AptarGroup Director Unloads $1,420,720 in Stock (ATR)
AptarGroup (NYSE:ATR) Director Alain Chevassus sold 21,500 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $66.08, for a total value of $1,420,720.00. Following the transaction, the director now directly owns 10,500 shares of the company’s stock, valued at approximately $693,840. The transaction was disclosed in a document filed with the SEC, which is available at this link.
AptarGroup (NYSE:ATR) traded up 0.47% during mid-day trading on Friday, hitting $66.41. The stock had a trading volume of 245,045 shares. 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 $66.59 and its 200-day moving average is $65.62. The company has a market cap of $4.347 billion and a price-to-earnings ratio of 25.04.
AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, April 24th. The company reported $0.71 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.64 earnings per share. AptarGroup’s revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that AptarGroup will post $3.04 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ATR shares. Analysts at Bank of America downgraded shares of AptarGroup from a “neutral” rating to an “underperform” rating in a research note on Friday. They now have a $70.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $67.80.
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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