AptarGroup (NYSE:ATR) PT Raised to $185.00 at Robert W. Baird

AptarGroup (NYSE:ATR) had its price objective upped by equities research analysts at Robert W. Baird from $170.00 to $185.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 9.63% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and lifted their price target for the company from $155.00 to $215.00 in a report on Monday, October 14th. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price target 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 research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $195.00.

AptarGroup Price Performance

NYSE ATR opened at $168.75 on Monday. The company has a market cap of $11.18 billion, a PE ratio of 36.30, a P/E/G ratio of 3.29 and a beta of 0.58. The firm’s 50 day moving average price is $157.38 and its 200-day moving average price is $149.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36. AptarGroup has a 52-week low of $120.85 and a 52-week high of $171.41.

AptarGroup announced that its board has approved a share repurchase plan on Thursday, October 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to purchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other AptarGroup news, insider Gael Touya sold 3,300 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.62, for a total transaction of $500,346.00. Following the sale, the insider now owns 32,165 shares of the company’s stock, valued at approximately $4,876,857.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Stephan B. Tanda sold 30,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at approximately $29,530,412.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gael Touya sold 3,300 shares of AptarGroup 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 sale, the insider now directly owns 32,165 shares of the company’s stock, valued at $4,876,857.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,457 shares of company stock valued at $7,680,110. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AptarGroup

A number of institutional investors have recently bought and sold shares of ATR. UMB Bank n.a. raised its stake in shares of AptarGroup by 446.5% during the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after buying an additional 192 shares during the last quarter. Blue Trust Inc. raised its position in AptarGroup by 281.0% during the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 177 shares in the last quarter. Gradient Investments LLC acquired a new position in AptarGroup in the second quarter valued at approximately $40,000. Versant Capital Management Inc lifted its holdings in AptarGroup by 4,983.3% in the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 299 shares during the period. Finally, Adirondack Trust Co. boosted 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 in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

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.