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

AptarGroup, Inc. (NYSE:ATR) EVP Kimberly Chainey sold 964 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AptarGroup Price Performance

AptarGroup stock traded down $7.59 during midday 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. 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, Inc. has a fifty-two week low of $122.29 and a fifty-two week high of $178.03. The firm has a market capitalization of $11.08 billion, a PE ratio of 33.43, a P/E/G ratio of 3.02 and a beta of 0.57. The stock’s 50 day simple moving average is $162.96 and its 200 day simple moving average is $152.07.

AptarGroup declared that its Board of Directors has initiated a share buyback plan on Thursday, October 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

AptarGroup Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On AptarGroup

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in shares of AptarGroup in the 3rd quarter worth about $25,000. Blue Trust Inc. grew its position in shares of AptarGroup by 281.0% in the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 177 shares during the last quarter. UMB Bank n.a. increased its stake in shares of AptarGroup by 446.5% during the 3rd 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. Gradient Investments LLC acquired a new position in shares of AptarGroup during the 2nd quarter worth approximately $40,000. Finally, Versant Capital Management Inc lifted its stake in AptarGroup by 4,983.3% in the 2nd quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock valued at $43,000 after buying an additional 299 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

About AptarGroup

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.