AptarGroup, Inc. (NYSE:ATR) Holdings Raised by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 39.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,587 shares of the industrial products company's stock after purchasing an additional 76,620 shares during the period. Brown Brothers Harriman & Co. owned 0.41% of AptarGroup worth $43,345,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ATR. Victory Capital Management Inc. grew its stake in AptarGroup by 29.4% in 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. Mawer Investment Management Ltd. grew its position in shares of AptarGroup by 7.7% in 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. Allspring Global Investments Holdings LLC increased its stake in AptarGroup by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 953,950 shares of the industrial products company's stock valued at $152,813,000 after purchasing an additional 17,975 shares during the last quarter. American Century Companies Inc. lifted its position in AptarGroup by 35.9% during the second quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company's stock worth $113,395,000 after buying an additional 212,886 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in AptarGroup by 9.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 716,617 shares of the industrial products company's stock worth $100,917,000 after buying an additional 64,288 shares during the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Dbs Bank raised shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Robert W. Baird lifted their price target on shares of AptarGroup from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Jefferies Financial Group upgraded AptarGroup from a "hold" rating to a "buy" rating and upped their price target for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, 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 report on Tuesday, October 15th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, AptarGroup has an average rating of "Buy" and a consensus price target of $195.00.

AptarGroup Stock Up 0.6 %

Shares of AptarGroup stock traded up $1.08 during trading hours on Monday, hitting $172.59. 270,111 shares of the company's stock traded hands, compared to its average volume of 291,889. The company has a market cap of $11.48 billion, a PE ratio of 34.73, a PEG ratio of 2.95 and a beta of 0.57. AptarGroup, Inc. has a twelve month low of $122.29 and a twelve month high of $178.03. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $164.95 and a 200-day simple moving average of $153.03.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, October 24th. AptarGroup's dividend payout ratio is currently 36.14%.

AptarGroup declared that its board has approved a stock repurchase program on Thursday, October 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Insider Activity

In other AptarGroup news, insider Gael Touya sold 3,300 shares of the firm's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $151.62, for a total value of $500,346.00. Following the transaction, the insider now owns 32,165 shares of the company's stock, valued at $4,876,857.30. This trade represents a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephan B. Tanda sold 30,000 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,639 shares of company stock worth $5,960,841. 1.00% of the stock is currently owned by corporate insiders.

AptarGroup Company 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.