31,862 Shares in AptarGroup, Inc. (NYSE:ATR) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 31,862 shares of the industrial products company's stock, valued at approximately $5,104,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its position in shares of AptarGroup by 3.6% during the third quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company's stock worth $317,000 after acquiring an additional 68 shares during the last quarter. Commerce Bank raised its holdings in AptarGroup by 3.3% during the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company's stock worth $376,000 after purchasing an additional 75 shares during the last quarter. Ballentine Partners LLC raised its holdings in AptarGroup by 2.3% during the 3rd quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company's stock worth $531,000 after purchasing an additional 76 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of AptarGroup by 3.6% in the 2nd quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company's stock worth $332,000 after purchasing an additional 82 shares during the period. Finally, Argent Trust Co boosted its stake in shares of AptarGroup by 6.1% in the 2nd quarter. Argent Trust Co now owns 1,685 shares of the industrial products company's stock valued at $237,000 after purchasing an additional 97 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts 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. Jefferies Financial Group raised AptarGroup from a "hold" rating to a "buy" rating and boosted their price objective for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Robert W. Baird upped their target price on AptarGroup from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company lifted their target price on AptarGroup from $168.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $195.00.

Insiders Place Their Bets

In other AptarGroup news, insider Hedi Tlili sold 1,375 shares of AptarGroup 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 completion of the transaction, the insider now owns 9,379 shares in the company, valued at approximately $1,430,672.66. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gael Touya sold 3,300 shares of the business's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the sale, the insider now directly owns 32,165 shares of the company's stock, valued at $4,876,857.30. This represents a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,639 shares of company stock worth $5,960,841. Corporate insiders own 1.00% of the company's stock.

AptarGroup Stock Up 0.7 %

Shares of NYSE ATR traded up $1.23 during trading on Friday, hitting $172.96. 117,313 shares of the company traded hands, compared to its average volume of 248,698. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 34.73, a P/E/G ratio of 2.98 and a beta of 0.57. The business's fifty day moving average is $166.75 and its 200 day moving average is $153.88. 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, Inc. has a fifty-two week low of $122.29 and a fifty-two week high of $178.03.

AptarGroup Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Thursday, October 24th. AptarGroup's dividend payout ratio (DPR) is currently 36.14%.

AptarGroup announced that its Board of Directors has initiated 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 reacquire 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.

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.