AptarGroup, Inc. (NYSE:ATR) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in AptarGroup, Inc. (NYSE:ATR) by 67.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,877 shares of the industrial products company’s stock after selling 76,470 shares during the period. Assenagon Asset Management S.A. owned approximately 0.06% of AptarGroup worth $5,907,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ATR. Mawer Investment Management Ltd. grew its stake in shares of AptarGroup by 111.0% in the second quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company’s stock worth $151,394,000 after acquiring an additional 565,511 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in AptarGroup by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 953,950 shares of the industrial products company’s stock valued at $152,813,000 after purchasing an additional 17,975 shares during the period. American Century Companies Inc. grew its stake in AptarGroup by 35.9% during the 2nd quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock worth $113,395,000 after purchasing an additional 212,886 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in AptarGroup by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,617 shares of the industrial products company’s stock worth $100,917,000 after purchasing an additional 64,288 shares during the period. Finally, Bank of New York Mellon Corp raised its position in AptarGroup by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 646,912 shares of the industrial products company’s stock valued at $91,092,000 after purchasing an additional 12,533 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AptarGroup news, insider Gael Touya sold 3,300 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.62, for a total transaction of $500,346.00. Following the transaction, the insider now owns 32,165 shares of the company’s stock, valued at approximately $4,876,857.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Monnas Giovanna Kampouri sold 1,922 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.43, for a total transaction of $277,594.46. Following the completion of the sale, the director now owns 8,839 shares in the company, valued at $1,276,616.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gael Touya sold 3,300 shares of AptarGroup stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.62, for a total transaction of $500,346.00. Following the completion of the transaction, the insider now owns 32,165 shares in the company, valued at approximately $4,876,857.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,457 shares of company stock worth $2,592,110 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

AptarGroup Stock Performance

Shares of ATR opened at $169.15 on Tuesday. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. AptarGroup, Inc. has a 52-week low of $120.85 and a 52-week high of $171.41. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $156.93 and a 200 day moving average price of $149.04.

AptarGroup announced that its Board of Directors has authorized a stock buyback program on Thursday, October 10th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase up to 4.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is 38.63%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and boosted their price target for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company boosted their target price 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. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.