AptarGroup, Inc. (NYSE:ATR) Position Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in AptarGroup, Inc. (NYSE:ATR) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,962 shares of the industrial products company’s stock after selling 414 shares during the quarter. Thrivent Financial for Lutherans’ holdings in AptarGroup were worth $4,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATR. Axxcess Wealth Management LLC acquired a new stake in shares of AptarGroup during the 1st quarter valued at approximately $227,000. Price T Rowe Associates Inc. MD lifted its position in shares of AptarGroup by 6.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,308 shares of the industrial products company’s stock worth $5,081,000 after buying an additional 2,062 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of AptarGroup in the 1st quarter valued at about $269,000. Tidal Investments LLC grew its position in shares of AptarGroup by 53.4% during the 1st quarter. Tidal Investments LLC now owns 9,596 shares of the industrial products company’s stock valued at $1,381,000 after buying an additional 3,340 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in AptarGroup by 9.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 17,607 shares of the industrial products company’s stock worth $2,532,000 after acquiring an additional 1,583 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

Wall Street Analyst Weigh In

ATR has been the subject of several recent research reports. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and upped their target price 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 research report on Wednesday, October 16th. Wells Fargo & Company boosted 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. Finally, Robert W. Baird increased their price objective on shares of AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $195.00.

AptarGroup Stock Up 1.0 %

Shares of AptarGroup stock opened at $171.51 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. AptarGroup, Inc. has a 1-year low of $122.29 and a 1-year high of $178.03. The business’s fifty day moving average price is $164.95 and its two-hundred day moving average price is $153.01. The company has a market capitalization of $11.41 billion, a P/E ratio of 34.44, a PEG ratio of 2.93 and a beta of 0.57.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, October 24th. AptarGroup’s payout ratio is currently 36.14%.

AptarGroup announced that its Board of Directors has authorized a share buyback 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 purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at AptarGroup

In related news, EVP Kimberly Chainey sold 964 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the completion of the transaction, the executive vice president now owns 7,848 shares of the company’s stock, valued at $1,324,977.84. This trade represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gael Touya sold 3,300 shares of the business’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 completion of the sale, the insider now owns 32,165 shares in the company, valued at approximately $4,876,857.30. This trade represents a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,639 shares of company stock worth $5,960,841 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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.