AptarGroup, Inc. (NYSE:ATR) Stock Holdings Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in AptarGroup, Inc. (NYSE:ATR) by 58.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,157 shares of the industrial products company’s stock after buying an additional 5,248 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in AptarGroup were worth $2,268,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ATR. State Street Corp grew its holdings in shares of AptarGroup by 0.5% during the third quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock valued at $462,919,000 after purchasing an additional 14,001 shares during the last quarter. Victory Capital Management Inc. boosted its position in AptarGroup by 29.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock valued at $337,502,000 after purchasing an additional 479,193 shares during the period. FMR LLC grew its stake in AptarGroup by 13.0% during the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after buying an additional 214,097 shares during the last quarter. Geode Capital Management LLC increased its position in AptarGroup by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after buying an additional 83,452 shares during the period. Finally, Mawer Investment Management Ltd. lifted its stake in AptarGroup by 7.7% in the third quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock valued at $185,516,000 after buying an additional 82,934 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

AptarGroup Trading Up 0.5 %

Shares of AptarGroup stock opened at $154.62 on Wednesday. The business has a fifty day simple moving average of $165.37 and a 200-day simple moving average of $157.31. AptarGroup, Inc. has a fifty-two week low of $125.51 and a fifty-two week high of $178.03. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 2.97 and a beta of 0.59. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Robert W. Baird raised 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. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and lifted their target price for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $190.60.

Insiders Place Their Bets

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction that occurred 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 transaction, the executive vice president now owns 7,848 shares in the company, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a 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 on 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 owns 174,118 shares of the company’s stock, valued at $29,530,412.80. This trade represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

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.