Insider Selling: AptarGroup, Inc. (NYSE:ATR) Insider Sells 3,300 Shares of Stock

AptarGroup, Inc. (NYSE:ATR) insider Gael Touya sold 3,300 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the transaction, the insider now owns 32,165 shares in the company, valued at $4,876,857.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

AptarGroup Stock Up 0.7 %

ATR stock opened at $151.93 on Friday. The stock’s 50 day simple moving average is $146.86 and its 200 day simple moving average is $144.84. The company has a market cap of $10.07 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 3.14 and a beta of 0.57. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36. AptarGroup, Inc. has a fifty-two week low of $120.36 and a fifty-two week high of $153.44.

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

AptarGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a dividend of $0.45 per share. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, July 25th. AptarGroup’s dividend payout ratio (DPR) is currently 38.63%.

Institutional Investors Weigh In On AptarGroup

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rise Advisors LLC bought a new position in AptarGroup in the 1st quarter valued at about $25,000. Global Retirement Partners LLC raised its stake in shares of AptarGroup by 8,850.0% in the first quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 177 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of AptarGroup by 281.0% in the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 177 shares in the last quarter. Gradient Investments LLC purchased a new position in shares of AptarGroup during the second quarter valued at approximately $40,000. Finally, Versant Capital Management Inc grew its holdings in AptarGroup by 4,983.3% during the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after buying an additional 299 shares in the last quarter. 88.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased their target price on shares of AptarGroup from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th.

About AptarGroup

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.