AptarGroup, Inc. (NYSE:ATR) Stake Raised by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC increased its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 297,667 shares of the industrial products company’s stock after buying an additional 2,766 shares during the period. AptarGroup comprises 2.5% of Reynders McVeigh Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Reynders McVeigh Capital Management LLC’s holdings in AptarGroup were worth $47,683,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. purchased a new stake in AptarGroup in the 1st quarter valued at $269,000. DekaBank Deutsche Girozentrale boosted its stake in shares of AptarGroup by 9.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,607 shares of the industrial products company’s stock worth $2,532,000 after purchasing an additional 1,583 shares during the last quarter. CWM LLC boosted its position in shares of AptarGroup by 79.1% in the second quarter. CWM LLC now owns 1,073 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 474 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of AptarGroup in the second quarter worth approximately $2,735,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in AptarGroup by 2.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,666 shares of the industrial products company’s stock valued at $1,220,000 after buying an additional 233 shares during the period. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Stock Down 0.2 %

ATR opened at $172.40 on Wednesday. The business has a 50 day moving average price of $167.40 and a 200 day moving average price of $154.23. AptarGroup, Inc. has a twelve month low of $122.29 and a twelve month high of $178.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62. The firm has a market cap of $11.47 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were issued a $0.45 dividend. The ex-dividend date was Thursday, October 24th. This represents a $1.80 annualized dividend and a yield of 1.04%. AptarGroup’s dividend payout ratio (DPR) is currently 36.14%.

AptarGroup declared that its Board of Directors has approved a share repurchase plan on Thursday, October 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to purchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ATR shares. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and lifted their price objective for the company from $155.00 to $215.00 in a research note on Monday, October 14th. 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. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Robert W. Baird lifted 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. Four equities research 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, AptarGroup has a consensus rating of “Buy” and an average price target of $195.00.

Insider Buying and Selling

In other news, 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kimberly Chainey sold 964 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. This trade represents a 10.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,639 shares of company stock worth $5,960,841. 1.00% of the stock is currently owned by insiders.

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.