Atria Investments Inc Purchases 1,283 Shares of AptarGroup, Inc. (NYSE:ATR)

Atria Investments Inc increased its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 42.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,299 shares of the industrial products company’s stock after acquiring an additional 1,283 shares during the quarter. Atria Investments Inc’s holdings in AptarGroup were worth $689,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new stake in shares of AptarGroup in the 3rd quarter valued at about $25,000. UMB Bank n.a. lifted its stake in shares of AptarGroup by 446.5% in the third quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 192 shares during the period. Blue Trust Inc. boosted its holdings in AptarGroup by 281.0% in the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 177 shares during the last quarter. Gradient Investments LLC acquired a new stake in AptarGroup during the 2nd quarter valued at approximately $40,000. Finally, Versant Capital Management Inc raised its holdings in AptarGroup by 4,983.3% during the 2nd quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 299 shares during the last quarter. 88.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other AptarGroup news, CFO Robert Kuhn sold 200 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total transaction of $30,036.00. Following the transaction, the chief financial officer now owns 65,552 shares in the company, valued at approximately $9,844,599.36. This represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shiela Vinczeller sold 1,660 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $151.15, for a total transaction of $250,909.00. Following the completion of the transaction, the insider now directly owns 22,651 shares in the company, valued at $3,423,698.65. This trade represents a 6.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,499 shares of company stock worth $6,393,076. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Trading Up 0.1 %

ATR opened at $166.90 on Wednesday. The company has a fifty day moving average price of $163.54 and a two-hundred day moving average price of $152.46. AptarGroup, Inc. has a 1-year low of $122.29 and a 1-year high of $178.03. The company has a market cap of $11.11 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 2.87 and a beta of 0.57. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

AptarGroup announced that its Board of Directors has approved a stock repurchase program on Thursday, October 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase up to 4.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is currently 36.14%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ATR. 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 report on Monday, October 28th. Wells Fargo & Company boosted their price objective on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and boosted their price target for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AptarGroup currently has a consensus rating of “Buy” and a consensus price target of $195.00.

AptarGroup 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.