Oak Thistle LLC Takes $2.20 Million Position in AptarGroup, Inc. (NYSE:ATR)

Oak Thistle LLC purchased a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,016 shares of the industrial products company's stock, valued at approximately $2,202,000. AptarGroup makes up 0.7% of Oak Thistle LLC's investment portfolio, making the stock its 16th largest holding.

A number of other large investors have also made changes to their positions in the stock. State Street Corp raised its stake in AptarGroup by 0.5% during the third quarter. State Street Corp now owns 2,889,811 shares of the industrial products company's stock worth $462,919,000 after purchasing an additional 14,001 shares during the period. Victory Capital Management Inc. increased its holdings in shares of AptarGroup by 29.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company's stock worth $337,502,000 after buying an additional 479,193 shares during the last quarter. FMR LLC raised its position in shares of AptarGroup by 13.0% during the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company's stock valued at $298,626,000 after buying an additional 214,097 shares during the period. Geode Capital Management LLC lifted its holdings in AptarGroup by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company's stock valued at $245,444,000 after acquiring an additional 83,452 shares during the last quarter. Finally, Mawer Investment Management Ltd. lifted its holdings in AptarGroup by 7.7% in the third quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company's stock valued at $185,516,000 after acquiring an additional 82,934 shares during the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Stephan B. Tanda sold 30,000 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 174,118 shares of the company's stock, valued at $29,530,412.80. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kimberly Chainey sold 964 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $168.83, for a total value of $162,752.12. Following the completion of the sale, the executive vice president now directly owns 7,848 shares in the company, valued at $1,324,977.84. This represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wells Fargo & Company decreased their price target on AptarGroup from $185.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Raymond James started coverage on shares of AptarGroup in a research report on Tuesday, January 7th. They issued an "outperform" rating and a $200.00 target price on the stock. Jefferies Financial Group upgraded shares of AptarGroup from a "hold" rating to a "buy" rating and lifted their price target for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Bank of America lowered shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective on the stock. in a report on Monday, January 6th. Finally, Robert W. Baird increased their price objective on shares of AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $190.60.

AptarGroup Trading Up 0.7 %

NYSE:ATR traded up $1.07 on Wednesday, reaching $155.68. 206,137 shares of the company's stock were exchanged, compared to its average volume of 283,515. The business has a fifty day moving average of $165.37 and a 200-day moving average of $157.31. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. AptarGroup, Inc. has a 52-week low of $125.51 and a 52-week high of $178.03. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 2.97 and a beta of 0.59.

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

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.