Salim Haffar Sells 18,130 Shares of AptarGroup, Inc. (ATR) Stock
AptarGroup, Inc. (NYSE:ATR) insider Salim Haffar sold 18,130 shares of AptarGroup stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $86.49, for a total transaction of $1,568,063.70. Following the sale, the insider now owns 39,556 shares of the company’s stock, valued at $3,421,198.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
AptarGroup, Inc. (ATR) traded up 1.18% on Tuesday, hitting $87.16. 209,196 shares of the stock were exchanged. The company’s 50-day moving average is $87.36 and its 200-day moving average is $84.88. AptarGroup, Inc. has a 52 week low of $70.32 and a 52 week high of $90.79. The company has a market cap of $5.47 billion, a PE ratio of 25.64 and a beta of 0.96.
AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The firm had revenue of $624.33 million during the quarter, compared to analyst estimates of $599.31 million. During the same period last year, the company posted $0.82 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that AptarGroup, Inc. will post $3.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, October 31st. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.
A number of research firms have weighed in on ATR. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $78.00 target price on shares of AptarGroup in a report on Thursday, August 31st. BidaskClub cut shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and lifted their target price for the company from $70.00 to $77.00 in a report on Monday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $92.00 target price on shares of AptarGroup in a report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $84.57.
Several institutional investors and hedge funds have recently bought and sold shares of ATR. Great Lakes Advisors LLC raised its stake in shares of AptarGroup by 0.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 5,683 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 20 shares in the last quarter. Coldstream Capital Management Inc. increased its position in AptarGroup by 1.1% in the 2nd quarter. Coldstream Capital Management Inc. now owns 2,805 shares of the industrial products company’s stock worth $244,000 after buying an additional 30 shares during the period. Citigroup Inc. increased its position in AptarGroup by 0.5% in the 2nd quarter. Citigroup Inc. now owns 6,323 shares of the industrial products company’s stock worth $549,000 after buying an additional 34 shares during the period. Advisory Services Network LLC increased its position in AptarGroup by 1.1% in the 2nd quarter. Advisory Services Network LLC now owns 4,464 shares of the industrial products company’s stock worth $388,000 after buying an additional 50 shares during the period. Finally, Advisor Partners LLC increased its position in AptarGroup by 0.8% in the 2nd quarter. Advisor Partners LLC now owns 6,875 shares of the industrial products company’s stock worth $597,000 after buying an additional 53 shares during the period. 92.39% of the stock is owned by institutional investors.
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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