The AptarGroup Inc. Plans Quarterly Dividend of $0.32 (ATR)

The AptarGroup Inc. Plans Quarterly Dividend of $0.32 (ATR)

AptarGroup Inc. (NYSE:ATR) declared a quarterly dividend on Thursday, January 19th. Stockholders of record on Wednesday, February 1st will be paid a dividend of 0.32 per share on Wednesday, February 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.76%.

Shares of AptarGroup (NYSE:ATR) traded down 1.02% on Thursday, hitting $72.73. 374,690 shares of the stock traded hands. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 23.61 and a beta of 0.95. The company’s 50 day moving average is $73.62 and its 200 day moving average is $76.09. AptarGroup has a one year low of $66.64 and a one year high of $81.50.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.83 by $0.01. AptarGroup had a return on equity of 16.23% and a net margin of 8.53%. The business earned $590 million during the quarter, compared to the consensus estimate of $608.32 million. During the same quarter last year, the firm posted $0.83 earnings per share. AptarGroup’s revenue was up .6% compared to the same quarter last year. On average, equities analysts forecast that AptarGroup will post $3.10 EPS for the current year.

In other AptarGroup news, Director Peter Pfeiffer sold 30,000 shares of AptarGroup stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $75.24, for a total transaction of $2,257,200.00. Following the transaction, the director now owns 896,102 shares of the company’s stock, valued at approximately $67,422,714.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in ATR. Quantitative Systematic Strategies LLC acquired a new position in AptarGroup during the third quarter valued at $298,000. Ameritas Investment Partners Inc. boosted its position in AptarGroup by 89.9% in the third quarter. Ameritas Investment Partners Inc. now owns 18,966 shares of the company’s stock valued at $1,468,000 after buying an additional 8,980 shares during the period. The Manufacturers Life Insurance Company acquired a new position in AptarGroup during the third quarter valued at $6,674,000. UBS Group AG boosted its position in AptarGroup by 4.7% in the third quarter. UBS Group AG now owns 35,946 shares of the company’s stock valued at $2,783,000 after buying an additional 1,606 shares during the period. Finally, United Services Automobile Association boosted its position in AptarGroup by 3.0% in the third quarter. United Services Automobile Association now owns 6,090 shares of the company’s stock valued at $471,000 after buying an additional 180 shares during the period. 88.66% of the stock is currently owned by institutional investors.

Several equities research analysts have commented on ATR shares. Vertical Group upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Monday, October 31st. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Monday, October 31st. Jefferies Group reiterated a “hold” rating and issued a $83.00 price target on shares of AptarGroup in a research report on Thursday, October 20th. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Wednesday, December 28th. Finally, Bank of America Corp. cut shares of AptarGroup from a “buy” rating to an “underperform” rating in a research report on Wednesday, December 7th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $83.50.

AptarGroup Company Profile

AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.

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