Boston Trust Walden Corp Has $232.25 Million Stock Position in AptarGroup, Inc. (NYSE:ATR)

Boston Trust Walden Corp cut its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,449,817 shares of the industrial products company's stock after selling 18,484 shares during the quarter. AptarGroup makes up approximately 1.6% of Boston Trust Walden Corp's holdings, making the stock its 4th largest holding. Boston Trust Walden Corp owned about 2.19% of AptarGroup worth $232,246,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ATR. Mawer Investment Management Ltd. boosted its position in AptarGroup by 111.0% during the 2nd quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company's stock valued at $151,394,000 after acquiring an additional 565,511 shares in the last quarter. Handelsbanken Fonder AB boosted its position in AptarGroup by 182.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 538,830 shares of the industrial products company's stock valued at $86,315,000 after acquiring an additional 347,800 shares in the last quarter. American Century Companies Inc. boosted its position in AptarGroup by 35.9% during the 2nd quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company's stock valued at $113,395,000 after acquiring an additional 212,886 shares in the last quarter. Millennium Management LLC boosted its position in AptarGroup by 36.2% during the 2nd quarter. Millennium Management LLC now owns 519,700 shares of the industrial products company's stock valued at $73,179,000 after acquiring an additional 138,134 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in AptarGroup during the 2nd quarter valued at approximately $17,263,000. 88.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $147.56, for a total value of $4,721,920.00. Following the completion of the sale, the chief executive officer now owns 174,118 shares of the company's stock, valued at approximately $25,692,852.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $147.56, for a total value of $4,721,920.00. Following the completion of the sale, the chief executive officer now owns 174,118 shares of the company's stock, valued at approximately $25,692,852.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Xiangwei Gong sold 800 shares of AptarGroup stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total transaction of $117,248.00. Following the completion of the sale, the insider now directly owns 20,174 shares of the company's stock, valued at approximately $2,956,701.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,457 shares of company stock worth $7,314,030 in the last three months. Insiders own 1.00% of the company's stock.

AptarGroup Stock Up 1.4 %

NYSE ATR traded up $2.36 during mid-day trading on Friday, reaching $168.91. The stock had a trading volume of 518,947 shares, compared to its average volume of 292,642. AptarGroup, Inc. has a 1 year low of $120.36 and a 1 year high of $169.85. The stock has a market cap of $11.19 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The company has a fifty day moving average price of $156.93 and a 200 day moving average price of $148.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.95.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.01. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The company had revenue of $910.10 million during the quarter, compared to analyst estimates of $930.15 million. During the same period in the previous year, the business earned $1.23 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. On average, research analysts expect that AptarGroup, Inc. will post 5.36 earnings per share for the current year.

AptarGroup announced that its Board of Directors has initiated a share repurchase plan on Thursday, October 10th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the industrial products company to reacquire up to 4.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.07%. AptarGroup's payout ratio is currently 38.63%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Jefferies Financial Group raised AptarGroup from a "hold" rating to a "buy" rating and lifted their price objective for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Wells Fargo & Company lifted their price objective on AptarGroup from $168.00 to $185.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Finally, Dbs Bank raised AptarGroup from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $190.00.

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.