Mount Yale Investment Advisors LLC Acquires 3,664 Shares of AptarGroup, Inc. (NYSE:ATR)

Mount Yale Investment Advisors LLC lifted its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 288.5% during the 4th quarter, Holdings Channel reports. The firm owned 4,934 shares of the industrial products company’s stock after purchasing an additional 3,664 shares during the period. Mount Yale Investment Advisors LLC’s holdings in AptarGroup were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATR. Capital Performance Advisors LLP bought a new position in AptarGroup during the 3rd quarter worth $25,000. UMB Bank n.a. lifted its position in shares of AptarGroup by 446.5% during 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 during the period. Huntington National Bank grew its holdings 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 worth $55,000 after purchasing an additional 259 shares in the last quarter. Park Place Capital Corp acquired a new position in AptarGroup in the fourth quarter valued at about $67,000. Finally, GAMMA Investing LLC lifted its position 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 purchasing an additional 265 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATR has been the topic of a number of analyst reports. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and increased their price objective for the stock from $155.00 to $215.00 in a research note 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. Raymond James initiated coverage on AptarGroup in a research note on Tuesday, January 7th. They set an “outperform” rating and a $200.00 target price for the company. 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, Wells Fargo & Company dropped their price objective on AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AptarGroup presently has a consensus rating of “Buy” and a consensus price target of $190.60.

AptarGroup Stock Down 0.0 %

Shares of ATR opened at $158.42 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62. AptarGroup, Inc. has a 52 week low of $128.05 and a 52 week high of $178.03. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 2.62 and a beta of 0.59. The stock has a fifty day moving average of $162.42 and a 200-day moving average of $158.47.

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, February 5th. AptarGroup’s payout ratio is 36.14%.

AptarGroup announced that its board has approved a share repurchase plan 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 buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at AptarGroup

In related news, EVP Kimberly Chainey sold 964 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $168.83, for a total value of $162,752.12. Following the sale, the executive vice president now owns 7,848 shares of the company’s stock, valued at $1,324,977.84. The trade was a 10.94 % 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. Company insiders own 1.00% of the company’s stock.

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.