AptarGroup, Inc. (NYSE:ATR) Shares Bought by Citigroup Inc.

Citigroup Inc. raised its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 16.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,229 shares of the industrial products company's stock after acquiring an additional 5,060 shares during the period. Citigroup Inc. owned approximately 0.05% of AptarGroup worth $5,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in ATR. Congress Asset Management Co. bought a new stake in AptarGroup during the 3rd quarter valued at $108,239,000. Mawer Investment Management Ltd. lifted its stake in AptarGroup by 111.0% in the second quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company's stock worth $151,394,000 after acquiring an additional 565,511 shares during the period. Victory Capital Management Inc. grew its holdings 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 in the last quarter. Handelsbanken Fonder AB increased its position in AptarGroup by 182.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 538,830 shares of the industrial products company's stock valued at $86,315,000 after purchasing an additional 347,800 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of AptarGroup by 35.9% in the 2nd quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company's stock valued at $113,395,000 after purchasing an additional 212,886 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

Insider Transactions at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 7,848 shares of the company's stock, valued at approximately $1,324,977.84. This trade represents a 10.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hedi Tlili sold 1,375 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.54, for a total transaction of $209,742.50. Following the sale, the insider now owns 9,379 shares of the company's stock, valued at $1,430,672.66. This trade represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,639 shares of company stock worth $5,960,841. 1.00% of the stock is currently owned by insiders.

AptarGroup Trading Down 0.1 %

NYSE ATR traded down $0.18 during trading hours on Monday, reaching $172.78. The company had a trading volume of 170,859 shares, compared to its average volume of 289,423. The stock has a 50-day moving average of $167.08 and a 200 day moving average of $154.06. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. AptarGroup, Inc. has a 1-year low of $122.29 and a 1-year high of $178.03. The stock has a market capitalization of $11.50 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 2.98 and a beta of 0.57.

AptarGroup declared that its Board of Directors has authorized a stock repurchase 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 repurchase up to 4.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

AptarGroup Announces Dividend

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. This represents a $1.80 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, October 24th. AptarGroup's payout ratio is 36.14%.

Analyst Upgrades and Downgrades

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

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.