4,271 Shares in AptarGroup, Inc. (NYSE:ATR) Purchased by Walleye Capital LLC

Walleye Capital LLC bought a new position in AptarGroup, Inc. (NYSE:ATR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,271 shares of the industrial products company's stock, valued at approximately $684,000.

Several other hedge funds have also recently modified their holdings of ATR. Natixis Advisors LLC boosted its holdings in AptarGroup by 43.8% in the third quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company's stock worth $18,182,000 after purchasing an additional 34,573 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of AptarGroup in the second quarter worth $2,735,000. Eagle Asset Management Inc. grew its holdings in shares of AptarGroup by 43.9% in the third quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company's stock worth $7,066,000 after acquiring an additional 12,271 shares during the period. American Century Companies Inc. increased its position in AptarGroup by 35.9% during the second 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 during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in AptarGroup by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 646,912 shares of the industrial products company's stock valued at $91,092,000 after acquiring an additional 12,533 shares during the period. Hedge funds and other institutional investors own 88.52% of the company's stock.

Insider Activity

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

AptarGroup Stock Performance

AptarGroup stock traded up $0.05 during midday trading on Friday, hitting $171.15. The stock had a trading volume of 209,219 shares, compared to its average volume of 230,864. AptarGroup, Inc. has a 52-week low of $122.29 and a 52-week high of $178.03. The company has a market capitalization of $11.39 billion, a PE ratio of 34.37, a P/E/G ratio of 2.97 and a beta of 0.58. The firm's fifty day moving average is $168.19 and its two-hundred day moving average is $154.68. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

AptarGroup announced that its board has initiated a stock repurchase plan on Thursday, October 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock buyback plans are usually 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 was paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th were paid a $0.45 dividend. The ex-dividend date was Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.05%. AptarGroup's dividend payout ratio (DPR) is presently 36.14%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Jefferies Financial Group raised shares of AptarGroup from a "hold" rating to a "buy" rating and upped their price target for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Robert W. Baird boosted their target price on shares of AptarGroup from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Wells Fargo & Company increased their price target 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. Finally, Dbs Bank raised shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $195.00.

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.