AptarGroup CEO Sells $1,335,000 in Stock (ATR)
AptarGroup (NYSE:ATR) CEO Stephen J. Hagge sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $66.75, for a total value of $1,335,000.00. Following the completion of the transaction, the chief executive officer now directly owns 58,381 shares in the company, valued at approximately $3,896,932. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
AptarGroup (NYSE:ATR) traded down 0.55% during mid-day trading on Wednesday, hitting $66.75. 99,938 shares of the company’s stock traded hands. AptarGroup has a 52-week low of $54.13 and a 52-week high of $68.78. The stock’s 50-day moving average is $65.68 and its 200-day moving average is $65.0. The company has a market cap of $4.370 billion and a price-to-earnings ratio of 25.42.
AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, April 24th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.03. The company had revenue of $676.05 million for the quarter, compared to the consensus estimate of $657.82 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts predict that AptarGroup will post $3.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 21st. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Monday, April 28th. This is a boost from AptarGroup’s previous quarterly dividend of $0.25.
ATR has been the subject of a number of recent research reports. Analysts at Macquarie raised their price target on shares of AptarGroup from $64.00 to $67.00 in a research note on Monday. Analysts at Zacks reiterated a “neutral” rating on shares of AptarGroup in a research note on Tuesday, March 25th. They now have a $67.00 price target on the stock.
AptarGroup, Inc, is a global solution provider of a range of packaging delivery solutions primarily for the beauty, personal care, home care, pharmaceutical, food and beverage markets.
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