Jane Street Group LLC Has $1.67 Million Stock Position in AptarGroup, Inc. (NYSE:ATR)

Jane Street Group LLC decreased its position in shares of AptarGroup, Inc. (NYSE:ATR) by 57.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,443 shares of the industrial products company’s stock after selling 13,838 shares during the quarter. Jane Street Group LLC’s holdings in AptarGroup were worth $1,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc raised its stake in shares of AptarGroup by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock worth $317,000 after purchasing an additional 68 shares during the period. Commerce Bank grew its position in AptarGroup by 3.3% during the third quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock worth $376,000 after buying an additional 75 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of AptarGroup by 2.3% in the 3rd quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company’s stock worth $531,000 after buying an additional 76 shares during the last quarter. Argent Trust Co boosted its stake in AptarGroup by 6.1% in the second quarter. Argent Trust Co now owns 1,685 shares of the industrial products company’s stock worth $237,000 after buying an additional 97 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its position in AptarGroup by 2.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,585 shares of the industrial products company’s stock worth $734,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Trading Down 0.3 %

Shares of ATR opened at $158.85 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 firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.97 and a beta of 0.58. The company has a 50-day moving average of $169.00 and a 200 day moving average of $156.25. AptarGroup, Inc. has a 1-year low of $122.29 and a 1-year high of $178.03.

AptarGroup declared that its board has initiated a share repurchase program on Thursday, October 10th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Thursday, October 24th. AptarGroup’s dividend payout ratio is 36.14%.

Insiders Place Their Bets

In other news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction 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 transaction, the executive vice president now directly owns 7,848 shares in the company, valued at approximately $1,324,977.84. This trade represents a 10.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction 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. The trade was a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ATR has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and boosted their price target for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Robert W. Baird upped their target price on shares of AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price objective on shares of AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AptarGroup presently has an average rating of “Buy” and a consensus target price 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.