AptarGroup (NYSE:ATR) Given New $180.00 Price Target at Wells Fargo & Company

AptarGroup (NYSE:ATR) had its price objective lowered by Wells Fargo & Company from $185.00 to $180.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

A number of other analysts also recently issued reports on ATR. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Jefferies Financial Group raised shares of 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 note on Monday, October 14th. Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a research report on Monday. Finally, Robert W. Baird boosted 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. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $188.25.

AptarGroup Stock Performance

NYSE:ATR opened at $152.76 on Monday. 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 company has a market cap of $10.17 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 2.97 and a beta of 0.59. AptarGroup has a 1 year low of $122.37 and a 1 year high of $178.03. The stock’s 50 day simple moving average is $167.20 and its two-hundred day simple moving average is $156.91.

AptarGroup announced that its board has authorized a stock buyback plan on Thursday, October 10th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 4.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, October 24th. AptarGroup’s payout ratio is currently 36.14%.

Insider Transactions at AptarGroup

In other news, 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 value of $5,088,000.00. Following the completion of the transaction, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $29,530,412.80. The trade was a 14.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kimberly Chainey sold 964 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $168.83, for a total value of $162,752.12. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On AptarGroup

Large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of AptarGroup in the third quarter valued at about $25,000. UMB Bank n.a. boosted its holdings in AptarGroup by 446.5% in the 3rd 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 last quarter. Huntington National Bank increased its stake in 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 buying an additional 259 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of AptarGroup by 79.6% during 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 lifted its position in shares of AptarGroup by 42.9% in the third 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 and hedge funds own 88.52% of the company’s stock.

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.