AptarGroup (NYSE:ATR) Price Target Cut to $180.00 by Analysts at Wells Fargo & Company

AptarGroup (NYSE:ATR) had its price objective decreased by Wells Fargo & Company from $185.00 to $180.00 in a research note published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.

Other equities analysts also recently issued reports about the company. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and raised their price target for the company from $155.00 to $215.00 in a report on Monday, October 14th. Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a report on Monday. Finally, Robert W. Baird raised their price target on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, October 28th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $190.60.

AptarGroup Price Performance

Shares of NYSE:ATR opened at $153.82 on Monday. AptarGroup has a 1-year low of $122.97 and a 1-year high of $178.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. The business has a fifty day moving average price of $166.88 and a 200-day moving average price of $156.96. The company has a market capitalization of $10.24 billion, a PE ratio of 30.89, a PEG ratio of 2.97 and a beta of 0.59.

AptarGroup announced that its board has approved 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 purchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $168.83, for a total value of $162,752.12. Following the transaction, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. This trade represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $5,088,000.00. Following the completion of the transaction, the chief executive officer now directly owns 174,118 shares in the company, valued at $29,530,412.80. The trade was a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Asset Management Inc boosted its position in AptarGroup by 3.6% in the third quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock worth $317,000 after purchasing an additional 68 shares during the last quarter. Commerce Bank boosted its position in AptarGroup by 3.3% in the third quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock worth $376,000 after purchasing an additional 75 shares during the last quarter. Ballentine Partners LLC boosted its position in AptarGroup by 2.3% in the third quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company’s stock worth $531,000 after purchasing an additional 76 shares during the last quarter. Argent Trust Co boosted its position in AptarGroup by 6.1% in the second quarter. Argent Trust Co now owns 1,685 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 97 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of AptarGroup by 2.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,585 shares of the industrial products company’s stock valued at $734,000 after buying an additional 104 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.