Elevated Capital Advisors LLC Acquires 798 Shares of AptarGroup, Inc. (NYSE:ATR)

Elevated Capital Advisors LLC increased its stake in AptarGroup, Inc. (NYSE:ATR) by 40.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,749 shares of the industrial products company’s stock after acquiring an additional 798 shares during the period. Elevated Capital Advisors LLC’s holdings in AptarGroup were worth $432,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its position in shares of AptarGroup by 98.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 35,017 shares of the industrial products company’s stock valued at $5,014,000 after purchasing an additional 17,410 shares during the last quarter. Parallel Advisors LLC increased its position in AptarGroup by 116.2% during the second quarter. Parallel Advisors LLC now owns 2,822 shares of the industrial products company’s stock valued at $397,000 after acquiring an additional 1,517 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of AptarGroup by 19.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,889 shares of the industrial products company’s stock valued at $688,000 after acquiring an additional 785 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of AptarGroup by 69.6% in the second quarter. Envestnet Asset Management Inc. now owns 152,267 shares of the industrial products company’s stock valued at $21,441,000 after acquiring an additional 62,500 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of AptarGroup by 22.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 193,967 shares of the industrial products company’s stock worth $27,312,000 after purchasing an additional 35,802 shares during the period. 88.52% of the stock is owned by institutional investors.

Insider Activity at AptarGroup

In other news, CEO Stephan B. Tanda sold 30,000 shares of the business’s stock in a transaction dated 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kimberly Chainey sold 964 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $168.83, for a total transaction 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. This 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ATR shares. Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a research report on Monday, January 6th. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and raised their price target for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Robert W. Baird upped their price objective on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Raymond James began coverage on AptarGroup in a research report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 target price for the company. Finally, Wells Fargo & Company cut their price target on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $190.60.

AptarGroup Trading Up 0.1 %

ATR opened at $153.66 on Tuesday. AptarGroup, Inc. has a 52 week low of $125.51 and a 52 week high of $178.03. The company has a market capitalization of $10.22 billion, a P/E ratio of 30.86, a PEG ratio of 2.97 and a beta of 0.59. The stock’s fifty day moving average is $165.69 and its two-hundred day moving average is $157.21. 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 announced that its Board of Directors has authorized a share repurchase program on Thursday, October 10th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.