AptarGroup, Inc. (NYSE:ATR – Get Free Report) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.50 per share by the industrial products company on Thursday, December 3rd. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, November 12th. This is a 4.2% increase from AptarGroup’s previous quarterly dividend of $0.48.
AptarGroup has a dividend payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Analysts expect AptarGroup to earn $6.10 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 32.8%.
AptarGroup Price Performance
Shares of ATR stock opened at $144.04 on Tuesday. The stock has a 50 day moving average of $127.06 and a two-hundred day moving average of $127.59. The company has a current ratio of 1.50, a quick ratio of 1.03 and a debt-to-equity ratio of 0.39. AptarGroup has a 12 month low of $110.95 and a 12 month high of $148.63. The company has a market capitalization of $9.13 billion, a P/E ratio of 27.30, a P/E/G ratio of 4.29 and a beta of 0.33.
AptarGroup (NYSE:ATR – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.05. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $980.76 million. AptarGroup had a return on equity of 13.11% and a net margin of 6.69%. AptarGroup’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 earnings per share. As a group, equities analysts expect that AptarGroup will post 5.54 EPS for the current year.
Insider Transactions at AptarGroup
In other AptarGroup news, insider Shiela Vinczeller sold 765 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $130.37, for a total value of $99,733.05. Following the transaction, the insider directly owned 26,313 shares in the company, valued at $3,430,425.81. The trade was a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gael Touya sold 3,740 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $133.76, for a total transaction of $500,262.40. Following the sale, the chief executive officer directly owned 29,102 shares in the company, valued at $3,892,683.52. This represents a 11.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.73% of the company’s stock.
Institutional Investors Weigh In On AptarGroup
Large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in AptarGroup in the 2nd quarter valued at $768,464,000. Dimensional Fund Advisors LP increased its position in AptarGroup by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,504,473 shares of the industrial products company’s stock worth $189,581,000 after purchasing an additional 203,672 shares during the period. Atlas FRM LLC bought a new stake in AptarGroup during the 2nd quarter worth about $83,884,000. First Trust Advisors LP lifted its position in AptarGroup by 42.6% during the 1st quarter. First Trust Advisors LP now owns 538,554 shares of the industrial products company’s stock valued at $67,868,000 after purchasing an additional 160,763 shares during the period. Finally, Bank of America Corp DE lifted its position in AptarGroup by 7.2% during the 1st quarter. Bank of America Corp DE now owns 485,718 shares of the industrial products company’s stock valued at $61,210,000 after purchasing an additional 32,420 shares during the period. 88.52% of the stock is currently owned by institutional investors.
About AptarGroup
AptarGroup is a global provider of dispensing, packaging and drug-delivery solutions. Its products include pumps, aerosol valves, sprayers, closures and other components used to package and dispense products.
The company serves customers in the pharmaceutical, beauty, personal care, food and beverage markets. Its pharmaceutical offerings include systems and components for delivering medicines through nasal, inhaled, ophthalmic and injectable applications, while its packaging solutions help consumer brands dispense and protect products.
Founded in 1992, AptarGroup serves customers around the world through manufacturing and commercial operations in multiple regions.
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