AptarGroup, Inc. (NYSE:ATR) Shares Purchased by EULAV Asset Management

EULAV Asset Management boosted its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 26.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 229,526 shares of the industrial products company’s stock after acquiring an additional 48,399 shares during the period. EULAV Asset Management’s holdings in AptarGroup were worth $36,768,000 at the end of the most recent quarter.

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

AptarGroup Stock Up 0.1 %

Shares of ATR opened at $166.90 on Wednesday. The company’s 50-day simple moving average is $163.54 and its 200-day simple moving average is $152.46. 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, Inc. has a 1 year low of $122.29 and a 1 year high of $178.03. The stock has a market capitalization of $11.11 billion, a PE ratio of 33.51, a P/E/G ratio of 2.87 and a beta of 0.57.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th were issued a dividend of $0.45 per share. 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 (DPR) is presently 36.14%.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on ATR shares. Robert W. Baird raised their price objective on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company raised their price objective on AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and boosted their target price for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AptarGroup currently has a consensus rating of “Buy” and a consensus target price of $195.00.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, CFO Robert Kuhn sold 200 shares of AptarGroup stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total value of $30,036.00. Following the transaction, the chief financial officer now directly owns 65,552 shares in the company, valued at approximately $9,844,599.36. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shiela Vinczeller sold 1,660 shares of the stock in a transaction dated 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 owns 22,651 shares of the company’s stock, valued at $3,423,698.65. This represents a 6.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,499 shares of company stock valued at $6,393,076 in the last 90 days. Company insiders own 1.00% of the company’s stock.

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.