Hantz Financial Services Inc. Buys Shares of 8,176 AptarGroup, Inc. (NYSE:ATR)

Hantz Financial Services Inc. purchased a new position in shares of AptarGroup, Inc. (NYSE:ATR) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 8,176 shares of the industrial products company’s stock, valued at approximately $1,310,000.

A number of other institutional investors have also modified their holdings of ATR. Victory Capital Management Inc. lifted its holdings in 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 in the last quarter. FMR LLC increased its position in shares of AptarGroup by 13.0% during the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after acquiring an additional 214,097 shares during the period. Mawer Investment Management Ltd. raised its stake in shares of AptarGroup by 7.7% in the third quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock valued at $185,516,000 after acquiring an additional 82,934 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in AptarGroup by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 953,950 shares of the industrial products company’s stock valued at $152,813,000 after purchasing an additional 17,975 shares during the period. Finally, American Century Companies Inc. grew its stake in AptarGroup by 35.9% during the 2nd quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock worth $113,395,000 after purchasing an additional 212,886 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

AptarGroup Trading Up 0.7 %

NYSE ATR opened at $172.96 on Monday. The firm’s fifty day moving average price is $166.75 and its 200 day moving average price is $153.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. AptarGroup, Inc. has a 12 month low of $122.29 and a 12 month high of $178.03. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.57.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, October 24th. AptarGroup’s dividend payout ratio is presently 36.14%.

AptarGroup announced that its board has approved a share 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

ATR has been the topic of a number of analyst reports. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price target on shares of AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Robert W. Baird boosted their price target on shares of AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and raised 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $195.00.

Insider Transactions at AptarGroup

In other news, CEO Stephan B. Tanda sold 30,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $169.60, for a total value of $5,088,000.00. Following the completion of the transaction, the chief executive officer now owns 174,118 shares in the company, valued at $29,530,412.80. This trade represents a 14.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gael Touya sold 3,300 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.62, for a total transaction of $500,346.00. Following the sale, the insider now directly owns 32,165 shares in the company, valued at approximately $4,876,857.30. This represents a 9.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,639 shares of company stock worth $5,960,841 over the last 90 days. 1.00% of the stock is currently owned by insiders.

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.