AllGen Financial Advisors Inc. Reduces Stake in AptarGroup, Inc. (NYSE:ATR)

AllGen Financial Advisors Inc. lessened its holdings in AptarGroup, Inc. (NYSE:ATR) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,114 shares of the industrial products company’s stock after selling 118 shares during the period. AptarGroup makes up 0.6% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 29th largest position. AllGen Financial Advisors Inc.’s holdings in AptarGroup were worth $1,941,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of AptarGroup by 2.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,909 shares of the industrial products company’s stock valued at $1,427,000 after purchasing an additional 243 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of AptarGroup by 2.3% in the 3rd quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company’s stock valued at $531,000 after purchasing an additional 76 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of AptarGroup in the 3rd quarter valued at $203,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of AptarGroup in the 3rd quarter valued at $240,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of AptarGroup in the 3rd quarter valued at $313,000. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Price Performance

ATR opened at $168.91 on Friday. The stock’s 50-day moving average price is $156.93 and its 200 day moving average price is $148.98. AptarGroup, Inc. has a 12-month low of $120.36 and a 12-month high of $169.85. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 3.29 and a beta of 0.58.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.01. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The firm had revenue of $910.10 million for the quarter, compared to analyst estimates of $930.15 million. During the same quarter in the prior year, the company earned $1.23 EPS. AptarGroup’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts expect that AptarGroup, Inc. will post 5.36 earnings per share for the current year.

AptarGroup Dividend Announcement

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 paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, October 24th. AptarGroup’s payout ratio is 38.63%.

AptarGroup announced that its board has initiated a share repurchase plan on Thursday, October 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and upped their price target for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Wells Fargo & Company upped their price target on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $190.00.

Insider Buying and Selling

In other AptarGroup news, insider Hedi Tlili sold 1,375 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.54, for a total value of $209,742.50. Following the sale, the insider now owns 9,379 shares of the company’s stock, valued at $1,430,672.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $147.56, for a total value of $4,721,920.00. Following the sale, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $25,692,852.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hedi Tlili sold 1,375 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the completion of the sale, the insider now directly owns 9,379 shares in the company, valued at $1,430,672.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,457 shares of company stock valued at $7,314,030. Corporate insiders own 1.00% 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.