Jane Street Group LLC Lowers Holdings in AptarGroup, Inc. (NYSE:ATR)

Jane Street Group LLC trimmed its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 57.0% during the 3rd quarter, Holdings Channel reports. The fund owned 10,443 shares of the industrial products company’s stock after selling 13,838 shares during the quarter. Jane Street Group LLC’s holdings in AptarGroup were worth $1,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of AptarGroup by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 646,912 shares of the industrial products company’s stock worth $91,092,000 after acquiring an additional 12,533 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in AptarGroup by 12.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,888 shares of the industrial products company’s stock worth $2,096,000 after purchasing an additional 1,622 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in AptarGroup by 1.3% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,310 shares of the industrial products company’s stock worth $15,955,000 after purchasing an additional 1,467 shares in the last quarter. Van ECK Associates Corp acquired a new stake in AptarGroup in the second quarter valued at approximately $3,807,000. Finally, Picton Mahoney Asset Management increased its position in shares of AptarGroup by 2,465.8% in the second quarter. Picton Mahoney Asset Management now owns 25,145 shares of the industrial products company’s stock valued at $3,542,000 after buying an additional 24,165 shares in the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ATR has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Jefferies Financial Group raised shares of AptarGroup from a “hold” rating to a “buy” rating and increased their price objective for the company from $155.00 to $215.00 in a report on Monday, October 14th. 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. Finally, Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $195.00.

Insider Buying and Selling at AptarGroup

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 transaction of $5,088,000.00. Following the transaction, the chief executive officer now owns 174,118 shares in the company, valued at $29,530,412.80. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kimberly Chainey sold 964 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $168.83, for a total transaction of $162,752.12. Following the completion of the sale, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at $1,324,977.84. This represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

AptarGroup Trading Down 0.3 %

Shares of ATR opened at $158.85 on Friday. AptarGroup, Inc. has a 52-week low of $122.29 and a 52-week high of $178.03. The stock has a market cap of $10.57 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The firm’s fifty day moving average is $169.00 and its two-hundred day moving average is $156.25. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, October 24th. This represents a $1.80 annualized dividend and a yield of 1.13%. AptarGroup’s dividend payout ratio is presently 36.14%.

AptarGroup announced that its Board of Directors has authorized a share repurchase plan 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 stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.