Insider Selling: Peter Pfeiffer Unloads 140,000 Shares of AptarGroup Stock (ATR)
AptarGroup (NYSE:ATR) Director Peter Pfeiffer unloaded 140,000 shares of AptarGroup stock on the open market in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $67.01, for a total value of $9,381,400.00. Following the sale, the director now directly owns 978,622 shares of the company’s stock, valued at approximately $65,577,460. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of AptarGroup (NYSE:ATR) traded down 1.20% during mid-day trading on Thursday, hitting $65.98. 120,710 shares of the company’s stock traded hands. AptarGroup has a one year low of $54.13 and a one year high of $68.78. The stock’s 50-day moving average is $66.29 and its 200-day moving average is $65.3. The company has a market cap of $4.319 billion and a P/E ratio of 25.30.
AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, April 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts expect that AptarGroup will post $3.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 21st. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Monday, April 28th. This is a positive change 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, April 28th. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.