AptarGroup, Inc. (NYSE:ATR) CEO Sells $5,088,000.00 in Stock

AptarGroup, Inc. (NYSE:ATR - Get Free Report) CEO Stephan B. Tanda sold 30,000 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $169.60, for a total transaction of $5,088,000.00. Following the transaction, the chief executive officer now owns 174,118 shares in the company, valued at $29,530,412.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AptarGroup Price Performance

Shares of AptarGroup stock traded down $0.35 on Tuesday, hitting $168.75. 338,097 shares of the company traded hands, compared to its average volume of 293,133. The stock has a market capitalization of $11.18 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36. AptarGroup, Inc. has a 52 week low of $120.85 and a 52 week high of $171.41. The business has a 50-day simple moving average of $157.38 and a 200 day simple moving average of $149.26.

AptarGroup announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 10th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, October 24th. AptarGroup's payout ratio is currently 38.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ATR shares. Dbs Bank upgraded shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company increased their price objective on shares of AptarGroup from $168.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Jefferies Financial Group upgraded shares of AptarGroup from a "hold" rating to a "buy" rating and increased their price objective for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Robert W. Baird increased their price objective on shares of AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Monday. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $195.00.

Institutional Investors Weigh In On AptarGroup

Large investors have recently bought and sold shares of the business. Ballentine Partners LLC boosted its stake in AptarGroup by 2.3% during the third quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company's stock worth $531,000 after buying an additional 76 shares during the period. Fifth Third Bancorp boosted its stake in AptarGroup by 3.6% during the second quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company's stock worth $332,000 after buying an additional 82 shares during the period. Argent Trust Co boosted its stake in AptarGroup by 6.1% during the second quarter. Argent Trust Co now owns 1,685 shares of the industrial products company's stock worth $237,000 after buying an additional 97 shares during the period. Adirondack Trust Co. boosted its stake in AptarGroup by 25.0% during the second quarter. Adirondack Trust Co. now owns 500 shares of the industrial products company's stock worth $70,000 after buying an additional 100 shares during the period. Finally, Fulton Bank N.A. boosted its stake in AptarGroup by 6.0% during the third quarter. Fulton Bank N.A. now owns 2,058 shares of the industrial products company's stock worth $330,000 after buying an additional 117 shares during the period. Institutional investors own 88.52% of the company's stock.

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.