Natixis Advisors LLC Has $18.18 Million Stock Position in AptarGroup, Inc. (NYSE:ATR)

Natixis Advisors LLC increased its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 43.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,503 shares of the industrial products company's stock after buying an additional 34,573 shares during the quarter. Natixis Advisors LLC owned 0.17% of AptarGroup worth $18,182,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of AptarGroup in the 3rd quarter valued at $25,000. Blue Trust Inc. boosted its stake in shares of AptarGroup by 281.0% during the second 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 in the last quarter. UMB Bank n.a. boosted its stake in shares of AptarGroup by 446.5% during the third 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 in the last quarter. Gradient Investments LLC bought a new stake in shares of AptarGroup during the second quarter worth about $40,000. Finally, Versant Capital Management Inc increased its stake in shares of AptarGroup by 4,983.3% in the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company's stock valued at $43,000 after buying an additional 299 shares during the period. 88.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other AptarGroup news, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $169.60, for a total value of $5,088,000.00. Following the completion of the sale, the chief executive officer now directly owns 174,118 shares in the company, valued at approximately $29,530,412.80. The trade was a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shiela Vinczeller sold 1,660 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $151.15, for a total value of $250,909.00. Following the transaction, the insider now owns 22,651 shares in the company, valued at $3,423,698.65. The trade was a 6.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,499 shares of company stock valued at $6,393,076 in the last ninety days. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

ATR has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Jefferies Financial Group raised shares of AptarGroup from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Dbs Bank raised AptarGroup from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. 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 analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AptarGroup has a consensus rating of "Buy" and an average target price of $195.00.

AptarGroup Trading Up 0.4 %

NYSE ATR traded up $0.63 during mid-day trading on Wednesday, reaching $167.53. 100,378 shares of the stock were exchanged, compared to its average volume of 292,040. The stock has a market cap of $11.15 billion, a P/E ratio of 33.51, a P/E/G ratio of 2.87 and a beta of 0.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. AptarGroup, Inc. has a one year low of $122.29 and a one year high of $178.03. The stock has a 50 day simple moving average of $163.85 and a 200-day simple moving average of $152.60.

AptarGroup announced that its board has authorized a stock repurchase plan on Thursday, October 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, October 24th. AptarGroup's dividend payout ratio (DPR) is presently 36.14%.

AptarGroup 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.