AptarGroup, Inc. (NYSE:ATR) Shares Sold by Barclays PLC

Barclays PLC reduced its position in AptarGroup, Inc. (NYSE:ATR) by 31.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 29,499 shares of the industrial products company’s stock after selling 13,697 shares during the quarter. Barclays PLC’s holdings in AptarGroup were worth $4,724,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of AptarGroup in the third quarter valued at about $25,000. Blue Trust Inc. boosted its holdings in AptarGroup by 281.0% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 177 shares in the last quarter. UMB Bank n.a. increased its position in AptarGroup by 446.5% during the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 192 shares during the period. Huntington National Bank raised its stake in shares of AptarGroup by 312.0% during the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock worth $55,000 after buying an additional 259 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of AptarGroup by 79.6% in the 3rd quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company’s stock valued at $96,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Jefferies Financial Group upgraded shares of 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 note on Monday, October 14th. Robert W. Baird boosted 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, October 28th. Finally, Wells Fargo & Company increased their target price on shares of AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $195.00.

Insider Buying and Selling at AptarGroup

In other 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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kimberly Chainey sold 964 shares of the stock in a transaction 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 approximately $1,324,977.84. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

AptarGroup Trading Down 0.4 %

NYSE:ATR opened at $158.18 on Friday. AptarGroup, Inc. has a 52-week low of $122.29 and a 52-week high of $178.03. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $169.50 and a 200-day simple moving average of $155.99. The company has a market capitalization of $10.53 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, October 24th. AptarGroup’s payout ratio is currently 36.14%.

AptarGroup announced that its board has initiated a stock buyback program on Thursday, October 10th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are often a sign 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.