AptarGroup, Inc. (NYSE:ATR) EVP Kimberly Chainey Sells 964 Shares of Stock

AptarGroup, Inc. (NYSE:ATR) EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction dated 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 directly owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. This represents a 10.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

AptarGroup Stock Down 4.4 %

AptarGroup stock opened at $166.51 on Friday. The business’s 50-day moving average price is $162.96 and its 200 day moving average price is $152.07. 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 firm has a market cap of $11.08 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 3.02 and a beta of 0.57. AptarGroup, Inc. has a 52 week low of $122.29 and a 52 week high of $178.03.

AptarGroup announced that its Board of Directors has initiated 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 repurchase up to 4.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is 36.14%.

Analyst Ratings Changes

ATR has been the subject of several research analyst reports. Robert W. Baird raised their price objective on AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. 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 report on Monday, October 14th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price objective 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. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $195.00.

Institutional Trading of AptarGroup

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATR. State Street Corp raised its position in shares of AptarGroup by 0.5% in the third quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock worth $462,919,000 after acquiring an additional 14,001 shares during the period. Victory Capital Management Inc. increased its stake in shares of AptarGroup by 29.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock valued at $337,502,000 after purchasing an additional 479,193 shares in the last quarter. FMR LLC raised its holdings in AptarGroup by 13.0% in the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after purchasing an additional 214,097 shares during the period. Geode Capital Management LLC boosted its position in AptarGroup by 5.8% during the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after purchasing an additional 83,452 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its holdings 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 purchasing an additional 82,934 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

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.