Brokerages Set AptarGroup, Inc. (NYSE:ATR) Target Price at $189.50

AptarGroup, Inc. (NYSE:ATR) has earned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $190.60.

Several equities analysts recently commented on ATR shares. Wells Fargo & Company dropped their price objective on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and raised their price objective for the company from $155.00 to $215.00 in a report on Monday, October 14th. Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a report on Monday, January 6th. Robert W. Baird lifted their price target on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Raymond James began coverage on AptarGroup in a research note on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 price objective for the company.

Insider Activity at AptarGroup

In other news, CEO Stephan B. Tanda sold 30,000 shares of the business’s stock in a transaction that occurred 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 owns 174,118 shares in the company, valued at approximately $29,530,412.80. The trade was a 14.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kimberly Chainey sold 964 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the sale, the executive vice president now owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. This trade represents a 10.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AptarGroup

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in AptarGroup in the third quarter valued at approximately $25,000. UMB Bank n.a. increased its stake 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 acquiring an additional 192 shares in the last quarter. Huntington National Bank lifted its position in shares of AptarGroup by 312.0% during the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 259 shares during the period. GAMMA Investing LLC boosted its stake 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. Finally, Venturi Wealth Management LLC grew its holdings in AptarGroup by 42.9% in the third quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 191 shares during the period. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Down 0.3 %

ATR stock opened at $153.67 on Monday. The firm has a 50-day moving average price of $165.98 and a 200-day moving average price of $157.14. AptarGroup has a 12 month low of $124.94 and a 12 month 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 stock has a market capitalization of $10.23 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.97 and a beta of 0.59.

AptarGroup declared that its board has approved 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 purchase up to 4.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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.