Hanson & Doremus Investment Management lifted its holdings in AptarGroup, Inc. (NYSE:ATR – Free Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,683 shares of the industrial products company’s stock after purchasing an additional 99 shares during the period. Hanson & Doremus Investment Management’s holdings in AptarGroup were worth $2,621,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of ATR. CIBC Asset Management Inc increased its stake in shares of AptarGroup by 3.6% during the third quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock worth $317,000 after purchasing an additional 68 shares in the last quarter. Commerce Bank boosted its holdings in AptarGroup by 3.3% in the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock worth $376,000 after buying an additional 75 shares during the last quarter. Ballentine Partners LLC increased its stake in AptarGroup by 2.3% during the 3rd quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company’s stock worth $531,000 after buying an additional 76 shares in the last quarter. Blue Trust Inc. lifted its position in shares of AptarGroup by 9.3% in the fourth quarter. Blue Trust Inc. now owns 961 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 82 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of AptarGroup by 2.3% in the third quarter. Glenmede Trust Co. NA now owns 4,585 shares of the industrial products company’s stock valued at $734,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.
Insider Buying and Selling
In other news, EVP Kimberly Chainey sold 964 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.
AptarGroup Price Performance
AptarGroup declared that its board has approved a stock repurchase program on Thursday, October 10th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
AptarGroup Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, February 5th. AptarGroup’s dividend payout ratio is presently 36.14%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Raymond James started coverage on AptarGroup in a research note on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 price objective for the company. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and increased their target price for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Robert W. Baird upped their price objective on shares of AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company decreased their target price on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $190.60.
Check Out Our Latest Stock Report on AptarGroup
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.
Featured Stories
- Five stocks we like better than AptarGroup
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Coinbase Gains Momentum on App Store—What It Means for the Stock
- Energy and Oil Stocks Explained
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- Upcoming IPO Stock Lockup Period, Explained
- 3 Steel Stocks Soaring After Tariff Announcements
Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.