Chesapeake Capital Corp IL Buys 800 Shares of AptarGroup, Inc. (NYSE:ATR)

Chesapeake Capital Corp IL boosted its stake in AptarGroup, Inc. (NYSE:ATR) by 27.9% in the third quarter, HoldingsChannel reports. The firm owned 3,667 shares of the industrial products company’s stock after acquiring an additional 800 shares during the period. Chesapeake Capital Corp IL’s holdings in AptarGroup were worth $586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in AptarGroup in the third quarter valued at about $25,000. Blue Trust Inc. increased its holdings in AptarGroup by 281.0% in the second 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 during the last quarter. UMB Bank n.a. increased its holdings in 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 last quarter. Gradient Investments LLC bought a new stake in AptarGroup in the second quarter valued at about $40,000. Finally, Versant Capital Management Inc increased its holdings in AptarGroup by 4,983.3% in the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 299 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

Insider Transactions at AptarGroup

In other news, CFO Robert Kuhn sold 200 shares of the company’s stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shiela Vinczeller sold 1,660 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $151.15, for a total value of $250,909.00. Following the transaction, the insider now directly owns 22,651 shares of the company’s stock, valued at $3,423,698.65. This represents a 6.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,499 shares of company stock valued at $6,393,076 over the last three months. Company insiders own 1.00% of the company’s stock.

AptarGroup Stock Down 4.4 %

Shares of AptarGroup stock opened at $166.49 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. The company has a market capitalization of $11.08 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.57. The business has a 50-day moving average of $163.25 and a two-hundred day moving average of $152.21. AptarGroup, Inc. has a 1 year low of $122.29 and a 1 year high of $178.03.

AptarGroup declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 10th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 4.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board 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 given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.08%. AptarGroup’s dividend payout ratio is currently 36.14%.

Analyst Upgrades and Downgrades

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

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.