AptarGroup (NYSE:ATR) Hits New 52-Week High at $155.40

Shares of AptarGroup, Inc. (NYSE:ATR) reached a new 52-week high on Tuesday . The company traded as high as $155.40 and last traded at $154.21, with a volume of 34081 shares. The stock had previously closed at $152.99.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upped their target price on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th.

AptarGroup Price Performance

The firm has a market capitalization of $10.16 billion, a PE ratio of 32.81, a P/E/G ratio of 3.11 and a beta of 0.57. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average price of $147.31 and a two-hundred day moving average price of $145.07.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. The company had revenue of $910.10 million during the quarter, compared to analysts’ expectations of $930.15 million. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 earnings per share. Sell-side analysts forecast that AptarGroup, Inc. will post 5.36 earnings per share for the current year.

AptarGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th were paid a $0.45 dividend. The ex-dividend date was Thursday, July 25th. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. AptarGroup’s payout ratio is currently 38.63%.

Insider Activity

In related news, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the transaction, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $25,692,852.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the completion of the sale, the chief executive officer now owns 174,118 shares in the company, valued at $25,692,852.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hedi Tlili sold 1,375 shares of AptarGroup stock in a transaction on Friday, September 13th. The shares were sold at an average price of $152.54, for a total transaction of $209,742.50. Following the completion of the transaction, the insider now owns 9,379 shares in the company, valued at $1,430,672.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,457 shares of company stock valued at $7,314,030. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in AptarGroup in the 2nd quarter valued at approximately $1,087,000. Quarry LP lifted its holdings in shares of AptarGroup by 77.5% in the 2nd quarter. Quarry LP now owns 735 shares of the industrial products company’s stock valued at $103,000 after buying an additional 321 shares during the period. Creative Planning boosted its stake in shares of AptarGroup by 13.9% in the second quarter. Creative Planning now owns 3,422 shares of the industrial products company’s stock valued at $482,000 after buying an additional 417 shares in the last quarter. Algert Global LLC grew its holdings in AptarGroup by 40.4% during the second quarter. Algert Global LLC now owns 23,154 shares of the industrial products company’s stock worth $3,260,000 after acquiring an additional 6,664 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in AptarGroup by 25.6% during the second quarter. Mackenzie Financial Corp now owns 4,710 shares of the industrial products company’s stock worth $663,000 after acquiring an additional 960 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Company Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.