State Street Corp Has $462.92 Million Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

State Street Corp raised its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,889,811 shares of the industrial products company's stock after purchasing an additional 14,001 shares during the period. State Street Corp owned approximately 4.34% of AptarGroup worth $462,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. CWM LLC lifted its stake in shares of AptarGroup by 79.1% in the second quarter. CWM LLC now owns 1,073 shares of the industrial products company's stock valued at $151,000 after buying an additional 474 shares during the period. SG Americas Securities LLC acquired a new stake in shares of AptarGroup during the 2nd quarter worth approximately $2,735,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of AptarGroup by 2.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,666 shares of the industrial products company's stock worth $1,220,000 after purchasing an additional 233 shares in the last quarter. Howard Capital Management Group LLC increased its position in shares of AptarGroup by 0.3% during the second quarter. Howard Capital Management Group LLC now owns 131,317 shares of the industrial products company's stock valued at $18,491,000 after purchasing an additional 428 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of AptarGroup by 281.0% in the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 177 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity at AptarGroup

In other news, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the executive vice president now owns 7,848 shares in the company, valued at $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. Insiders sold 32,339 shares of company stock valued at $5,460,495 over the last ninety days. 1.00% of the stock is owned by insiders.

AptarGroup Price Performance

Shares of NYSE ATR traded down $0.42 during mid-day trading on Monday, hitting $170.73. 301,698 shares of the stock were exchanged, compared to its average volume of 287,913. The company has a market cap of $11.36 billion, a P/E ratio of 34.37, a PEG ratio of 2.95 and a beta of 0.58. AptarGroup, Inc. has a twelve month low of $122.29 and a twelve month high of $178.03. The stock's fifty day simple moving average is $168.19 and its two-hundred day simple moving average is $154.72. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.05%. AptarGroup's dividend payout ratio (DPR) is presently 36.14%.

AptarGroup declared that its Board of Directors has initiated a share buyback program on Thursday, October 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are 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.