Captrust Financial Advisors Has $732,000 Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Captrust Financial Advisors lifted its position in AptarGroup, Inc. (NYSE:ATR) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,570 shares of the industrial products company’s stock after buying an additional 127 shares during the quarter. Captrust Financial Advisors’ holdings in AptarGroup were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ATR. Capital Performance Advisors LLP acquired a new position in AptarGroup during the 3rd quarter worth $25,000. UMB Bank n.a. boosted its stake in AptarGroup by 446.5% during the 3rd 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 period. Blue Trust Inc. boosted its stake in AptarGroup by 281.0% during the 2nd 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 period. Gradient Investments LLC acquired a new stake in AptarGroup in the 2nd quarter valued at approximately $40,000. Finally, Huntington National Bank increased its position in AptarGroup by 312.0% in the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock worth $55,000 after buying an additional 259 shares during the period. 88.52% of the stock is owned by institutional investors.

Insider Activity at AptarGroup

In other news, CEO Stephan B. Tanda sold 30,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at $29,530,412.80. This represents a 14.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the transaction, the executive vice president now directly owns 7,848 shares in the company, valued at $1,324,977.84. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,339 shares of company stock worth $5,460,495. 1.00% of the stock is owned by insiders.

AptarGroup Trading Up 0.0 %

ATR opened at $170.86 on Wednesday. The firm has a 50 day simple moving average of $168.62 and a 200 day simple moving average of $155.04. AptarGroup, Inc. has a fifty-two week low of $122.29 and a fifty-two week high of $178.03. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 2.95 and a beta of 0.58. 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 declared that its board has authorized a stock buyback program on Thursday, October 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.05%. AptarGroup’s dividend payout ratio (DPR) is presently 36.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ATR shares. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and lifted their target price for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Robert W. Baird upped their price objective 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. Finally, Wells Fargo & Company lifted their price target on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a 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. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.