Elevated Capital Advisors LLC Invests $313,000 in AptarGroup, Inc. (NYSE:ATR)

Elevated Capital Advisors LLC acquired a new stake in shares of AptarGroup, Inc. (NYSE:ATR) during the third quarter, Holdings Channel reports. The institutional investor acquired 1,951 shares of the industrial products company’s stock, valued at approximately $313,000.

Several other hedge funds have also recently made changes to their positions in ATR. DekaBank Deutsche Girozentrale grew its stake in AptarGroup by 9.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,607 shares of the industrial products company’s stock valued at $2,532,000 after purchasing an additional 1,583 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in AptarGroup by 167.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,690 shares of the industrial products company’s stock worth $957,000 after buying an additional 4,186 shares during the period. Ontario Teachers Pension Plan Board raised its position in AptarGroup by 90.2% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,023 shares of the industrial products company’s stock worth $2,737,000 after buying an additional 9,021 shares during the last quarter. Duality Advisers LP lifted its stake in AptarGroup by 139.0% during the 1st quarter. Duality Advisers LP now owns 14,187 shares of the industrial products company’s stock valued at $2,041,000 after acquiring an additional 8,251 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of AptarGroup in the 2nd quarter valued at $2,735,000. 88.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $147.56, for a total value of $4,721,920.00. Following the completion of the sale, the chief executive officer now directly owns 174,118 shares in the company, valued at $25,692,852.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction on Monday, July 29th. The shares were sold at an average price of $147.56, for a total value of $4,721,920.00. Following the sale, the chief executive officer now owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hedi Tlili sold 1,375 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.54, for a total transaction of $209,742.50. Following the completion of the sale, the insider now directly owns 9,379 shares of the company’s stock, valued at approximately $1,430,672.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,457 shares of company stock worth $7,314,030. 1.00% of the stock is owned by corporate insiders.

AptarGroup Price Performance

NYSE:ATR opened at $167.74 on Thursday. The company has a 50 day moving average price of $156.10 and a 200-day moving average price of $148.60. AptarGroup, Inc. has a 1-year low of $120.36 and a 1-year high of $169.65. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 36.00, 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 current ratio of 1.36 and a quick ratio of 0.95.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The business had revenue of $910.10 million during the quarter, compared to the consensus estimate of $930.15 million. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts forecast that AptarGroup, Inc. will post 5.36 EPS for the current year.

AptarGroup announced that its board has initiated a stock buyback program on Thursday, October 10th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.07%. AptarGroup’s payout ratio is 38.63%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ATR shares. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company increased their price target on AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and boosted their price objective for the company from $155.00 to $215.00 in a report on Monday, October 14th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $190.00.

About AptarGroup

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.