AptarGroup, Inc. (NYSE:ATR) Shares Purchased by PEAK6 Investments LLC

PEAK6 Investments LLC raised its holdings in AptarGroup, Inc. (NYSE:ATR) by 141.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,501 shares of the industrial products company’s stock after buying an additional 2,052 shares during the period. PEAK6 Investments LLC’s holdings in AptarGroup were worth $561,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ATR. Victory Capital Management Inc. increased its holdings in shares of AptarGroup by 29.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock valued at $337,502,000 after acquiring an additional 479,193 shares during the last quarter. FMR LLC increased its stake in AptarGroup by 13.0% in the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock valued at $298,626,000 after purchasing an additional 214,097 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings in AptarGroup by 7.7% during the third quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock worth $185,516,000 after purchasing an additional 82,934 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of AptarGroup by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 953,950 shares of the industrial products company’s stock worth $152,813,000 after buying an additional 17,975 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of AptarGroup by 35.9% in the 2nd quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock valued at $113,395,000 after buying an additional 212,886 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ATR shares. 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 research report on Tuesday, October 15th. Robert W. Baird upped 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 raised AptarGroup from a “hold” rating to a “buy” rating and lifted their price target for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Finally, Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AptarGroup has a consensus rating of “Buy” and an average price target of $195.00.

Insider Transactions at AptarGroup

In other news, insider Gael Touya sold 3,300 shares of AptarGroup stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.62, for a total transaction of $500,346.00. Following the completion of the transaction, the insider now owns 32,165 shares of the company’s stock, valued at $4,876,857.30. The trade was a 9.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Stephan B. Tanda sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 174,118 shares in the company, valued at $29,530,412.80. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,639 shares of company stock worth $5,960,841 over the last 90 days. 1.00% of the stock is currently owned by insiders.

AptarGroup Stock Performance

NYSE ATR opened at $172.40 on Wednesday. The firm has a market cap of $11.47 billion, a P/E ratio of 34.62, a P/E/G ratio of 2.97 and a beta of 0.58. AptarGroup, Inc. has a 52-week low of $122.29 and a 52-week high of $178.03. The business’s 50-day moving average price is $167.40 and its 200 day moving average price is $154.23. 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 Announces Dividend

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

AptarGroup announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 10th that allows the company to repurchase $500.00 million in outstanding 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 typically a sign that the company’s board of directors believes its shares are undervalued.

About AptarGroup

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.