Entropy Technologies LP Invests $1.04 Million in AptarGroup, Inc. (NYSE:ATR)

Entropy Technologies LP purchased a new stake in shares of AptarGroup, Inc. (NYSE:ATR) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,502 shares of the industrial products company’s stock, valued at approximately $1,042,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATR. Empowered Funds LLC purchased a new position in shares of AptarGroup during the first quarter valued at approximately $215,000. Swiss National Bank grew its position in AptarGroup by 0.4% in the 1st quarter. Swiss National Bank now owns 129,800 shares of the industrial products company’s stock valued at $18,677,000 after acquiring an additional 500 shares during the last quarter. Trillium Asset Management LLC grew its position in AptarGroup by 0.9% in the 1st quarter. Trillium Asset Management LLC now owns 43,225 shares of the industrial products company’s stock valued at $6,219,000 after acquiring an additional 393 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted 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 purchasing an additional 4,186 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its stake in shares of AptarGroup by 90.2% during the first quarter. Ontario Teachers Pension Plan Board now owns 19,023 shares of the industrial products company’s stock valued at $2,737,000 after purchasing an additional 9,021 shares during the period. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Trading Down 0.1 %

NYSE:ATR opened at $175.60 on Thursday. The firm has a 50-day simple moving average of $162.00 and a 200-day simple moving average of $151.75. AptarGroup, Inc. has a one year low of $122.29 and a one year high of $178.03. The firm has a market cap of $11.68 billion, a P/E ratio of 35.26, a P/E/G ratio of 3.03 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 announced that its Board of Directors has authorized a stock buyback plan on Thursday, October 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is 36.14%.

Insiders Place Their Bets

In other news, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup stock in a transaction on Monday, October 28th. The stock was sold at an average price of $169.60, for a total value of $5,088,000.00. Following the transaction, the chief executive officer now directly owns 174,118 shares in the company, valued at approximately $29,530,412.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Stephan B. Tanda sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $169.60, for a total transaction of $5,088,000.00. Following the sale, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $29,530,412.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shiela Vinczeller sold 1,660 shares of AptarGroup stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $151.15, for a total value of $250,909.00. Following the completion of the transaction, the insider now owns 22,651 shares in the company, valued at $3,423,698.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,535 shares of company stock worth $6,230,324 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and lifted their price objective for the company from $155.00 to $215.00 in a report on Monday, October 14th. Robert W. Baird lifted their price target 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. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their target price on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research report 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $195.00.

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.