Hall Laurie J Trustee Cuts Position in AptarGroup, Inc. (NYSE:ATR)

Hall Laurie J Trustee reduced its position in shares of AptarGroup, Inc. (NYSE:ATR) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,010 shares of the industrial products company’s stock after selling 100 shares during the period. AptarGroup comprises about 1.3% of Hall Laurie J Trustee’s holdings, making the stock its 23rd largest holding. Hall Laurie J Trustee’s holdings in AptarGroup were worth $4,086,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ATR. Congress Asset Management Co. acquired a new stake in shares of AptarGroup during the third quarter worth about $108,239,000. Victory Capital Management Inc. grew its stake in shares of AptarGroup by 29.4% during the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after purchasing an additional 479,193 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in 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 buying an additional 347,800 shares during the last quarter. FMR LLC raised its stake in 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 buying an additional 214,097 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in AptarGroup by 36.2% during the 2nd quarter. Millennium Management LLC now owns 519,700 shares of the industrial products company’s stock worth $73,179,000 after buying an additional 138,134 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephan B. Tanda sold 30,000 shares of the 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 transaction, the chief executive officer now directly owns 174,118 shares in the company, valued at approximately $29,530,412.80. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

AptarGroup Stock Down 0.2 %

ATR stock opened at $156.08 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $164.26 and its 200 day moving average price is $157.64. AptarGroup, Inc. has a 52 week low of $126.31 and a 52 week high of $178.03. The company has a market cap of $10.39 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.52 and a beta of 0.59.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ATR shares. Robert W. Baird boosted their target price on AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Raymond James began coverage on shares of AptarGroup in a research report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 price objective for the company. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company reduced their target price on AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and upped their price target for the company from $155.00 to $215.00 in a research report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $190.60.

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.