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AptarGroup Declares Dividend of $0.32 per Share

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Jan. 23 2017, Updated 9:08 a.m. ET

Price movement

AptarGroup (ATR) has a market cap of $4.6 billion. It fell 1.0% to close at $72.73 per share on January 19, 2017. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -0.42%, -0.27%, and -0.98%, respectively, on the same day.

ATR is trading 1.1% below its 20-day moving average, 1.5% below its 50-day moving average, and 4.4% below its 200-day moving average.

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Related ETF and peers

The Vanguard S&P Mid-Cap 400 Value ETF (IVOV) invests 0.27% of its holdings in AptarGroup. The YTD price movement of IVOV was 0.29% on January 19.

The market caps of AptarGroup’s competitors are as follows:

  • Sealed Air (SEE) — $9.4 billion
  • Berry Plastics Group (BERY) — $6.2 billion
  • Bemis Company (BMS) — $4.6 billion

ATR declared dividend

AptarGroup declared a quarterly cash dividend of $0.32 per share on its common stock. The dividend will be paid on February 22, 2017, to shareholders of record on February 1, 2017.

Performance of AptarGroup in 3Q16

AptarGroup reported 3Q16 net sales of $589.7 million, a rise of 0.58% compared to $586.3 million in 3Q15. The company’s operating income narrowed 100 basis points in 3Q16 compared to 3Q15.

ATR’s net income and EPS (earnings per share) fell to $53.1 million and $0.82, respectively, in 3Q16, compared to $53.2 million and $0.83, respectively, in 3Q15. It reported adjusted EPS of $0.82 in both 3Q16 and 3Q15.

AptarGroup’s cash and cash equivalents fell 11.7%, and its inventories rose 9.2% between 4Q15 and 3Q16.

The company expects EPS of $0.63–$0.68 for fiscal 4Q16, excluding the impact of the timing of costs incurred and any insurance-related reimbursements from the fire in its facility at Annecy, France.

Next, we’ll look at PACCAR (PCAR).

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