Wells Fargo & Company Issues Pessimistic Forecast for AptarGroup (NYSE:ATR) Stock Price

AptarGroup (NYSE:ATR) had its price target lowered by equities researchers at Wells Fargo & Company from $185.00 to $180.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 17.53% from the company’s previous close.

Several other analysts have also recently commented on ATR. Robert W. Baird upped their target price on shares of AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and increased their price target for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Finally, Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a report on Monday. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AptarGroup has an average rating of “Buy” and a consensus price target of $190.60.

AptarGroup Stock Up 0.2 %

Shares of NYSE:ATR opened at $153.15 on Monday. The company has a 50 day moving average of $167.20 and a 200-day moving average of $156.91. AptarGroup has a one year low of $122.37 and a one year high of $178.03. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 2.97 and a beta of 0.59. 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 announced that its Board of Directors has approved a stock repurchase program on Thursday, October 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at AptarGroup

In related news, 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 value of $162,752.12. Following the sale, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephan B. Tanda sold 30,000 shares of the company’s stock in a transaction that occurred 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 directly owns 174,118 shares of the company’s stock, valued at approximately $29,530,412.80. This trade represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Trading of AptarGroup

A number of institutional investors have recently made changes to their positions in ATR. Natixis Advisors LLC increased its stake in AptarGroup by 43.8% in the 3rd quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock valued at $18,182,000 after buying an additional 34,573 shares during the last quarter. Eagle Asset Management Inc. boosted its position in AptarGroup by 43.9% during the third quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock valued at $7,066,000 after purchasing an additional 12,271 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AptarGroup by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after purchasing an additional 83,452 shares during the last quarter. American Century Companies Inc. raised its stake in shares of AptarGroup by 35.9% during the 2nd 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 in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of AptarGroup by 29.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock valued at $337,502,000 after buying an additional 479,193 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

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.