AptarGroup, Inc. (NYSE:ATR) Shares Sold by Hall Laurie J Trustee

Hall Laurie J Trustee reduced its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,010 shares of the industrial products company’s stock after selling 100 shares during the quarter. AptarGroup accounts for about 1.3% of Hall Laurie J Trustee’s investment portfolio, making the stock its 23rd largest holding. Hall Laurie J Trustee’s holdings in AptarGroup were worth $4,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its holdings in shares of AptarGroup by 3.6% in the third quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock valued at $317,000 after acquiring an additional 68 shares in the last quarter. Commerce Bank boosted its stake in AptarGroup by 3.3% during the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock valued at $376,000 after purchasing an additional 75 shares in the last quarter. Ballentine Partners LLC increased its position in shares of AptarGroup by 2.3% during the 3rd quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company’s stock valued at $531,000 after purchasing an additional 76 shares during the period. Glenmede Trust Co. NA raised its position in AptarGroup by 2.3% in the third quarter. Glenmede Trust Co. NA now owns 4,585 shares of the industrial products company’s stock worth $734,000 after acquiring an additional 104 shares in the last quarter. Finally, Fulton Bank N.A. raised its holdings in shares of AptarGroup by 6.0% in the 3rd quarter. Fulton Bank N.A. now owns 2,058 shares of the industrial products company’s stock worth $330,000 after purchasing an additional 117 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Kimberly Chainey sold 964 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was 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 owns 7,848 shares in the company, valued at approximately $1,324,977.84. This represents a 10.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephan B. Tanda sold 30,000 shares of the 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 transaction, the chief executive officer now owns 174,118 shares in the company, 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. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on ATR. Raymond James initiated coverage on AptarGroup in a research note on Tuesday, January 7th. They set an “outperform” rating and a $200.00 price objective for the company. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company reduced their price objective on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. 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. Finally, Robert W. Baird raised their price objective on shares of AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $190.60.

AptarGroup Price Performance

ATR opened at $156.08 on Monday. The stock has a fifty day moving average price of $164.26 and a 200 day moving average price of $157.64. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. AptarGroup, Inc. has a 1 year low of $126.31 and a 1 year high of $178.03. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 2.52 and a beta of 0.59.

AptarGroup declared that its board has authorized a stock 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 reacquire up to 4.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.