Centennial Wealth Advisory LLC Purchases New Position in AptarGroup, Inc. (NYSE:ATR)

Centennial Wealth Advisory LLC acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,272 shares of the industrial products company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in AptarGroup by 281.0% during the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock worth $35,000 after buying an additional 177 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of AptarGroup by 446.5% in the third quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 192 shares during the last quarter. Gradient Investments LLC bought a new position in shares of AptarGroup during the second quarter valued at about $40,000. Versant Capital Management Inc boosted its holdings in AptarGroup by 4,983.3% during the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 299 shares during the last quarter. Finally, Adirondack Trust Co. grew its position in AptarGroup by 25.0% in the 2nd quarter. Adirondack Trust Co. now owns 500 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 100 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Stock Up 1.6 %

ATR stock opened at $173.12 on Thursday. The stock has a fifty day moving average of $160.12 and a 200-day moving average of $150.70. AptarGroup, Inc. has a fifty-two week low of $122.29 and a fifty-two week high of $175.15. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 2.91 and a beta of 0.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62.

AptarGroup announced that its board has initiated a stock buyback program 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 repurchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.04%. AptarGroup’s payout ratio is 36.14%.

Insider Activity

In related news, insider Xiangwei Gong sold 7,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $146.52, for a total value of $1,054,944.00. Following the completion of the transaction, the insider now directly owns 12,974 shares of the company’s stock, valued at approximately $1,900,950.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AptarGroup news, insider Gael Touya sold 3,300 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the completion of the transaction, the insider now owns 32,165 shares in the company, valued at $4,876,857.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Xiangwei Gong sold 7,200 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $146.52, for a total transaction of $1,054,944.00. Following the completion of the sale, the insider now directly owns 12,974 shares in the company, valued at approximately $1,900,950.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,657 shares of company stock valued at $7,562,862 over the last quarter. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.