Fmr LLC Purchases 214,097 Shares of AptarGroup, Inc. (NYSE:ATR)

FMR LLC boosted its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 13.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,864,198 shares of the industrial products company's stock after buying an additional 214,097 shares during the quarter. FMR LLC owned 2.80% of AptarGroup worth $298,626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Performance Advisors LLP bought a new stake in shares of AptarGroup in the third quarter worth $25,000. UMB Bank n.a. grew its stake in shares of AptarGroup by 446.5% during the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 192 shares during the period. Blue Trust Inc. grew its stake in shares of AptarGroup by 281.0% during the 2nd 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 during the period. Gradient Investments LLC purchased a new stake in shares of AptarGroup during the 2nd quarter valued at about $40,000. Finally, Versant Capital Management Inc lifted its stake in shares of AptarGroup by 4,983.3% in the 2nd quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company's stock worth $43,000 after purchasing an additional 299 shares during the period. Institutional investors own 88.52% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of AptarGroup from a "hold" rating to a "buy" rating and boosted their target price for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Wells Fargo & Company boosted their price objective 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 raised their target price on AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a 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 research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AptarGroup currently has an average rating of "Buy" and an average target price of $195.00.

AptarGroup Price Performance

AptarGroup stock traded up $1.23 during mid-day trading on Friday, hitting $172.96. The stock had a trading volume of 117,313 shares, compared to its average volume of 248,698. 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 firm's 50 day moving average is $166.75 and its 200 day moving average is $153.88. The firm has a market capitalization of $11.51 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.98 and a beta of 0.57. AptarGroup, Inc. has a one year low of $122.29 and a one year high of $178.03.

AptarGroup Dividend Announcement

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

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

Insider Buying and Selling

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the business's stock in a transaction on Friday, November 15th. The shares were 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 $1,324,977.84. The trade was a 10.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 approximately $4,876,857.30. The trade was a 9.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,639 shares of company stock worth $5,960,841. 1.00% of the stock is 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.