AptarGroup, Inc. (NYSE:ATR) Insider Gael Touya Sells 3,300 Shares

AptarGroup, Inc. (NYSE:ATR - Get Free Report) insider Gael Touya sold 3,300 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $152.62, for a total value of $503,646.00. Following the transaction, the insider now directly owns 33,963 shares of the company's stock, valued at approximately $5,183,433.06. This trade represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

AptarGroup Price Performance

NYSE:ATR traded up $2.33 during trading hours on Thursday, hitting $154.25. 337,231 shares of the company's stock traded hands, compared to its average volume of 315,290. The firm has a market cap of $10.19 billion, a P/E ratio of 27.84, a P/E/G ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a 52 week low of $130.85 and a 52 week high of $178.03. The business's fifty day simple moving average is $150.41 and its two-hundred day simple moving average is $153.40. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28.

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

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. AptarGroup's payout ratio is 32.85%.

Institutional Investors Weigh In On AptarGroup

A number of large investors have recently added to or reduced their stakes in ATR. Empowered Funds LLC raised its position in AptarGroup by 5.2% during the fourth quarter. Empowered Funds LLC now owns 2,164 shares of the industrial products company's stock valued at $340,000 after purchasing an additional 107 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in AptarGroup during the fourth quarter valued at about $42,000. Portfolio Design Labs LLC raised its position in AptarGroup by 147.6% during the fourth quarter. Portfolio Design Labs LLC now owns 5,501 shares of the industrial products company's stock valued at $864,000 after purchasing an additional 3,279 shares in the last quarter. TCV Trust & Wealth Management Inc. purchased a new stake in AptarGroup during the fourth quarter valued at about $236,000. Finally, Louisiana State Employees Retirement System raised its position in AptarGroup by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the industrial products company's stock valued at $2,906,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.

Wall Street Analysts Forecast Growth

ATR has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $170.00 price target (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Raymond James cut their price target on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $178.60.

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.