Algert Global LLC Has $7.11 Million Position in AptarGroup, Inc. (NYSE:ATR)

Algert Global LLC lifted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 91.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,354 shares of the industrial products company’s stock after acquiring an additional 21,200 shares during the quarter. Algert Global LLC’s holdings in AptarGroup were worth $7,105,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATR. Congress Asset Management Co. bought a new stake in shares of AptarGroup during the third quarter worth $108,239,000. Mawer Investment Management Ltd. raised its position in shares of AptarGroup by 111.0% during the second quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company’s stock worth $151,394,000 after acquiring an additional 565,511 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of AptarGroup by 29.4% during the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after acquiring an additional 479,193 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of AptarGroup by 182.1% during the third quarter. Handelsbanken Fonder AB now owns 538,830 shares of the industrial products company’s stock worth $86,315,000 after acquiring an additional 347,800 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of AptarGroup by 35.9% during the second quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock worth $113,395,000 after acquiring an additional 212,886 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

AptarGroup Trading Up 1.0 %

NYSE ATR opened at $171.51 on Friday. The stock has a 50-day simple moving average of $164.95 and a 200 day simple moving average of $152.99. The company has a market capitalization of $11.41 billion, a PE ratio of 34.44, a P/E/G ratio of 2.93 and a beta of 0.57. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. AptarGroup, Inc. has a 12 month low of $122.29 and a 12 month high of $178.03.

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 paid a $0.45 dividend. The ex-dividend date was Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.05%. AptarGroup’s payout ratio is 36.14%.

AptarGroup declared that its board has authorized a stock repurchase program on Thursday, October 10th that permits the company to buyback $500.00 million in 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 of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ATR shares. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and boosted their target price for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Robert W. Baird upped 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 upped their price objective on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AptarGroup has a consensus rating of “Buy” and an average target price of $195.00.

Insider Buying and Selling at AptarGroup

In other news, EVP Kimberly Chainey sold 964 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the completion of the transaction, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at $1,324,977.84. This represents a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephan B. Tanda sold 30,000 shares of the company’s stock in a transaction dated 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 directly owns 174,118 shares of the company’s stock, valued at $29,530,412.80. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,299 shares of company stock valued at $6,363,040. 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.