Fmr LLC Has $298.63 Million Position in AptarGroup, Inc. (NYSE:ATR)

Fmr LLC raised its stake in AptarGroup, Inc. (NYSE:ATR) by 13.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,864,198 shares of the industrial products company’s stock after buying an additional 214,097 shares during the quarter. Fmr LLC’s holdings in AptarGroup were worth $298,626,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Victory Capital Management Inc. raised its stake in AptarGroup by 29.4% in the third 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 in the last quarter. Mawer Investment Management Ltd. increased its holdings in AptarGroup by 7.7% in the 3rd 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 period. Allspring Global Investments Holdings LLC raised its position in shares of AptarGroup by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 953,950 shares of the industrial products company’s stock valued at $152,813,000 after buying an additional 17,975 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of AptarGroup by 35.9% during the 2nd quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock worth $113,395,000 after acquiring an additional 212,886 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of AptarGroup by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,617 shares of the industrial products company’s stock worth $100,917,000 after acquiring an additional 64,288 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Trading Up 0.7 %

NYSE ATR opened at $172.96 on Friday. The company has a market cap of $11.51 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 2.96 and a beta of 0.57. AptarGroup, Inc. has a twelve month low of $122.29 and a twelve month high of $178.03. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The business’s fifty day moving average is $166.75 and its 200 day moving average is $153.83.

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

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is currently 36.14%.

Insider Activity

In related news, insider Hedi Tlili sold 1,375 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the sale, the insider now owns 9,379 shares of the company’s stock, valued at $1,430,672.66. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gael Touya sold 3,300 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.62, for a total value of $500,346.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,639 shares of company stock valued at $5,960,841 over the last quarter. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ATR. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and upped their target price for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Robert W. Baird increased their target price on shares of AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. 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 has a consensus rating of “Buy” and a consensus price target of $195.00.

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.