AptarGroup, Inc. (NYSE:ATR) CEO Stephan B. Tanda Sells 30,000 Shares

AptarGroup, Inc. (NYSE:ATR) CEO Stephan B. Tanda sold 30,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 174,118 shares in the company, valued at approximately $29,530,412.80. This trade represents a 0.00 % 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.

AptarGroup Stock Performance

ATR opened at $168.75 on Wednesday. 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 business has a fifty day simple moving average of $157.38 and a 200 day simple moving average of $149.26. AptarGroup, Inc. has a 1 year low of $120.85 and a 1 year high of $171.41. The company has a market capitalization of $11.18 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58.

AptarGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors 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 presently 38.63%.

AptarGroup announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of AptarGroup

Institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale increased its position in shares of AptarGroup by 9.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 17,607 shares of the industrial products company’s stock worth $2,532,000 after purchasing an additional 1,583 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in AptarGroup by 167.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,690 shares of the industrial products company’s stock worth $957,000 after purchasing an additional 4,186 shares during the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of AptarGroup by 90.2% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,023 shares of the industrial products company’s stock valued at $2,737,000 after purchasing an additional 9,021 shares during the last quarter. Duality Advisers LP raised its holdings in shares of AptarGroup by 139.0% during the 1st quarter. Duality Advisers LP now owns 14,187 shares of the industrial products company’s stock worth $2,041,000 after buying an additional 8,251 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of AptarGroup during the 2nd quarter worth $2,735,000. Institutional investors own 88.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ATR. Robert W. Baird lifted their price target on 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 raised their price objective for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Wells Fargo & Company boosted their target price on AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Four investment 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 company presently has an average rating of “Buy” and an average target price of $195.00.

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.