PEAK6 Investments LLC Grows Holdings in AptarGroup, Inc. (NYSE:ATR)

PEAK6 Investments LLC grew its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 141.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,501 shares of the industrial products company’s stock after purchasing an additional 2,052 shares during the quarter. PEAK6 Investments LLC’s holdings in AptarGroup were worth $561,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in AptarGroup by 29.4% in the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after purchasing an additional 479,193 shares in the last quarter. FMR LLC increased its holdings in shares of AptarGroup by 13.0% in the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock valued at $298,626,000 after purchasing an additional 214,097 shares during the period. Mawer Investment Management Ltd. raised its position in AptarGroup by 7.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock worth $185,516,000 after buying an additional 82,934 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of AptarGroup by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 953,950 shares of the industrial products company’s stock valued at $152,813,000 after acquiring an additional 17,975 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of AptarGroup by 35.9% during the second quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock worth $113,395,000 after purchasing an additional 212,886 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Stock Down 0.2 %

AptarGroup stock opened at $172.40 on Wednesday. AptarGroup, Inc. has a 12 month low of $122.29 and a 12 month high of $178.03. The stock has a market capitalization of $11.47 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 2.97 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. The business has a 50 day simple moving average of $167.40 and a 200-day simple moving average of $154.23.

AptarGroup announced that its board has approved a share buyback plan on Thursday, October 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, October 24th. AptarGroup’s dividend payout ratio is presently 36.14%.

Insider Buying and Selling at AptarGroup

In other news, insider Gael Touya sold 3,300 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the transaction, the insider now owns 32,165 shares in the company, valued at $4,876,857.30. This trade represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Hedi Tlili sold 1,375 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the completion of the transaction, the insider now owns 9,379 shares in the company, valued at $1,430,672.66. The trade was a 12.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,639 shares of company stock valued at $5,960,841 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

ATR has been the topic of a number of recent research reports. Wells Fargo & Company upped 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 raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Robert W. Baird increased 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 raised shares of AptarGroup from a “hold” rating to a “buy” rating and lifted their price objective for the company from $155.00 to $215.00 in a report on Monday, October 14th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $195.00.

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.