AptarGroup, Inc. (NYSE:ATR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 67.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,002 shares of the industrial products company’s stock after purchasing an additional 404 shares during the period. GAMMA Investing LLC’s holdings in AptarGroup were worth $157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Congress Asset Management Co. bought a new position in AptarGroup in the 3rd quarter valued at about $108,239,000. Victory Capital Management Inc. lifted its stake in shares of AptarGroup by 29.4% in 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 acquiring an additional 479,193 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of AptarGroup by 182.1% in the third quarter. Handelsbanken Fonder AB now owns 538,830 shares of the industrial products company’s stock valued at $86,315,000 after acquiring an additional 347,800 shares in the last quarter. FMR LLC boosted its holdings in shares of AptarGroup by 13.0% in the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock valued at $298,626,000 after acquiring an additional 214,097 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of 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 period. 88.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wells Fargo & Company decreased their price target on AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and lifted their target price for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Raymond James started coverage on shares of AptarGroup in a research report on Tuesday. They issued an “outperform” rating and a $200.00 price target on the stock. Finally, Robert W. Baird raised their price objective 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. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $190.60.

Insiders Place Their Bets

In other AptarGroup news, CEO Stephan B. Tanda sold 30,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 174,118 shares in the company, valued at approximately $29,530,412.80. This trade represents a 14.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kimberly Chainey sold 964 shares of the 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 sale, the executive vice president now owns 7,848 shares of the company’s stock, 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. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Stock Up 0.3 %

Shares of AptarGroup stock opened at $153.82 on Thursday. AptarGroup, Inc. has a 12-month low of $122.97 and a 12-month high of $178.03. The firm has a market capitalization of $10.24 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 2.97 and a beta of 0.59. 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’s fifty day moving average is $166.88 and its 200-day moving average is $156.96.

AptarGroup announced that its Board of Directors has initiated a stock repurchase program on Thursday, October 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.