AptarGroup, Inc. (NYSE:ATR) Shares Purchased by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. raised its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,158,102 shares of the industrial products company's stock after purchasing an additional 82,934 shares during the quarter. Mawer Investment Management Ltd. owned 1.74% of AptarGroup worth $185,516,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC acquired a new position in AptarGroup in the 1st quarter valued at $215,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in AptarGroup by 167.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,690 shares of the industrial products company's stock valued at $957,000 after purchasing an additional 4,186 shares during the period. Rockport Wealth LLC purchased a new stake in AptarGroup in the 1st quarter valued at approximately $351,000. O Shaughnessy Asset Management LLC increased its position in AptarGroup by 1.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,002 shares of the industrial products company's stock worth $1,583,000 after purchasing an additional 167 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of AptarGroup by 2.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 69,802 shares of the industrial products company's stock worth $10,044,000 after buying an additional 1,348 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.

AptarGroup Trading Up 0.1 %

ATR stock traded up $0.20 during midday trading on Monday, hitting $166.69. The stock had a trading volume of 384,407 shares, compared to its average volume of 292,935. The company's 50-day moving average price is $163.25 and its 200 day moving average price is $152.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. The firm has a market cap of $11.09 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.57. AptarGroup, Inc. has a 12-month low of $122.29 and a 12-month high of $178.03.

AptarGroup announced that its Board of Directors has authorized a share repurchase program on Thursday, October 10th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the industrial products company to repurchase 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders 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 dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, October 24th. AptarGroup's dividend payout ratio is currently 36.14%.

Insider Transactions at AptarGroup

In related news, 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 transaction, the chief financial officer now owns 65,552 shares in the company, valued at approximately $9,844,599.36. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephan B. Tanda sold 30,000 shares of the business's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $169.60, for a total transaction of $5,088,000.00. Following the sale, the chief executive officer now owns 174,118 shares of the company's stock, valued at approximately $29,530,412.80. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,499 shares of company stock worth $6,393,076 in the last three months. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Robert W. Baird lifted their price target on AptarGroup from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Jefferies Financial Group raised shares of 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. Dbs Bank upgraded shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company upped their target price on shares of AptarGroup from $168.00 to $185.00 and gave the stock an "overweight" rating in a research 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price 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.