AptarGroup, Inc. (NYSE:ATR) Stock Position Lessened by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its holdings in AptarGroup, Inc. (NYSE:ATR) by 21.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,133,711 shares of the industrial products company’s stock after selling 316,106 shares during the period. AptarGroup accounts for about 1.2% of Boston Trust Walden Corp’s investment portfolio, making the stock its 9th biggest holding. Boston Trust Walden Corp’s holdings in AptarGroup were worth $178,106,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in shares of AptarGroup in the third quarter valued at approximately $25,000. UMB Bank n.a. increased its stake in AptarGroup by 446.5% in the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after buying an additional 192 shares during the period. Huntington National Bank raised its position in 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 buying an additional 259 shares during the last quarter. Park Place Capital Corp acquired a new stake in shares of AptarGroup in the 4th quarter worth $67,000. Finally, GAMMA Investing LLC boosted its holdings in shares of AptarGroup by 79.6% in the third 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 in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Wall Street Analysts Forecast Growth

ATR has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on shares of AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Raymond James began coverage on AptarGroup in a report on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 price target for the company. Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a report on Monday, January 6th. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and raised their target price for the company from $155.00 to $215.00 in a report on Monday, October 14th. Finally, Wells Fargo & Company lowered their price target 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 investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AptarGroup has a consensus rating of “Buy” and an average price target of $190.60.

AptarGroup Stock Down 0.6 %

ATR opened at $157.23 on Monday. AptarGroup, Inc. has a one year low of $128.05 and a one year high of $178.03. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.59 and a beta of 0.59. The business’s fifty day moving average is $161.66 and its two-hundred day moving average is $158.75. 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 Dividend Announcement

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 paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. AptarGroup’s payout ratio is 36.14%.

AptarGroup announced that its Board of Directors has initiated a share buyback program on Thursday, October 10th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 4.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at AptarGroup

In related news, EVP Kimberly Chainey sold 964 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

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.