Monnas Giovanna Kampouri Sells 1,922 Shares of AptarGroup, Inc. (NYSE:ATR) Stock

AptarGroup, Inc. (NYSE:ATR) Director Monnas Giovanna Kampouri sold 1,922 shares of AptarGroup stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.43, for a total transaction of $277,594.46. Following the completion of the transaction, the director now directly owns 8,839 shares in the company, valued at $1,276,616.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

AptarGroup Price Performance

Shares of ATR traded down $0.69 during trading hours on Wednesday, reaching $143.68. The company had a trading volume of 59,076 shares, compared to its average volume of 298,849. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 12-month low of $120.36 and a 12-month high of $151.73. The firm has a 50 day simple moving average of $144.41 and a 200-day simple moving average of $142.66. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 3.03 and a beta of 0.57.

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

AptarGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, July 25th. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 1.25%. AptarGroup’s payout ratio is currently 38.63%.

Institutional Trading of AptarGroup

Several large investors have recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of AptarGroup in the 1st quarter worth about $25,000. Global Retirement Partners LLC grew its position in shares of AptarGroup by 8,850.0% in the first quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 177 shares during the last quarter. Blue Trust Inc. increased its stake in shares of AptarGroup by 281.0% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 177 shares in the last quarter. Gradient Investments LLC purchased a new stake in AptarGroup in the 2nd quarter valued at approximately $40,000. Finally, Versant Capital Management Inc increased its position in AptarGroup by 4,983.3% during the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after buying an additional 299 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Analysts Set New Price Targets

ATR has been the subject of several recent research reports. William Blair upgraded shares of AptarGroup from a “market perform” rating to an “outperform” rating in a research note on Monday, April 29th. Wells Fargo & Company increased their target price on AptarGroup from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, Robert W. Baird raised their price target on AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 29th.

About AptarGroup

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.