AptarGroup, Inc. (NYSE:ATR) Holdings Lowered by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its holdings in AptarGroup, Inc. (NYSE:ATR) by 69.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 429 shares of the industrial products company’s stock after selling 984 shares during the quarter. Farther Finance Advisors LLC’s holdings in AptarGroup were worth $69,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP raised its stake in AptarGroup by 24.7% during the 1st quarter. Quantbot Technologies LP now owns 4,312 shares of the industrial products company’s stock valued at $620,000 after purchasing an additional 853 shares during the period. Empowered Funds LLC bought a new position in shares of AptarGroup in the first quarter worth about $215,000. Swiss National Bank boosted its holdings in AptarGroup by 0.4% in the 1st quarter. Swiss National Bank now owns 129,800 shares of the industrial products company’s stock valued at $18,677,000 after purchasing an additional 500 shares during the period. Trillium Asset Management LLC grew its holdings in shares of AptarGroup by 0.9% during the 1st quarter. Trillium Asset Management LLC now owns 43,225 shares of the industrial products company’s stock worth $6,219,000 after purchasing an additional 393 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of AptarGroup by 167.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,690 shares of the industrial products company’s stock valued at $957,000 after buying an additional 4,186 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Stephan B. Tanda sold 30,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $169.60, for a total value of $5,088,000.00. Following the sale, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at approximately $29,530,412.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AptarGroup news, CEO Stephan B. Tanda sold 30,000 shares of the stock in a transaction dated Monday, October 28th. The shares were 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 directly owns 174,118 shares of the company’s stock, valued at $29,530,412.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Xiangwei Gong sold 7,200 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $146.52, for a total value of $1,054,944.00. Following the completion of the transaction, the insider now directly owns 12,974 shares in the company, valued at approximately $1,900,950.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,735 shares of company stock worth $7,285,268. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Trading Down 0.3 %

NYSE ATR opened at $175.67 on Wednesday. AptarGroup, Inc. has a 52 week low of $122.29 and a 52 week 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 stock’s 50 day moving average price is $161.48 and its two-hundred day moving average price is $151.52. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 3.02 and a beta of 0.57.

AptarGroup declared that its Board of Directors has initiated a stock buyback 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 stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is currently 36.14%.

Analyst Upgrades and Downgrades

ATR has been the topic of a number of analyst reports. 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 report on Tuesday, October 15th. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Robert W. Baird upped their price objective on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Dbs Bank raised shares of 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $195.00.

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.