Wilmington Savings Fund Society FSB Invests $126,000 in AptarGroup, Inc. (NYSE:ATR)

Wilmington Savings Fund Society FSB acquired a new stake in AptarGroup, Inc. (NYSE:ATR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 785 shares of the industrial products company’s stock, valued at approximately $126,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATR. Blue Trust Inc. raised its holdings in shares of AptarGroup by 281.0% during the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 177 shares during the period. Raymond James & Associates raised its stake in AptarGroup by 71.8% during the second quarter. Raymond James & Associates now owns 94,352 shares of the industrial products company’s stock worth $13,286,000 after acquiring an additional 39,426 shares during the period. Fifth Third Bancorp lifted its holdings in AptarGroup by 3.6% in the second quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 82 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in AptarGroup in the second quarter valued at approximately $284,000. Finally, Raymond James Trust N.A. grew its holdings in shares of AptarGroup by 10.7% during the second quarter. Raymond James Trust N.A. now owns 2,362 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 229 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Analysts Set New Price Targets

ATR has been the topic of several recent research reports. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Robert W. Baird boosted 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. Wells Fargo & Company increased their price objective on shares of AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and lifted their price objective for the company from $155.00 to $215.00 in a research report on Monday, October 14th. 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.com, AptarGroup presently has an average rating of “Buy” and an average target price of $195.00.

AptarGroup Trading Up 0.4 %

Shares of ATR stock opened at $158.87 on Friday. AptarGroup, Inc. has a 1 year low of $122.29 and a 1 year high of $178.03. The firm has a market capitalization 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 stock has a fifty day moving average of $169.56 and a two-hundred day moving average of $155.86. 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 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 1.13%. The ex-dividend date of this dividend was Thursday, October 24th. AptarGroup’s payout ratio is currently 36.14%.

AptarGroup declared that its board has authorized a stock buyback plan on Thursday, October 10th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $168.83, for a total value of $162,752.12. Following the completion of the sale, the executive vice president now directly owns 7,848 shares in the company, valued at $1,324,977.84. This represents a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephan B. Tanda sold 30,000 shares of AptarGroup stock in a transaction on Monday, October 28th. The shares were sold at an average price of $169.60, for a total value of $5,088,000.00. Following the transaction, the chief executive officer now owns 174,118 shares in the company, valued at approximately $29,530,412.80. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.