AptarGroup, Inc. (NYSE:ATR) Shares Sold by Speece Thorson Capital Group Inc.

Speece Thorson Capital Group Inc. trimmed its position in AptarGroup, Inc. (NYSE:ATR) by 0.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,041 shares of the industrial products company’s stock after selling 163 shares during the period. Speece Thorson Capital Group Inc. owned approximately 0.08% of AptarGroup worth $8,336,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in AptarGroup by 214.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,397 shares of the industrial products company’s stock worth $2,466,000 after purchasing an additional 10,508 shares during the period. Victory Capital Management Inc. lifted its position in shares of 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 acquiring an additional 479,193 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in shares of AptarGroup by 15.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 36,570 shares of the industrial products company’s stock valued at $5,858,000 after acquiring an additional 4,848 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of AptarGroup during the 3rd quarter valued at $226,000. Finally, Hemenway Trust Co LLC lifted its position in shares of AptarGroup by 0.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 233,558 shares of the industrial products company’s stock valued at $37,414,000 after acquiring an additional 1,877 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Stock Up 0.0 %

NYSE:ATR traded up $0.06 during trading hours on Wednesday, hitting $175.76. 18,254 shares of the stock traded hands, compared to its average volume of 290,779. AptarGroup, Inc. has a fifty-two week low of $122.29 and a fifty-two week high of $178.03. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 3.03 and a beta of 0.57. The firm has a 50 day moving average price of $161.48 and a 200 day moving average price of $151.52.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is presently 36.14%.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on ATR shares. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and increased their price objective for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Robert W. Baird boosted their target price 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 boosted their target price on shares of AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, AptarGroup presently has a consensus rating of “Buy” and an average target price of $195.00.

Insider Transactions at AptarGroup

In other news, CEO Stephan B. Tanda sold 30,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at approximately $29,530,412.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Stephan B. Tanda sold 30,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at approximately $29,530,412.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Xiangwei Gong sold 7,200 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $146.52, for a total transaction of $1,054,944.00. Following the completion of the transaction, the insider now directly owns 12,974 shares in the company, valued at $1,900,950.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,735 shares of company stock valued at $7,285,268. 1.00% of the stock is owned by insiders.

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.