425 Shares in AptarGroup, Inc. (NYSE:ATR) Bought by Park Place Capital Corp

Park Place Capital Corp acquired a new stake in AptarGroup, Inc. (NYSE:ATR) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 425 shares of the industrial products company’s stock, valued at approximately $67,000.

Other large investors also recently made changes to their positions in the company. Howard Capital Management Group LLC raised its position in AptarGroup by 1.0% during the fourth quarter. Howard Capital Management Group LLC now owns 133,200 shares of the industrial products company’s stock worth $20,926,000 after acquiring an additional 1,325 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of AptarGroup in the fourth quarter valued at approximately $369,000. Albert D Mason Inc. increased its holdings in AptarGroup by 1.3% in the 4th quarter. Albert D Mason Inc. now owns 10,252 shares of the industrial products company’s stock valued at $1,611,000 after buying an additional 135 shares during the period. Legacy Wealth Asset Management LLC acquired a new stake in shares of AptarGroup in the 4th quarter valued at $858,000. Finally, West Coast Financial LLC lifted its holdings in shares of AptarGroup by 1.5% in the fourth quarter. West Coast Financial LLC now owns 21,787 shares of the industrial products company’s stock worth $3,423,000 after acquiring an additional 320 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

AptarGroup Trading Down 0.5 %

NYSE:ATR opened at $159.10 on Thursday. The company has a market cap of $10.59 billion, a PE ratio of 31.95, a PEG ratio of 2.57 and a beta of 0.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. AptarGroup, Inc. has a one year low of $128.05 and a one year high of $178.03. The firm has a 50-day moving average of $163.55 and a 200-day moving average of $157.88.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Robert W. Baird upped their price objective 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 assumed coverage on AptarGroup in a research report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 price objective for the company. Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a report on Monday, January 6th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lowered their target price on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $190.60.

Insider Activity

In other AptarGroup news, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $169.60, for a total transaction of $5,088,000.00. Following the transaction, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $29,530,412.80. This trade represents a 14.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kimberly Chainey sold 964 shares of AptarGroup 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 sale, the executive vice president now owns 7,848 shares in the company, valued at $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.