AptarGroup, Inc. (NYSE:ATR) Shares Bought by Stifel Financial Corp

Stifel Financial Corp lifted its holdings in AptarGroup, Inc. (NYSE:ATR) by 4.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,386 shares of the industrial products company’s stock after buying an additional 174 shares during the quarter. Stifel Financial Corp’s holdings in AptarGroup were worth $703,000 as of its most recent filing with the SEC.

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

Insider Activity

In other AptarGroup news, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $169.60, for a total transaction of $5,088,000.00. Following the transaction, the chief executive officer now directly owns 174,118 shares in the company, valued at approximately $29,530,412.80. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kimberly Chainey sold 964 shares of the stock in a transaction on Friday, November 15th. The shares were 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 owns 7,848 shares of the company’s stock, valued at $1,324,977.84. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of AptarGroup from a “hold” rating to a “buy” rating and upped their price objective for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Robert W. Baird raised their price objective on shares of AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company upped their target price on AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AptarGroup has an average rating of “Buy” and a consensus price target of $195.00.

AptarGroup Stock Up 0.5 %

NYSE ATR opened at $159.35 on Thursday. AptarGroup, Inc. has a 12 month low of $122.29 and a 12 month high of $178.03. The company has a market capitalization of $10.60 billion, a P/E ratio of 32.00, a PEG ratio of 2.97 and a beta of 0.58. The company’s 50 day simple moving average is $169.13 and its 200 day simple moving average is $156.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15.

AptarGroup announced that its board has approved a stock repurchase program on Thursday, October 10th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

AptarGroup Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.13%. AptarGroup’s dividend payout ratio (DPR) is presently 36.14%.

AptarGroup 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.