AptarGroup, Inc. (NYSE:ATR) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. grew its position in shares of AptarGroup, Inc. (NYSE:ATR) by 17.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,460 shares of the industrial products company’s stock after acquiring an additional 1,853 shares during the quarter. Zions Bancorporation N.A.’s holdings in AptarGroup were worth $1,996,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Huntington National Bank lifted its holdings in AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 259 shares during the period. KBC Group NV raised its position in AptarGroup by 10.8% in the third quarter. KBC Group NV now owns 1,660 shares of the industrial products company’s stock worth $266,000 after acquiring an additional 162 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in AptarGroup by 214.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,397 shares of the industrial products company’s stock worth $2,466,000 after acquiring an additional 10,508 shares in the last quarter. Victory Capital Management Inc. raised its position in AptarGroup by 29.4% in the third 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. Finally, Aptus Capital Advisors LLC raised its position in AptarGroup by 15.3% in the third quarter. Aptus Capital Advisors LLC now owns 36,570 shares of the industrial products company’s stock worth $5,858,000 after acquiring an additional 4,848 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insiders Place Their Bets

In other AptarGroup news, CFO Robert Kuhn sold 200 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $150.18, for a total transaction of $30,036.00. Following the completion of the sale, the chief financial officer now owns 65,552 shares of the company’s stock, valued at $9,844,599.36. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephan B. Tanda sold 30,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 174,118 shares of the company’s stock, 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. Insiders sold 37,535 shares of company stock valued at $6,230,324 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ATR has been the topic of several recent analyst reports. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Robert W. Baird upped their target price on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company boosted 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 investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AptarGroup presently has an average rating of “Buy” and a consensus price target of $195.00.

AptarGroup Trading Down 0.8 %

Shares of NYSE ATR opened at $174.15 on Friday. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 3.03 and a beta of 0.57. The business has a 50 day simple moving average of $162.49 and a 200 day simple moving average of $151.92. AptarGroup, Inc. has a 52 week low of $122.29 and a 52 week high of $178.03. 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 declared that its Board of Directors has approved a share repurchase program on Thursday, October 10th that allows the company to buyback $500.00 million in 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 usually an indication that the company’s leadership believes its shares are undervalued.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders 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 yield of 1.03%. AptarGroup’s payout ratio is currently 36.14%.

About AptarGroup

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.