AptarGroup, Inc. (NYSE:ATR) Shares Sold by Broderick Brian C

Broderick Brian C reduced its stake in AptarGroup, Inc. (NYSE:ATR) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,167 shares of the industrial products company’s stock after selling 210 shares during the period. AptarGroup makes up about 2.6% of Broderick Brian C’s investment portfolio, making the stock its 15th biggest holding. Broderick Brian C’s holdings in AptarGroup were worth $13,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ATR. Capital Performance Advisors LLP purchased a new stake in shares of AptarGroup during the third quarter valued at approximately $25,000. UMB Bank n.a. boosted its stake in shares of AptarGroup by 446.5% in the third quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 192 shares during the period. Blue Trust Inc. grew its holdings in AptarGroup by 281.0% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 177 shares in the last quarter. Gradient Investments LLC purchased a new stake in AptarGroup during the 2nd quarter worth $40,000. Finally, Versant Capital Management Inc lifted its holdings in AptarGroup by 4,983.3% in the 2nd quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after buying an additional 299 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AptarGroup news, 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 owns 32,165 shares in the company, valued at approximately $4,876,857.30. The trade was a 9.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert Kuhn sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $150.18, for a total transaction of $30,036.00. Following the completion of the transaction, the chief financial officer now directly owns 65,552 shares of the company’s stock, valued at $9,844,599.36. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,535 shares of company stock worth $6,230,324. 1.00% of the stock is owned by corporate insiders.

AptarGroup Stock Down 0.8 %

ATR stock opened at $174.15 on Friday. AptarGroup, Inc. has a 52 week low of $122.29 and a 52 week high of $178.03. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 3.02 and a beta of 0.57. The firm’s 50-day moving average is $162.49 and its two-hundred day moving average is $151.92. 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 declared that its board has approved a stock repurchase plan on Thursday, October 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 4.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Thursday, October 24th. AptarGroup’s dividend payout ratio is presently 36.14%.

Analysts Set New Price Targets

ATR has been the subject of several recent analyst reports. Robert W. Baird raised their target price on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and increased their price objective for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Wells Fargo & Company boosted their price target on shares of AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $195.00.

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.