AptarGroup, Inc. (NYSE:ATR) Position Decreased by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lowered its holdings in AptarGroup, Inc. (NYSE:ATR) by 0.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 299,019 shares of the industrial products company’s stock after selling 1,611 shares during the period. AptarGroup accounts for 3.3% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 9th largest holding. Mountain Pacific Investment Advisers LLC’s holdings in AptarGroup were worth $46,976,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ATR. HB Wealth Management LLC acquired a new position in shares of AptarGroup during the 4th quarter valued at about $369,000. Albert D Mason Inc. raised its stake in AptarGroup by 1.3% during the fourth quarter. Albert D Mason Inc. now owns 10,252 shares of the industrial products company’s stock worth $1,611,000 after purchasing an additional 135 shares during the period. Legacy Wealth Asset Management LLC acquired a new position in shares of AptarGroup in the 4th quarter valued at $858,000. West Coast Financial LLC grew its stake in shares of AptarGroup by 1.5% during the 4th quarter. West Coast Financial LLC now owns 21,787 shares of the industrial products company’s stock valued at $3,423,000 after buying an additional 320 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in shares of AptarGroup by 174.0% during the 4th quarter. Park Avenue Securities LLC now owns 3,628 shares of the industrial products company’s stock worth $570,000 after buying an additional 2,304 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AptarGroup

In other news, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $169.60, for a total transaction of $5,088,000.00. Following the sale, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at approximately $29,530,412.80. The trade was a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kimberly Chainey sold 964 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $168.83, for a total value of $162,752.12. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Stock Down 0.2 %

NYSE ATR opened at $156.08 on Tuesday. 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, Inc. has a fifty-two week low of $126.31 and a fifty-two week high of $178.03. The business has a 50 day moving average price of $163.86 and a two-hundred day moving average price of $157.75. The stock has a market cap of $10.39 billion, a PE ratio of 31.34, a P/E/G ratio of 2.52 and a beta of 0.59.

AptarGroup declared that its board has approved a share buyback plan 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 purchase up to 4.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ATR shares. Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a report on Monday, January 6th. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Jefferies Financial Group raised shares of AptarGroup from a “hold” rating to a “buy” rating and increased their target price for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Raymond James began coverage on shares of AptarGroup in a research report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $190.60.

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.