Toronto Dominion Bank Has $1.32 Million Stake in AptarGroup, Inc. (NYSE:ATR)

Toronto Dominion Bank boosted its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 15.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,263 shares of the industrial products company’s stock after acquiring an additional 1,098 shares during the quarter. Toronto Dominion Bank’s holdings in AptarGroup were worth $1,324,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC increased its position in shares of AptarGroup by 43.8% during the 3rd quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock worth $18,182,000 after purchasing an additional 34,573 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of AptarGroup by 43.9% during the third quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock worth $7,066,000 after buying an additional 12,271 shares in the last quarter. American Century Companies Inc. raised its stake in shares of AptarGroup by 35.9% in the second quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock valued at $113,395,000 after acquiring an additional 212,886 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AptarGroup by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 646,912 shares of the industrial products company’s stock worth $91,092,000 after acquiring an additional 12,533 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of AptarGroup by 29.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after acquiring an additional 479,193 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ATR shares. Dbs Bank raised 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 report on Monday, October 28th. Jefferies Financial Group raised shares of AptarGroup from a “hold” rating to a “buy” rating and boosted their target price for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Wells Fargo & Company increased their price target on shares of AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, AptarGroup has a consensus rating of “Buy” and a consensus target price of $195.00.

AptarGroup Price Performance

Shares of ATR stock opened at $167.59 on Tuesday. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.97 and a beta of 0.58. AptarGroup, Inc. has a 12 month low of $122.29 and a 12 month high of $178.03. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $169.33 and a 200 day moving average price of $155.57.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, October 24th. AptarGroup’s dividend payout ratio is 36.14%.

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

Insider Buying and Selling

In related news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction on 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 directly owns 7,848 shares of the company’s stock, valued at $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephan B. Tanda sold 30,000 shares of the stock in a transaction dated 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 directly owns 174,118 shares in the company, valued at $29,530,412.80. The trade was 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 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.