AptarGroup, Inc. (ATR) Insider Sells $1,380,527.61 in Stock
AptarGroup, Inc. (NYSE:ATR) insider Salim Haffar sold 16,667 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $82.83, for a total value of $1,380,527.61. Following the completion of the sale, the insider now directly owns 38,093 shares of the company’s stock, valued at $3,155,243.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Salim Haffar also recently made the following trade(s):
- On Monday, March 13th, Salim Haffar sold 21,167 shares of AptarGroup stock. The shares were sold at an average price of $76.43, for a total value of $1,617,793.81.
Shares of AptarGroup, Inc. (NYSE:ATR) traded up 0.42% during midday trading on Tuesday, hitting $83.19. The company had a trading volume of 204,255 shares. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 25.13 and a beta of 0.97. AptarGroup, Inc. has a 12 month low of $70.32 and a 12 month high of $83.66. The stock’s 50-day moving average price is $79.51 and its 200-day moving average price is $75.71.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The firm had revenue of $601.30 million during the quarter, compared to the consensus estimate of $591.69 million. AptarGroup had a return on equity of 16.27% and a net margin of 8.82%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. On average, equities research analysts forecast that AptarGroup, Inc. will post $3.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Wednesday, May 3rd will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, May 1st. This represents a $1.28 dividend on an annualized basis and a yield of 1.54%. AptarGroup’s payout ratio is currently 40.38%.
A number of hedge funds and other institutional investors have recently modified their holdings of ATR. BlackRock Inc. increased its position in shares of AptarGroup by 5,710.7% in the first quarter. BlackRock Inc. now owns 5,086,882 shares of the industrial products company’s stock worth $391,639,000 after buying an additional 4,999,339 shares during the last quarter. Norges Bank acquired a new position in shares of AptarGroup during the fourth quarter worth about $33,791,000. State Street Corp raised its position in shares of AptarGroup by 12.5% in the first quarter. State Street Corp now owns 3,400,146 shares of the industrial products company’s stock worth $261,776,000 after buying an additional 377,227 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of AptarGroup by 617.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 414,123 shares of the industrial products company’s stock worth $31,883,000 after buying an additional 356,377 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of AptarGroup by 6.4% in the first quarter. Vanguard Group Inc. now owns 5,868,657 shares of the industrial products company’s stock worth $451,828,000 after buying an additional 355,044 shares during the period. Hedge funds and other institutional investors own 89.61% of the company’s stock.
Several equities research analysts recently weighed in on ATR shares. Zacks Investment Research raised AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, February 13th. Jefferies Group LLC decreased their price target on AptarGroup from $79.00 to $77.00 and set a “hold” rating for the company in a report on Sunday, February 12th. Vertical Group downgraded AptarGroup from a “hold” rating to a “sell” rating and increased their price target for the stock from $68.00 to $70.00 in a report on Tuesday, May 2nd. Finally, Vertical Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. AptarGroup currently has an average rating of “Sell” and a consensus target price of $77.00.
AptarGroup Company Profile
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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