Hedi Tlili Sells 3,614 Shares of AptarGroup, Inc. (NYSE:ATR) Stock

AptarGroup, Inc. (NYSE:ATR) insider Hedi Tlili sold 3,614 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $155.96, for a total value of $563,639.44. Following the completion of the transaction, the insider now directly owns 9,379 shares of the company’s stock, valued at approximately $1,462,748.84. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

AptarGroup Stock Up 0.3%

Shares of ATR traded up $0.50 during mid-day trading on Monday, hitting $157.51. 30,731 shares of the company’s stock were exchanged, compared to its average volume of 362,102. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. AptarGroup, Inc. has a 52 week low of $130.85 and a 52 week high of $178.03. The company has a market cap of $10.40 billion, a PE ratio of 28.43, a P/E/G ratio of 3.89 and a beta of 0.58. The company has a 50-day simple moving average of $147.32 and a 200 day simple moving average of $155.15.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.04. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The business had revenue of $887.31 million during the quarter, compared to the consensus estimate of $894.26 million. During the same quarter last year, the firm earned $1.26 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, research analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, May 1st. AptarGroup’s dividend payout ratio is currently 32.85%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ATR. Robert W. Baird decreased their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $170.00 price target (up previously from $162.00) on shares of AptarGroup in a research note on Tuesday, May 6th. Raymond James dropped their price objective on shares of AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com raised shares of AptarGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $178.60.

Institutional Trading of AptarGroup

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Simplex Trading LLC boosted its position in shares of AptarGroup by 107.4% in the first quarter. Simplex Trading LLC now owns 224 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 116 shares during the period. SVB Wealth LLC acquired a new stake in shares of AptarGroup in the first quarter valued at approximately $33,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of AptarGroup by 155.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company’s stock valued at $41,000 after buying an additional 169 shares during the period. Stonebridge Financial Group LLC acquired a new stake in AptarGroup during the fourth quarter worth approximately $42,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in AptarGroup by 281.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 234 shares during the period. 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.