AptarGroup, Inc. (NYSE:ATR) Shares Bought by Albert D Mason Inc.

Albert D Mason Inc. grew its holdings in AptarGroup, Inc. (NYSE:ATR) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,252 shares of the industrial products company’s stock after buying an additional 135 shares during the period. AptarGroup accounts for about 1.1% of Albert D Mason Inc.’s holdings, making the stock its 29th biggest holding. Albert D Mason Inc.’s holdings in AptarGroup were worth $1,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in AptarGroup during the third quarter worth approximately $25,000. UMB Bank n.a. increased its stake in shares of AptarGroup by 446.5% in the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 192 shares during the last quarter. Huntington National Bank raised its holdings in shares of AptarGroup by 312.0% during the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 259 shares during the period. GAMMA Investing LLC boosted its position 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 valued at $96,000 after acquiring an additional 265 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of AptarGroup by 42.9% in the third quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 191 shares during the period. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Stock Down 0.2 %

NYSE:ATR opened at $156.08 on Friday. AptarGroup, Inc. has a 52 week low of $126.31 and a 52 week high of $178.03. The stock’s fifty day moving average is $164.26 and its two-hundred day moving average is $157.41. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 2.52 and a beta of 0.59. 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 announced that its board has initiated a share repurchase plan on Thursday, October 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

ATR has been the topic of a number of analyst reports. Raymond James started coverage on shares of AptarGroup in a research note on Tuesday, January 7th. They set an “outperform” rating and a $200.00 target price on the stock. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Robert W. Baird increased their price objective on AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company reduced their target price on AptarGroup from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $190.60.

Insider Buying and Selling

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the business’s stock in a transaction on 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 owns 7,848 shares in the company, valued at $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephan B. Tanda sold 30,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 174,118 shares in the company, valued at approximately $29,530,412.80. The trade was a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

AptarGroup 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.