Mountain Pacific Investment Advisers LLC Sells 1,611 Shares of AptarGroup, Inc. (NYSE:ATR)

Mountain Pacific Investment Advisers LLC cut its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 299,019 shares of the industrial products company’s stock after selling 1,611 shares during the quarter. AptarGroup accounts for approximately 3.3% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 9th biggest position. Mountain Pacific Investment Advisers LLC owned approximately 0.45% of AptarGroup worth $46,976,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATR. Capital Performance Advisors LLP acquired a new stake in shares of AptarGroup in the 3rd quarter worth $25,000. UMB Bank n.a. raised its holdings in AptarGroup by 446.5% during the third quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 192 shares in the last quarter. Huntington National Bank lifted its position in AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 259 shares during the period. GAMMA Investing LLC boosted its holdings in AptarGroup by 79.6% in the 3rd quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 265 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in AptarGroup by 42.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 191 shares during the period. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

AptarGroup Stock Performance

NYSE:ATR opened at $156.08 on Tuesday. 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 has a market capitalization of $10.39 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 2.52 and a beta of 0.59. The firm has a 50-day moving average price of $163.86 and a two-hundred day moving average price of $157.75. AptarGroup, Inc. has a twelve month low of $126.31 and a twelve month high of $178.03.

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

Wall Street Analyst Weigh In

ATR has been the topic of a number of analyst reports. Robert W. Baird lifted their price target on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Raymond James initiated coverage on shares of AptarGroup in a research report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 target price on the stock. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Bank of America downgraded shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their target price on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, January 6th. One investment 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 stock. Based on data from MarketBeat.com, AptarGroup has a consensus rating of “Buy” and an average price target of $190.60.

Insider Activity

In other AptarGroup news, 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 transaction of $5,088,000.00. Following the sale, the chief executive officer now owns 174,118 shares in the company, valued at approximately $29,530,412.80. This represents a 14.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kimberly Chainey sold 964 shares of the firm’s stock in a transaction on 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 $1,324,977.84. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.