AptarGroup (NYSE:ATR) Price Target Raised to $185.00

AptarGroup (NYSE:ATR) had its price target hoisted by Robert W. Baird from $170.00 to $185.00 in a research note published on Monday, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

ATR has been the subject of several other research reports. Wells Fargo & Company boosted their target price on shares of AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and boosted their price objective for the company from $155.00 to $215.00 in a report on Monday, October 14th. Finally, Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AptarGroup presently has a consensus rating of “Buy” and a consensus price target of $195.00.

AptarGroup Stock Up 0.2 %

ATR stock opened at $169.02 on Monday. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $157.79 and a 200-day simple moving average of $149.48. The company has a market capitalization of $11.20 billion, a P/E ratio of 36.21, a PEG ratio of 3.29 and a beta of 0.58. AptarGroup has a twelve month low of $121.61 and a twelve month high of $171.41.

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

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, October 24th. This represents a $1.80 annualized dividend and a yield of 1.06%. AptarGroup’s dividend payout ratio (DPR) is 38.63%.

Insider Activity at AptarGroup

In other AptarGroup news, insider Xiangwei Gong sold 800 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total value of $117,248.00. Following the sale, the insider now directly owns 20,174 shares of the company’s stock, valued at $2,956,701.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other AptarGroup news, insider Xiangwei Gong sold 800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total value of $117,248.00. Following the completion of the transaction, the insider now owns 20,174 shares in the company, valued at approximately $2,956,701.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephan B. Tanda sold 30,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $169.60, for a total value 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,457 shares of company stock worth $7,680,110 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of AptarGroup

A number of hedge funds and other institutional investors have recently made changes to their positions in ATR. DekaBank Deutsche Girozentrale grew its holdings in shares of AptarGroup by 9.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,607 shares of the industrial products company’s stock worth $2,532,000 after acquiring an additional 1,583 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of AptarGroup by 167.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,690 shares of the industrial products company’s stock worth $957,000 after acquiring an additional 4,186 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in AptarGroup by 90.2% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,023 shares of the industrial products company’s stock valued at $2,737,000 after purchasing an additional 9,021 shares during the period. Duality Advisers LP grew its holdings in shares of AptarGroup by 139.0% during the first quarter. Duality Advisers LP now owns 14,187 shares of the industrial products company’s stock valued at $2,041,000 after buying an additional 8,251 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in AptarGroup in the 2nd quarter worth about $2,735,000. 88.52% of the stock is currently 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.