AptarGroup (NYSE:ATR) Hits New 1-Year High at $148.51

AptarGroup, Inc. (NYSE:ATR - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $148.51 and last traded at $145.86, with a volume of 41215 shares trading hands. The stock had previously closed at $140.18.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Robert W. Baird raised AptarGroup from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $125.00 to $150.00 in a report on Wednesday, January 3rd. Wells Fargo & Company boosted their target price on AptarGroup from $157.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, March 7th.

AptarGroup Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.24 and a quick ratio of 0.83. The stock has a market capitalization of $9.48 billion, a PE ratio of 33.71, a P/E/G ratio of 3.84 and a beta of 0.59. The stock has a 50 day moving average of $140.85 and a two-hundred day moving average of $131.98.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.09. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The firm had revenue of $838.48 million for the quarter, compared to the consensus estimate of $842.50 million. During the same period in the previous year, the business earned $0.92 earnings per share. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts expect that AptarGroup, Inc. will post 5.21 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.41 per share. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.14%. AptarGroup's payout ratio is 38.59%.

Insiders Place Their Bets

In other AptarGroup news, insider Gael Touya sold 3,500 shares of the business's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $142.84, for a total transaction of $499,940.00. Following the sale, the insider now directly owns 33,426 shares in the company, valued at $4,774,569.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other AptarGroup news, insider Gael Touya sold 3,500 shares of the business's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $142.84, for a total transaction of $499,940.00. Following the sale, the insider now directly owns 33,426 shares in the company, valued at $4,774,569.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the business's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total value of $284,900.00. Following the completion of the transaction, the director now directly owns 9,648 shares of the company's stock, valued at $1,374,357.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,500 shares of company stock worth $5,318,280. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of AptarGroup

A number of large investors have recently made changes to their positions in ATR. CWM LLC boosted its stake in shares of AptarGroup by 39.0% during the third quarter. CWM LLC now owns 467 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 131 shares during the last quarter. Ropes Wealth Advisors LLC lifted its position in AptarGroup by 7.8% during the third quarter. Ropes Wealth Advisors LLC now owns 2,323 shares of the industrial products company's stock worth $290,000 after buying an additional 168 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in AptarGroup by 3.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 194,028 shares of the industrial products company's stock worth $24,261,000 after buying an additional 5,931 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in AptarGroup by 1.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 11,364 shares of the industrial products company's stock worth $1,421,000 after buying an additional 189 shares during the period. Finally, Hanson & Doremus Investment Management lifted its position in AptarGroup by 20.7% during the third quarter. Hanson & Doremus Investment Management now owns 12,797 shares of the industrial products company's stock worth $1,600,000 after buying an additional 2,191 shares during the period. Institutional investors and hedge funds own 88.52% of the company's stock.

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.