Oak Thistle LLC Invests $2.20 Million in AptarGroup, Inc. (NYSE:ATR)

Oak Thistle LLC bought a new stake in AptarGroup, Inc. (NYSE:ATRFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,016 shares of the industrial products company’s stock, valued at approximately $2,202,000. AptarGroup comprises 0.7% of Oak Thistle LLC’s portfolio, making the stock its 16th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of AptarGroup in the 3rd quarter valued at about $25,000. UMB Bank n.a. lifted its stake in AptarGroup by 446.5% in the third quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after buying an additional 192 shares during the period. Huntington National Bank lifted its stake in AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after buying an additional 259 shares during the period. GAMMA Investing LLC boosted its holdings 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 buying an additional 265 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of AptarGroup by 42.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company’s stock worth $102,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Stock Up 0.5 %

AptarGroup stock opened at $154.62 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $165.37 and its two-hundred day moving average price is $157.31. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 2.97 and a beta of 0.59. AptarGroup, Inc. has a 1-year low of $125.51 and a 1-year high of $178.03.

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

Insider Buying and Selling

In other news, EVP Kimberly Chainey sold 964 shares of the 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 completion of the sale, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at $1,324,977.84. This represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephan B. Tanda sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $169.60, for a total value of $5,088,000.00. Following the completion of the transaction, the chief executive officer now owns 174,118 shares in the company, valued at $29,530,412.80. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ATR shares. Bank of America downgraded shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a research report on Monday, January 6th. Dbs Bank upgraded 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 objective on shares of AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Raymond James started coverage on AptarGroup in a research report on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 target price for the company. Finally, Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and upped their price target for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AptarGroup has a consensus rating of “Buy” and a consensus price target of $190.60.

Get Our Latest Analysis on ATR

AptarGroup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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