AptarGroup, Inc. (ATR) Insider Sells $1,380,527.61 in Stock
AptarGroup, Inc. (NYSE:ATR) insider Salim Haffar sold 16,667 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $82.83, for a total transaction of $1,380,527.61. Following the completion of the sale, the insider now owns 38,093 shares in the company, valued at $3,155,243.19. The sale was disclosed in a document filed with the SEC, which is available at this link.
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 transaction of $1,617,793.81.
AptarGroup, Inc. (NYSE:ATR) traded down 0.32% during mid-day trading on Friday, hitting $85.95. 450,842 shares of the stock traded hands. The stock has a 50-day moving average of $83.63 and a 200 day moving average of $77.15. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 25.96 and a beta of 0.96. AptarGroup, Inc. has a 1-year low of $70.32 and a 1-year high of $87.09.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, April 27th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. The company had revenue of $601.30 million during the quarter, compared to analyst estimates of $591.69 million. AptarGroup had a return on equity of 16.58% and a net margin of 9.09%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 EPS. On average, equities analysts expect that AptarGroup, Inc. will post $3.42 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 3rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, May 1st. This represents a $1.28 annualized dividend and a dividend yield of 1.49%. AptarGroup’s payout ratio is currently 38.67%.
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Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its position in AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock valued at $137,000 after buying an additional 30 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock valued at $178,000 after buying an additional 335 shares during the period. Independent Portfolio Consultants Inc. boosted its position in AptarGroup by 11.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company’s stock valued at $179,000 after buying an additional 240 shares during the period. Huntington National Bank boosted its position in AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company’s stock valued at $202,000 after buying an additional 117 shares during the period. Finally, Thompson Investment Management Inc. acquired a new position in AptarGroup during the first quarter valued at $204,000. Institutional investors own 90.02% of the company’s stock.
A number of research analysts recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $77.00 target price on shares of AptarGroup in a research report on Thursday, June 8th. Vertical Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Vertical Group downgraded shares of AptarGroup from a “hold” rating to a “sell” rating and raised their price objective for the stock from $68.00 to $70.00 in a research report on Tuesday, May 2nd. Finally, Zacks Investment Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Monday, April 17th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus 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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