AptarGroup, Inc. (NYSE:ATR) to Issue Quarterly Dividend of $0.41

AptarGroup, Inc. (NYSE:ATR - Get Free Report) declared a quarterly dividend on Thursday, April 11th, RTT News reports. Shareholders of record on Thursday, April 25th will be given a dividend of 0.41 per share by the industrial products company on Thursday, May 16th. This represents a $1.64 annualized dividend and a dividend yield of 1.18%.

AptarGroup has increased its dividend by an average of 3.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. AptarGroup has a dividend payout ratio of 28.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect AptarGroup to earn $5.76 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 28.5%.

AptarGroup Price Performance

Shares of NYSE ATR traded down $0.27 during mid-day trading on Thursday, reaching $139.13. The company had a trading volume of 265,035 shares, compared to its average volume of 306,875. The company has a 50-day moving average price of $139.47 and a two-hundred day moving average price of $130.84. The stock has a market cap of $9.21 billion, a PE ratio of 32.78, a P/E/G ratio of 3.85 and a beta of 0.59. The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. AptarGroup has a 1-year low of $111.63 and a 1-year high of $145.35.

AptarGroup (NYSE:ATR - Get Free Report) last released 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 business had revenue of $838.48 million during the quarter, compared to analyst estimates of $842.50 million. During the same quarter last year, the company posted $0.92 EPS. AptarGroup's revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities analysts anticipate that AptarGroup will post 5.22 earnings per share for the current year.

Insider Activity at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the transaction, the chief executive officer now directly owns 159,024 shares of the company's stock, valued at approximately $22,528,930.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total value of $284,900.00. Following the completion of the sale, the director now owns 9,648 shares of the company's stock, valued at approximately $1,374,357.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the transaction, the chief executive officer now directly owns 159,024 shares in the company, valued at $22,528,930.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,500 shares of company stock valued at $5,318,280. Insiders own 1.00% of the company's stock.

Institutional Trading of AptarGroup

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in shares of AptarGroup in the 4th quarter valued at approximately $439,000. Price T Rowe Associates Inc. MD grew its holdings in AptarGroup by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,246 shares of the industrial products company's stock valued at $4,110,000 after purchasing an additional 1,547 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in AptarGroup during the fourth quarter valued at approximately $384,000. Harbour Investments Inc. bought a new position in shares of AptarGroup in the fourth quarter valued at approximately $74,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of AptarGroup by 2.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 27,395 shares of the industrial products company's stock worth $3,387,000 after buying an additional 749 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on ATR shares. Robert W. Baird upgraded shares of AptarGroup from a "neutral" rating to an "outperform" rating and upped their price target for the company from $125.00 to $150.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company upped their price target on AptarGroup from $157.00 to $160.00 and gave the company an "overweight" rating in a research report on Thursday, March 7th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.