Blue Trust Inc. Has $154,000 Position in AptarGroup, Inc. (NYSE:ATR)

Blue Trust Inc. increased its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 961 shares of the industrial products company’s stock after acquiring an additional 82 shares during the period. Blue Trust Inc.’s holdings in AptarGroup were worth $154,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ATR. Capital Performance Advisors LLP acquired a new position in AptarGroup during the third quarter valued at approximately $25,000. UMB Bank n.a. boosted its holdings in shares of AptarGroup by 446.5% in the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after buying an additional 192 shares during the last quarter. Huntington National Bank grew its stake in shares of AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after buying an additional 259 shares in the last quarter. Park Place Capital Corp acquired a new position in AptarGroup during the fourth quarter worth $67,000. Finally, GAMMA Investing LLC raised its position in AptarGroup by 79.6% during the third quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 265 shares in the last quarter. 88.52% of the stock is owned by institutional investors.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the company’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 completion of the transaction, the executive vice president now owns 7,848 shares of the company’s stock, valued at $1,324,977.84. This represents a 10.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ATR has been the subject of a number of analyst reports. Bank of America downgraded shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a research report on Monday, January 6th. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Robert W. Baird lifted their target price on AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Raymond James assumed coverage on AptarGroup in a report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 target price on the stock. Finally, Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and raised their price target for the company from $155.00 to $215.00 in a report on Monday, October 14th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $190.60.

AptarGroup Trading Up 0.5 %

ATR stock opened at $158.41 on Thursday. AptarGroup, Inc. has a 52 week low of $129.30 and a 52 week high of $178.03. The company’s 50-day simple moving average is $161.04 and its 200 day simple moving average is $158.90. The company has a market capitalization of $10.54 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 2.59 and a beta of 0.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62.

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

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, February 5th. AptarGroup’s dividend payout ratio 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.