AptarGroup, Inc. (NYSE:ATR) Insider Sells $503,646.00 in Stock

AptarGroup, Inc. (NYSE:ATR - Get Free Report) insider Gael Touya sold 3,300 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $152.62, for a total transaction of $503,646.00. Following the completion of the sale, the insider now directly owns 33,963 shares in the company, valued at approximately $5,183,433.06. This represents a 8.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AptarGroup Stock Performance

Shares of ATR stock traded down $1.76 on Monday, hitting $151.55. The company's stock had a trading volume of 388,353 shares, compared to its average volume of 313,102. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The stock's 50 day moving average is $150.08 and its 200-day moving average is $153.56. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03. The company has a market capitalization of $10.01 billion, a PE ratio of 27.36, a PEG ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. The business had revenue of $887.31 million for the quarter, compared to the consensus estimate of $894.26 million. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. AptarGroup's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 earnings per share. Equities research analysts expect 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 was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 1st were issued a $0.45 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. AptarGroup's dividend payout ratio (DPR) is currently 32.85%.

Wall Street Analysts Forecast Growth

ATR has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $170.00 price target (up from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. Wall Street Zen raised shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Raymond James dropped their price target on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, AptarGroup presently has an average rating of "Buy" and an average price target of $178.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ATR. Norges Bank bought a new position in AptarGroup in the 4th quarter valued at approximately $116,265,000. FMR LLC raised its holdings in AptarGroup by 33.1% in the 4th quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock valued at $389,854,000 after buying an additional 617,365 shares during the last quarter. Bank of America Corp DE raised its holdings in AptarGroup by 297.2% in the 4th quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company's stock valued at $74,312,000 after buying an additional 353,935 shares during the last quarter. Banque Transatlantique SA bought a new position in AptarGroup in the 1st quarter valued at approximately $41,728,000. Finally, Victory Capital Management Inc. raised its holdings in AptarGroup by 12.6% in the 1st quarter. Victory Capital Management Inc. now owns 2,219,191 shares of the industrial products company's stock valued at $329,284,000 after buying an additional 247,519 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.