AptarGroup, Inc. (NYSE:ATR) Stock Holdings Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 58.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,157 shares of the industrial products company's stock after purchasing an additional 5,248 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in AptarGroup were worth $2,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of AptarGroup by 0.5% during the third quarter. State Street Corp now owns 2,889,811 shares of the industrial products company's stock worth $462,919,000 after buying an additional 14,001 shares during the period. Victory Capital Management Inc. boosted its position in AptarGroup by 29.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company's stock worth $337,502,000 after acquiring an additional 479,193 shares during the period. FMR LLC boosted its position in AptarGroup by 13.0% during the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company's stock worth $298,626,000 after acquiring an additional 214,097 shares during the period. Geode Capital Management LLC grew its stake in shares of AptarGroup by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company's stock worth $245,444,000 after purchasing an additional 83,452 shares in the last quarter. Finally, Mawer Investment Management Ltd. increased its holdings in shares of AptarGroup by 7.7% during the third quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company's stock valued at $185,516,000 after purchasing an additional 82,934 shares during the period. Institutional investors and hedge funds own 88.52% of the company's stock.

Analysts Set New Price Targets

ATR has been the subject of several research analyst reports. Robert W. Baird upped their price objective on shares of AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Dbs Bank raised shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company lowered their price objective on shares of AptarGroup from $185.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group upgraded AptarGroup from a "hold" rating to a "buy" rating and upped their target price for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Finally, Raymond James began coverage on AptarGroup in a research report on Tuesday, January 7th. They set an "outperform" rating and a $200.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $190.60.

Insider Buying and Selling at AptarGroup

In related news, CEO Stephan B. Tanda sold 30,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $169.60, for a total value of $5,088,000.00. Following the completion of the transaction, the chief executive officer now owns 174,118 shares in the company, valued at $29,530,412.80. This trade represents a 14.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kimberly Chainey sold 964 shares of the business's stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

AptarGroup Price Performance

ATR stock traded up $1.07 on Wednesday, hitting $155.68. 206,137 shares of the company's stock traded hands, compared to its average volume of 283,515. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 31.26, a P/E/G ratio of 2.97 and a beta of 0.59. AptarGroup, Inc. has a 1-year low of $125.51 and a 1-year high of $178.03. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $165.37 and a 200-day moving average of $157.31.

AptarGroup announced that its board has initiated a share buyback plan on Thursday, October 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

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.