AptarGroup, Inc. (NYSE:ATR) Shares Sold by First Hawaiian Bank

First Hawaiian Bank decreased its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 7.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,947 shares of the industrial products company’s stock after selling 1,129 shares during the period. First Hawaiian Bank’s holdings in AptarGroup were worth $2,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in AptarGroup during the third quarter worth $25,000. UMB Bank n.a. increased its stake in shares of AptarGroup by 446.5% during the third 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. Huntington National Bank raised its position in shares of AptarGroup by 312.0% during the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 259 shares during the last quarter. GAMMA Investing LLC raised its position in shares of AptarGroup by 79.6% during the 3rd quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 265 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in AptarGroup by 42.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company’s stock valued at $102,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ATR shares. Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a report on Monday. Robert W. Baird increased 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. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Raymond James started coverage on shares of AptarGroup in a report on Tuesday. They set an “outperform” rating and a $200.00 target price for the company. Finally, Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and boosted their price target for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $190.60.

AptarGroup Stock Up 0.3 %

Shares of NYSE:ATR opened at $153.82 on Thursday. AptarGroup, Inc. has a 52-week low of $122.97 and a 52-week high of $178.03. The stock has a market cap of $10.24 billion, a P/E ratio of 30.89, a PEG ratio of 2.97 and a beta of 0.59. The business has a fifty day moving average of $166.88 and a two-hundred day moving average of $156.96. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32.

AptarGroup declared that its board has authorized a share repurchase program on Thursday, October 10th that allows the company to buyback $500.00 million in 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 often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other AptarGroup news, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup stock in a transaction dated 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 directly owns 174,118 shares of the company’s stock, valued at $29,530,412.80. The trade was a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimberly Chainey sold 964 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $168.83, for a total transaction of $162,752.12. Following the completion of the sale, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. This trade represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.