Assenagon Asset Management S.A. Has $5.91 Million Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Assenagon Asset Management S.A. trimmed its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 67.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 36,877 shares of the industrial products company's stock after selling 76,470 shares during the period. Assenagon Asset Management S.A. owned approximately 0.06% of AptarGroup worth $5,907,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Blue Trust Inc. lifted its stake in AptarGroup by 281.0% during the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company's stock worth $35,000 after purchasing an additional 177 shares during the period. UMB Bank n.a. boosted its stake in AptarGroup by 446.5% in the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company's stock valued at $38,000 after buying an additional 192 shares in the last quarter. Gradient Investments LLC bought a new stake in AptarGroup in the second quarter valued at $40,000. Versant Capital Management Inc raised its stake in AptarGroup by 4,983.3% during the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company's stock worth $43,000 after acquiring an additional 299 shares in the last quarter. Finally, Adirondack Trust Co. lifted its holdings in shares of AptarGroup by 25.0% during the second quarter. Adirondack Trust Co. now owns 500 shares of the industrial products company's stock valued at $70,000 after acquiring an additional 100 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AptarGroup

In related news, CEO Stephan B. Tanda sold 30,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 174,118 shares in the company, valued at $29,530,412.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Stephan B. Tanda sold 30,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $169.60, for a total value of $5,088,000.00. Following the transaction, the chief executive officer now directly owns 174,118 shares in the company, valued at $29,530,412.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Xiangwei Gong sold 7,200 shares of the company's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $146.52, for a total transaction of $1,054,944.00. Following the sale, the insider now owns 12,974 shares of the company's stock, valued at $1,900,950.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,457 shares of company stock worth $7,680,110 over the last 90 days. 1.00% of the stock is owned by insiders.

AptarGroup Price Performance

Shares of ATR stock traded down $0.40 during trading hours on Tuesday, reaching $168.70. 338,097 shares of the company were exchanged, compared to its average volume of 293,133. AptarGroup, Inc. has a fifty-two week low of $120.85 and a fifty-two week high of $171.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.95. The stock's fifty day moving average is $157.38 and its two-hundred day moving average is $149.26. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 3.29 and a beta of 0.58.

AptarGroup declared that its board has authorized a stock buyback program 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 purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

AptarGroup Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ATR. Wells Fargo & Company increased 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. Robert W. Baird raised 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. Jefferies Financial Group raised AptarGroup from a "hold" rating to a "buy" rating and boosted their target price for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Finally, Dbs Bank raised AptarGroup from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $195.00.

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.