Quantinno Capital Management LP Increases Holdings in AptarGroup, Inc. (NYSE:ATR)

Quantinno Capital Management LP boosted its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 25.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,344 shares of the industrial products company's stock after acquiring an additional 7,997 shares during the quarter. Quantinno Capital Management LP owned 0.06% of AptarGroup worth $6,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CIBC Asset Management Inc boosted its stake in AptarGroup by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company's stock valued at $317,000 after purchasing an additional 68 shares during the last quarter. Commerce Bank boosted its stake in shares of AptarGroup by 3.3% in the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company's stock worth $376,000 after buying an additional 75 shares during the last quarter. Ballentine Partners LLC raised its holdings in AptarGroup by 2.3% in the 3rd quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company's stock worth $531,000 after purchasing an additional 76 shares during the period. Fifth Third Bancorp raised its holdings in AptarGroup by 3.6% in the 2nd quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company's stock worth $332,000 after purchasing an additional 82 shares during the period. Finally, Argent Trust Co raised its holdings in AptarGroup by 6.1% in the 2nd quarter. Argent Trust Co now owns 1,685 shares of the industrial products company's stock worth $237,000 after purchasing an additional 97 shares during the period. Institutional investors own 88.52% of the company's stock.

AptarGroup Price Performance

Shares of ATR stock traded up $0.05 during trading hours on Friday, hitting $171.15. The stock had a trading volume of 209,219 shares, compared to its average volume of 230,864. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 2.97 and a beta of 0.58. AptarGroup, Inc. has a one year low of $122.29 and a one year high of $178.03. 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 stock's 50-day moving average price is $168.19 and its two-hundred day moving average price is $154.64.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.80 annualized dividend and a yield of 1.05%. AptarGroup's dividend payout ratio is currently 36.14%.

AptarGroup announced that its Board of Directors has initiated a share repurchase plan on Thursday, October 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently commented on ATR. Dbs Bank raised AptarGroup from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Wells Fargo & Company raised their price target on AptarGroup from $168.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Jefferies Financial Group raised AptarGroup from a "hold" rating to a "buy" rating and raised their price target for the company from $155.00 to $215.00 in a report on Monday, October 14th. Finally, Robert W. Baird raised their price target on AptarGroup from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Four equities research 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, the stock currently has a consensus rating of "Buy" and an average target price of $195.00.

Insider Buying and Selling

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the completion of the transaction, the executive vice president now owns 7,848 shares in the company, valued at $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gael Touya sold 3,300 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.62, for a total value of $500,346.00. Following the transaction, the insider now owns 32,165 shares of the company's stock, valued at $4,876,857.30. This trade represents a 9.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,639 shares of company stock worth $5,960,841. Corporate insiders own 1.00% of the company's stock.

About AptarGroup

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.