $128.38, for a total transaction of $306,443.06. Following the completion of the sale, the director now directly owns 11,648 shares in the company, valued at approximately $1,495,370.24. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AptarGroup

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new position in shares of AptarGroup during the 2nd quarter worth about $228,000. CIBC Asset Management Inc acquired a new stake in shares of AptarGroup in the 1st quarter worth about $226,000. Advisor Partners II LLC acquired a new stake in shares of AptarGroup in the 1st quarter worth about $213,000. Sound View Wealth Advisors Group LLC acquired a new stake in shares of AptarGroup in the 1st quarter worth about $211,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of AptarGroup by 55.4% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,775 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 633 shares during the last quarter. Institutional investors own 88.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upgraded AptarGroup from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $125.00 to $150.00 in a research note on Wednesday, January 3rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $146.25.

Read Our Latest Stock Report on ATR

About AptarGroup

(Get Free Report)

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 three segments: Aptar Pharma, Aptar Beauty, and Aptar Closures.

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Earnings History for AptarGroup (NYSE:ATR)

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