New York State Teachers Retirement System Decreases Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

New York State Teachers Retirement System trimmed its position in AptarGroup, Inc. (NYSE:ATR) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,626 shares of the industrial products company’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System’s holdings in AptarGroup were worth $9,551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ATR. Mawer Investment Management Ltd. increased 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 buying an additional 565,511 shares during the period. Handelsbanken Fonder AB increased its stake in shares of AptarGroup by 182.1% in the third quarter. Handelsbanken Fonder AB now owns 538,830 shares of the industrial products company’s stock worth $86,315,000 after buying an additional 347,800 shares during the period. American Century Companies Inc. increased its stake 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 buying an additional 212,886 shares during the period. Millennium Management LLC increased its stake in shares of AptarGroup by 36.2% in the second quarter. Millennium Management LLC now owns 519,700 shares of the industrial products company’s stock worth $73,179,000 after buying an additional 138,134 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in AptarGroup in the second quarter valued at $17,263,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Xiangwei Gong sold 800 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total transaction of $117,248.00. Following the sale, the insider now owns 20,174 shares in the company, valued at approximately $2,956,701.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Xiangwei Gong sold 800 shares of AptarGroup stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total value of $117,248.00. Following the completion of the transaction, the insider now owns 20,174 shares of the company’s stock, valued at $2,956,701.44. The trade was a 0.00 % decrease in their position. The transaction 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 AptarGroup stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at approximately $29,530,412.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,457 shares of company stock worth $7,680,110. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Stock Performance

Shares of ATR stock opened at $169.41 on Monday. AptarGroup, Inc. has a 12 month low of $122.29 and a 12 month high of $171.41. The stock has a market cap of $11.27 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 2.89 and a beta of 0.57. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $158.94 and its 200-day moving average price is $150.12.

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

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be issued a dividend of $0.45 per share. 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 presently 36.14%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and lifted their price target for the company 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, 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 report on Monday, October 28th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target 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.