State of New Jersey Common Pension Fund D Has $3.47 Million Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

State of New Jersey Common Pension Fund D cut its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 10.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,647 shares of the industrial products company’s stock after selling 2,616 shares during the period. State of New Jersey Common Pension Fund D’s holdings in AptarGroup were worth $3,468,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Mawer Investment Management Ltd. lifted its position in shares of AptarGroup by 111.0% during the 2nd quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company’s stock worth $151,394,000 after buying an additional 565,511 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in AptarGroup by 1.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 953,950 shares of the industrial products company’s stock worth $152,813,000 after acquiring an additional 17,975 shares in the last quarter. American Century Companies Inc. lifted its holdings 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 worth $113,395,000 after acquiring an additional 212,886 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of AptarGroup by 9.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 716,617 shares of the industrial products company’s stock valued at $100,917,000 after purchasing an additional 64,288 shares in the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of AptarGroup during the 3rd quarter valued at approximately $108,239,000. Institutional investors and hedge funds own 88.52% of the company’s stock.

Wall Street Analysts Forecast Growth

ATR has been the topic of a number of research analyst reports. Robert W. Baird raised their target price 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. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and raised their price objective for the company from $155.00 to $215.00 in a report on Monday, October 14th. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price target on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $195.00.

Insider Activity

In related news, insider Gael Touya sold 3,300 shares of the company’s 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 sale, the insider now directly owns 32,165 shares in the company, valued at $4,876,857.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Gael Touya sold 3,300 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.62, for a total value of $500,346.00. Following the transaction, the insider now owns 32,165 shares in the company, valued at $4,876,857.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert Kuhn sold 200 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total transaction of $30,036.00. Following the sale, the chief financial officer now directly owns 65,552 shares in the company, valued at $9,844,599.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,735 shares of company stock valued at $7,285,268. Company insiders own 1.00% of the company’s stock.

AptarGroup Stock Performance

Shares of AptarGroup stock opened at $175.67 on Wednesday. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 3.02 and a beta of 0.57. AptarGroup, Inc. has a twelve month low of $122.29 and a twelve month high of $178.03. The company’s fifty day moving average is $161.48 and its 200 day moving average is $151.52. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.02%. AptarGroup’s dividend payout ratio (DPR) is presently 36.14%.

AptarGroup declared that its board has initiated a share repurchase program on Thursday, October 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.