Kimberly Chainey Sells 964 Shares of AptarGroup, Inc. (NYSE:ATR) Stock

AptarGroup, Inc. (NYSE:ATR) EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction dated 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 owns 7,848 shares of the company’s stock, valued at $1,324,977.84. This trade represents a 10.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AptarGroup Stock Down 4.4 %

Shares of ATR traded down $7.59 during trading on Friday, reaching $166.51. The company’s stock had a trading volume of 620,423 shares, compared to its average volume of 292,523. AptarGroup, Inc. has a twelve month low of $122.29 and a twelve month high of $178.03. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 3.02 and a beta of 0.57. The company has a fifty day moving average of $162.96 and a two-hundred day moving average of $152.07.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.08%. AptarGroup’s dividend payout ratio (DPR) is 36.14%.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Robert W. Baird increased their target price on AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and upped their target price for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Wells Fargo & Company lifted their price target on shares of AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, AptarGroup has an average rating of “Buy” and an average price target of $195.00.

Institutional Trading of AptarGroup

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc increased its stake in AptarGroup by 3.6% during the third quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 68 shares during the last quarter. Commerce Bank grew its position in shares of AptarGroup by 3.3% during the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock valued at $376,000 after buying an additional 75 shares during the last quarter. Ballentine Partners LLC raised its stake in AptarGroup by 2.3% during the third quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company’s stock worth $531,000 after acquiring an additional 76 shares during the period. Fifth Third Bancorp lifted its holdings in AptarGroup by 3.6% in 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 during the last quarter. Finally, Argent Trust Co boosted its stake in AptarGroup by 6.1% in the second quarter. Argent Trust Co now owns 1,685 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 97 shares during the period. 88.52% of the stock is owned by 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.