Legacy Wealth Asset Management LLC Invests $858,000 in AptarGroup, Inc. (NYSE:ATR)

Legacy Wealth Asset Management LLC purchased a new position in AptarGroup, Inc. (NYSE:ATR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,464 shares of the industrial products company's stock, valued at approximately $858,000.

A number of other hedge funds also recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in shares of AptarGroup in the 3rd quarter valued at approximately $25,000. UMB Bank n.a. lifted its position in AptarGroup by 446.5% in the third quarter. UMB Bank n.a. now owns 235 shares of the industrial products company's stock worth $38,000 after buying an additional 192 shares during the last quarter. Huntington National Bank lifted its position in AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company's stock worth $55,000 after buying an additional 259 shares during the last quarter. 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 buying an additional 265 shares during the period. Finally, Venturi Wealth Management LLC increased its position in AptarGroup by 42.9% during the third quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company's stock valued at $102,000 after acquiring an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Dbs Bank upgraded shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Raymond James began coverage on shares of AptarGroup in a research note on Tuesday, January 7th. They issued an "outperform" rating and a $200.00 price objective for the company. Jefferies Financial Group raised AptarGroup from a "hold" rating to a "buy" rating and upped their target price for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Bank of America downgraded AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price target on the stock. in a report on Monday, January 6th. Finally, Robert W. Baird boosted their price objective on AptarGroup from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, AptarGroup currently has a consensus rating of "Buy" and a consensus price target of $190.60.

AptarGroup Stock Down 0.2 %

AptarGroup stock traded down $0.33 during midday trading on Friday, hitting $156.08. 231,872 shares of the company's stock were exchanged, compared to its average volume of 284,525. AptarGroup, Inc. has a 12 month low of $126.31 and a 12 month high of $178.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62. The company has a market cap of $10.39 billion, a PE ratio of 31.34, a P/E/G ratio of 2.52 and a beta of 0.59. The firm has a 50-day moving average of $164.66 and a two-hundred day moving average of $157.29.

AptarGroup announced that its board has approved a stock buyback 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 purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, EVP Kimberly Chainey sold 964 shares of the company's 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 completion of the sale, the executive vice president now directly owns 7,848 shares in the company, valued at $1,324,977.84. This represents a 10.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $169.60, for a total transaction of $5,088,000.00. Following the completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

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.