Albert D Mason Inc. Increases Position in AptarGroup, Inc. (NYSE:ATR)

Albert D Mason Inc. lifted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,252 shares of the industrial products company’s stock after purchasing an additional 135 shares during the period. AptarGroup comprises about 1.1% of Albert D Mason Inc.’s holdings, making the stock its 29th largest position. Albert D Mason Inc.’s holdings in AptarGroup were worth $1,611,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in AptarGroup by 0.5% in the third quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock valued at $462,919,000 after purchasing an additional 14,001 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of AptarGroup by 29.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after buying an additional 479,193 shares during the last quarter. FMR LLC lifted its position in shares of AptarGroup by 13.0% during the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after buying an additional 214,097 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AptarGroup by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock valued at $245,444,000 after buying an additional 83,452 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its position in shares of AptarGroup by 7.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock valued at $185,516,000 after buying an additional 82,934 shares during the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ATR has been the subject of several research analyst reports. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Raymond James began coverage on AptarGroup in a research report on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 target price for the company. Robert W. Baird lifted their price target on 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 reduced their price objective on AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and raised their target price for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $190.60.

AptarGroup Stock Down 0.2 %

ATR opened at $156.08 on Friday. AptarGroup, Inc. has a 52 week low of $126.31 and a 52 week high of $178.03. The business has a 50 day moving average price of $164.26 and a two-hundred day moving average price of $157.41. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The company has a market cap of $10.39 billion, a PE ratio of 31.34, a P/E/G ratio of 2.52 and a beta of 0.59.

AptarGroup declared that its Board of Directors has authorized a share buyback program on Thursday, October 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to buy up to 4.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $168.83, for a total value of $162,752.12. Following the sale, the executive vice president now owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephan B. Tanda sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 174,118 shares in the company, valued at $29,530,412.80. The trade was a 14.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.