B. Riley Wealth Advisors Inc. Sells 141 Shares of AptarGroup, Inc. (NYSE:ATR)

B. Riley Wealth Advisors Inc. trimmed its holdings in AptarGroup, Inc. (NYSE:ATR) by 9.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,353 shares of the industrial products company’s stock after selling 141 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in AptarGroup were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in AptarGroup during the 3rd quarter valued at about $25,000. Blue Trust Inc. grew its stake in AptarGroup by 281.0% in the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 177 shares in the last quarter. UMB Bank n.a. increased its holdings in AptarGroup by 446.5% during the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 192 shares during the period. Huntington National Bank raised its position in 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 purchasing an additional 259 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of AptarGroup by 79.6% in the 3rd quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company’s stock worth $96,000 after buying an additional 265 shares during the period. 88.52% of the stock is owned by institutional investors.

Insider Activity at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the business’s 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 sale, the executive vice president now owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephan B. Tanda sold 30,000 shares of the company’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 transaction of $5,088,000.00. Following the transaction, the chief executive officer now owns 174,118 shares in the company, valued at $29,530,412.80. The trade was a 14.70 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

AptarGroup Price Performance

Shares of ATR opened at $158.18 on Friday. The company has a 50 day moving average of $169.50 and a two-hundred day moving average of $155.99. 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, Inc. has a twelve month low of $122.29 and a twelve month high of $178.03. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58.

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

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.80 annualized dividend and a yield of 1.14%. AptarGroup’s dividend payout ratio (DPR) is 36.14%.

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.