Bridges Investment Management Inc. Has $34.20 Million Stock Position in AptarGroup, Inc. (NYSE:ATR)

Bridges Investment Management Inc. lessened its holdings in AptarGroup, Inc. (NYSE:ATR) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,469 shares of the industrial products company’s stock after selling 1,121 shares during the period. Bridges Investment Management Inc.’s holdings in AptarGroup were worth $34,196,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Mawer Investment Management Ltd. raised its stake in shares of AptarGroup by 111.0% in 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 purchasing an additional 565,511 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 last quarter. American Century Companies Inc. lifted 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 valued at $113,395,000 after purchasing an additional 212,886 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in AptarGroup by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 716,617 shares of the industrial products company’s stock worth $100,917,000 after purchasing an additional 64,288 shares during the last quarter. Finally, Congress Asset Management Co. purchased a new stake in AptarGroup in the 3rd quarter valued at about $108,239,000. Institutional investors own 88.52% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Stephan B. Tanda sold 30,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 174,118 shares of the company’s stock, valued at approximately $29,530,412.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Monnas Giovanna Kampouri sold 1,922 shares of AptarGroup stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total transaction of $277,594.46. Following the completion of the sale, the director now owns 8,839 shares in the company, valued at approximately $1,276,616.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephan B. Tanda sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $169.60, for a total transaction 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 approximately $29,530,412.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,657 shares of company stock worth $7,562,862 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

AptarGroup Trading Up 0.6 %

Shares of ATR opened at $175.82 on Friday. AptarGroup, Inc. has a twelve month low of $122.29 and a twelve month high of $177.84. The stock has a market cap of $11.70 billion, a PE ratio of 35.31, a P/E/G ratio of 2.89 and a beta of 0.57. 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 business’s 50-day moving average price is $161.02 and its 200-day moving average price is $151.11.

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

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is presently 36.14%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. 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 report on Monday, October 28th. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and boosted their target price for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price objective on AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a report 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 company. Based on data from MarketBeat.com, AptarGroup has an average rating of “Buy” and an average target price 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.