ING Groep NV bought a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,800 shares of the industrial products company's stock, valued at approximately $609,000.
Several other hedge funds have also recently made changes to their positions in ATR. Curi RMB Capital LLC boosted its holdings in AptarGroup by 7.2% in the 3rd quarter. Curi RMB Capital LLC now owns 102,738 shares of the industrial products company's stock valued at $16,458,000 after purchasing an additional 6,881 shares during the period. Zions Bancorporation N.A. boosted its stake in AptarGroup by 17.5% during the third quarter. Zions Bancorporation N.A. now owns 12,460 shares of the industrial products company's stock valued at $1,996,000 after buying an additional 1,853 shares during the period. Huntington National Bank grew its position in AptarGroup by 312.0% during the third quarter. Huntington National Bank now owns 342 shares of the industrial products company's stock worth $55,000 after buying an additional 259 shares in the last quarter. KBC Group NV increased its stake in AptarGroup by 10.8% in the 3rd quarter. KBC Group NV now owns 1,660 shares of the industrial products company's stock worth $266,000 after acquiring an additional 162 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of AptarGroup by 214.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 15,397 shares of the industrial products company's stock valued at $2,466,000 after acquiring an additional 10,508 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently issued reports on ATR. Dbs Bank upgraded shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Wells Fargo & Company upped their target price on AptarGroup from $168.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Robert W. Baird boosted 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. Finally, Jefferies Financial Group raised shares of AptarGroup from a "hold" rating to a "buy" rating and increased their target price for the company from $155.00 to $215.00 in a report on Monday, October 14th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AptarGroup presently has an average rating of "Buy" and an average price target of $195.00.
Get Our Latest Analysis on ATR
Insider Transactions at AptarGroup
In related news, insider Gael Touya sold 3,300 shares of AptarGroup stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the completion of the transaction, the insider now owns 32,165 shares in the company, valued at approximately $4,876,857.30. This trade represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert Kuhn sold 200 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total value of $30,036.00. Following the completion of the sale, the chief financial officer now directly owns 65,552 shares of the company's stock, valued at $9,844,599.36. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,499 shares of company stock valued at $6,393,076. 1.00% of the stock is currently owned by insiders.
AptarGroup Price Performance
Shares of ATR traded up $0.20 during trading hours on Monday, reaching $166.69. 371,946 shares of the stock traded hands, compared to its average volume of 292,879. AptarGroup, Inc. has a 52-week low of $122.29 and a 52-week 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 company has a market cap of $11.09 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.57. The company's 50-day moving average price is $163.25 and its two-hundred day moving average price is $152.31.
AptarGroup Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.08%. AptarGroup's dividend payout ratio is currently 36.14%.
AptarGroup declared that its board has approved a share repurchase program on Thursday, October 10th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.
AptarGroup Company Profile
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Free Report)
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.
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