Exchange Traded Concepts LLC Buys 198 Shares of AptarGroup, Inc. (NYSE:ATR)

Exchange Traded Concepts LLC boosted its position in AptarGroup, Inc. (NYSE:ATR) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,786 shares of the industrial products company’s stock after acquiring an additional 198 shares during the quarter. Exchange Traded Concepts LLC’s holdings in AptarGroup were worth $767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in shares of AptarGroup by 3.6% during the second quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 82 shares in the last quarter. Argent Trust Co grew its holdings in shares of AptarGroup by 6.1% during the 2nd quarter. Argent Trust Co now owns 1,685 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 97 shares during the last quarter. Adirondack Trust Co. raised its position in AptarGroup by 25.0% in the 2nd quarter. Adirondack Trust Co. now owns 500 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 100 shares during the period. Fulton Bank N.A. lifted its stake in AptarGroup by 6.0% in the third quarter. Fulton Bank N.A. now owns 2,058 shares of the industrial products company’s stock worth $330,000 after purchasing an additional 117 shares during the last quarter. Finally, Delaney Dennis R lifted its stake in AptarGroup by 0.3% in the second quarter. Delaney Dennis R now owns 45,774 shares of the industrial products company’s stock worth $6,445,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Up 0.4 %

Shares of NYSE:ATR opened at $168.52 on Friday. AptarGroup, Inc. has a 1 year low of $120.36 and a 1 year high of $169.65. 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 stock’s 50-day moving average is $154.73 and its 200 day moving average is $148.02. The company has a market cap of $11.17 billion, a PE ratio of 36.16, a P/E/G ratio of 3.29 and a beta of 0.58.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.01. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The firm had revenue of $910.10 million for the quarter, compared to analysts’ expectations of $930.15 million. During the same period in the previous year, the firm earned $1.23 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current year.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be given a $0.45 dividend. The ex-dividend date is Thursday, October 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.07%. AptarGroup’s dividend payout ratio is 38.63%.

AptarGroup announced that its board has authorized a share buyback program on Thursday, October 10th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 4.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently commented on ATR. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their price objective on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AptarGroup currently has a consensus rating of “Buy” and a consensus price target of $190.00.

Insider Activity

In related news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $147.56, for a total value of $4,721,920.00. Following the completion of the transaction, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at $25,692,852.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the transaction, the chief executive officer now owns 174,118 shares in the company, valued at approximately $25,692,852.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Xiangwei Gong sold 7,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $146.52, for a total value of $1,054,944.00. Following the completion of the transaction, the insider now owns 12,974 shares of the company’s stock, valued at approximately $1,900,950.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,457 shares of company stock valued at $7,314,030. 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.