AptarGroup, Inc. (NYSE:ATR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 5.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,881 shares of the industrial products company’s stock after selling 2,060 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AptarGroup were worth $5,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATR. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of AptarGroup by 167.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,690 shares of the industrial products company’s stock worth $957,000 after acquiring an additional 4,186 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in AptarGroup by 1.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,002 shares of the industrial products company’s stock worth $1,583,000 after purchasing an additional 167 shares during the period. CANADA LIFE ASSURANCE Co raised its position in AptarGroup by 2.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 69,802 shares of the industrial products company’s stock valued at $10,044,000 after purchasing an additional 1,348 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of AptarGroup by 21.2% in the 1st quarter. Shell Asset Management Co. now owns 5,045 shares of the industrial products company’s stock valued at $726,000 after buying an additional 884 shares during the period. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of AptarGroup during the first quarter worth approximately $227,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Up 0.1 %

AptarGroup stock opened at $166.90 on Wednesday. The company has a market capitalization of $11.11 billion, a P/E ratio of 33.51, a PEG ratio of 2.87 and a beta of 0.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62. AptarGroup, Inc. has a fifty-two week low of $122.29 and a fifty-two week high of $178.03. The stock has a 50-day simple moving average of $163.54 and a 200-day simple moving average of $152.46.

AptarGroup announced that its Board of Directors has authorized a share buyback plan on Thursday, October 10th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

AptarGroup Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.08%. AptarGroup’s dividend payout ratio (DPR) is presently 36.14%.

Insider Buying and Selling

In other AptarGroup news, insider Gael Touya sold 3,300 shares of AptarGroup stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the transaction, the insider now directly owns 32,165 shares in the company, valued at approximately $4,876,857.30. This trade represents a 9.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shiela Vinczeller sold 1,660 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $151.15, for a total value of $250,909.00. Following the sale, the insider now owns 22,651 shares of the company’s stock, valued at $3,423,698.65. This trade represents a 6.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,499 shares of company stock worth $6,393,076 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATR. Wells Fargo & Company lifted their price target on shares of AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Robert W. Baird lifted their price objective on shares of AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and raised their price target for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $195.00.

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.