AptarGroup, Inc. (NYSE:ATR) Stake Cut by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 40.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,251 shares of the industrial products company’s stock after selling 2,175 shares during the period. Los Angeles Capital Management LLC’s holdings in AptarGroup were worth $521,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ATR. Capital Performance Advisors LLP acquired a new position in shares of AptarGroup in the 3rd quarter valued at about $25,000. Blue Trust Inc. boosted its stake 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 period. UMB Bank n.a. grew its holdings in shares of AptarGroup by 446.5% during the third quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 192 shares during the last quarter. Gradient Investments LLC acquired a new stake in shares of AptarGroup during the 2nd quarter worth approximately $40,000. Finally, Versant Capital Management Inc lifted its holdings in shares of AptarGroup by 4,983.3% in 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. Institutional investors own 88.52% of the company’s stock.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, CFO Robert Kuhn sold 200 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $150.18, for a total transaction of $30,036.00. Following the completion of the transaction, the chief financial officer now directly owns 65,552 shares of the company’s stock, valued at approximately $9,844,599.36. This trade represents a 0.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephan B. Tanda sold 30,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $169.60, for a total value of $5,088,000.00. Following the completion of the sale, the chief executive officer now directly owns 174,118 shares in the company, valued at $29,530,412.80. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,499 shares of company stock valued at $6,393,076. Company insiders own 1.00% of the company’s stock.

AptarGroup Trading Down 4.4 %

Shares of ATR stock opened at $166.49 on Friday. AptarGroup, Inc. has a 1 year low of $122.29 and a 1 year high of $178.03. The firm has a market capitalization of $11.08 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 3.02 and a beta of 0.57. The stock has a fifty day moving average of $163.25 and a two-hundred day moving average of $152.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62.

AptarGroup announced that its Board of Directors has approved 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 repurchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were given a $0.45 dividend. The ex-dividend date was Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.08%. AptarGroup’s dividend payout ratio is presently 36.14%.

Analysts Set New Price Targets

A number of brokerages recently commented on ATR. Robert W. Baird upped their price objective on AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and upped their price target for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Wells Fargo & Company lifted their price objective on shares of AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. 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, the stock has a consensus rating of “Buy” and a consensus price target of $195.00.

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.