AptarGroup (NYSE:ATR) Price Target Lowered to $180.00 at Wells Fargo & Company

AptarGroup (NYSE:ATR) had its target price dropped by equities researchers at Wells Fargo & Company from $185.00 to $180.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 17.53% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird raised their price target on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a research note on Monday. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and raised their price objective for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $190.60.

AptarGroup Price Performance

NYSE:ATR opened at $153.15 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. AptarGroup has a 12-month low of $122.37 and a 12-month high of $178.03. The stock’s 50 day moving average price is $167.20 and its two-hundred day moving average price is $156.91. The firm has a market capitalization of $10.19 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 2.97 and a beta of 0.59.

AptarGroup announced that its board has initiated a share buyback plan on Thursday, October 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows 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 leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, EVP Kimberly Chainey sold 964 shares of the business’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 completion of the sale, the executive vice president now directly owns 7,848 shares in the company, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Stephan B. Tanda sold 30,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was 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 in the company, valued at approximately $29,530,412.80. This trade represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ATR. Capital Performance Advisors LLP bought a new position in AptarGroup in the 3rd quarter valued at about $25,000. UMB Bank n.a. boosted its position in shares of AptarGroup by 446.5% during the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 192 shares in the last quarter. Huntington National Bank boosted its position in shares of AptarGroup by 312.0% during the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 259 shares in the last quarter. GAMMA Investing LLC increased its stake in AptarGroup by 79.6% in the third quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 265 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in AptarGroup by 42.9% during the third quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 88.52% 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.