AptarGroup, Inc. (NYSE:ATR) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. reduced its position in shares of AptarGroup, Inc. (NYSE:ATR) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,714 shares of the industrial products company’s stock after selling 140 shares during the period. Koshinski Asset Management Inc.’s holdings in AptarGroup were worth $1,212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in shares of AptarGroup by 0.5% in the 3rd quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock valued at $462,919,000 after acquiring an additional 14,001 shares during 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 grew its position in shares of AptarGroup by 13.0% in the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock valued at $298,626,000 after buying an additional 214,097 shares during the last quarter. Geode Capital Management LLC raised its stake in AptarGroup by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after acquiring an additional 83,452 shares in the last quarter. Finally, Mawer Investment Management Ltd. lifted its position in 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 during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insider Transactions at AptarGroup

In related news, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup 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 sale, the chief executive officer now directly owns 174,118 shares in the company, valued at $29,530,412.80. The trade was a 14.70 % 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. Also, EVP Kimberly Chainey sold 964 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 7,848 shares of the company’s stock, valued at $1,324,977.84. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ATR shares. Robert W. Baird raised their price objective on AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a research note on Monday, January 6th. Wells Fargo & Company decreased their price objective on AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and increased their price target for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $190.60.

AptarGroup Stock Performance

NYSE:ATR opened at $159.97 on Wednesday. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 2.57 and a beta of 0.59. 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 1-year low of $128.05 and a 1-year high of $178.03. The firm’s fifty day moving average price is $163.86 and its 200 day moving average price is $157.75.

AptarGroup announced that its board has authorized a share repurchase 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 buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.