CRYSTAL LAKE, IL — Marc Prieur, the Segment President at AptarGroup, Inc. (NYSE:ATR), recently sold a portion of his holdings in the company. According to a recent SEC filing, Prieur sold 852 shares of AptarGroup common stock on November 12, 2024, at an average price of $175.7859 per share. This sale amounted to a total value of approximately $149,769.
In addition to the stock sale, Prieur also exercised stock options to acquire 2,000 shares at a price of $74.79 each. Following these transactions, Prieur holds 13,764 shares of AptarGroup common stock directly.
AptarGroup, a leading provider of a broad range of innovative dispensing, sealing, and active packaging solutions, is headquartered in Crystal Lake, Illinois.
In other recent news, AptarGroup Inc (NYSE:ATR). has been the subject of attention from Baird, which has lifted its stock target to $185 from the previous target of $170, maintaining an outperform rating on the stock. This decision is based on the company's potential for high-quality double-digit earnings growth and growth within the Pharmaceuticals sector. Further factors include cost reduction initiatives in its Packaging (NYSE:PKG) division and capital allocation options that could strengthen its financial position.
The company's recent third-quarter performance showed a 2% core sales growth and a 6% year-over-year increase in adjusted earnings per share (EPS) to $1.49. Notably, AptarGroup's Pharma segment saw a 12% core sales growth, largely due to demand for proprietary drug delivery systems. The company also announced the purchase of SipNose's technology assets, enhancing its intranasal delivery capabilities, and a significant capacity expansion in New York.
In other developments, the company's adjusted EBITDA margin reached 36%, and the free cash flow for the first nine months of 2024 more than doubled to $255 million. The full-year adjusted EPS forecast is expected to be between $5.34 to $5.42. Additionally, AptarGroup announced the retirement of CFO Bob, with Vanessa Kanu set to succeed him. These are the recent developments with AptarGroup, highlighting its strong financial performance and strategic acquisitions.
InvestingPro Insights
Recent data from InvestingPro sheds additional light on AptarGroup's financial position and market performance. The company's market capitalization stands at $11.68 billion, reflecting its significant presence in the packaging solutions industry. AptarGroup's P/E ratio of 34.52 suggests that investors are willing to pay a premium for the company's earnings, possibly due to its strong market position and growth prospects.
One of the most notable InvestingPro Tips for AptarGroup is that the company has raised its dividend for 32 consecutive years. This impressive track record of dividend growth aligns with the company's stable financial performance and may be particularly relevant to investors seeking consistent income. The current dividend yield is 1.03%, with a dividend growth rate of 9.76% over the last twelve months.
Another InvestingPro Tip indicates that AptarGroup operates with a moderate level of debt, which is a positive sign for the company's financial health. This conservative approach to leverage may provide the company with financial flexibility to pursue growth opportunities or navigate economic uncertainties.
The stock's recent performance has been strong, with a 22.29% price total return over the past three months. This aligns with another InvestingPro Tip suggesting that the stock is trading near its 52-week high, currently at 98.58% of that level.
For investors interested in a more comprehensive analysis, InvestingPro offers 13 additional tips for AptarGroup, providing a deeper understanding of the company's financial position and market outlook.
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