Algert Global LLC Buys 21,200 Shares of AptarGroup, Inc. (NYSE:ATR)

Algert Global LLC boosted its holdings in AptarGroup, Inc. (NYSE:ATR) by 91.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,354 shares of the industrial products company’s stock after buying an additional 21,200 shares during the period. Algert Global LLC owned approximately 0.07% of AptarGroup worth $7,105,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Cerity Partners LLC increased its position in AptarGroup by 21.9% in the 3rd quarter. Cerity Partners LLC now owns 23,257 shares of the industrial products company’s stock worth $3,726,000 after buying an additional 4,184 shares during the period. Citigroup Inc. increased its position in AptarGroup by 16.2% in the 3rd quarter. Citigroup Inc. now owns 36,229 shares of the industrial products company’s stock worth $5,804,000 after buying an additional 5,060 shares during the period. Eagle Asset Management Inc. increased its position in AptarGroup by 43.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock worth $7,066,000 after buying an additional 12,271 shares during the period. Massachusetts Financial Services Co. MA increased its position in AptarGroup by 88.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 230,775 shares of the industrial products company’s stock worth $36,968,000 after buying an additional 108,175 shares during the period. Finally, Moran Wealth Management LLC increased its position in AptarGroup by 1.4% in the 3rd quarter. Moran Wealth Management LLC now owns 21,263 shares of the industrial products company’s stock worth $3,406,000 after buying an additional 297 shares during the period. 88.52% of the stock is owned by institutional investors.

AptarGroup Price Performance

Shares of ATR stock opened at $171.51 on Friday. The stock’s fifty day simple moving average is $164.95 and its 200 day simple moving average is $152.99. 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 cap of $11.41 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 2.93 and a beta of 0.57. AptarGroup, Inc. has a one year low of $122.29 and a one year high of $178.03.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, October 24th. AptarGroup’s dividend payout ratio is 36.14%.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on ATR. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Robert W. Baird lifted their price objective on AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $195.00.

Insider Activity at AptarGroup

In related news, insider Gael Touya sold 3,300 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the sale, the insider now owns 32,165 shares of the company’s stock, valued at $4,876,857.30. The trade was a 9.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shiela Vinczeller sold 1,660 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $151.15, for a total value of $250,909.00. Following the completion of the sale, the insider now directly owns 22,651 shares in the company, valued at approximately $3,423,698.65. This represents a 6.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,299 shares of company stock valued at $6,363,040 in the last 90 days. 1.00% of the stock is owned by corporate 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.