Park Place Capital Corp Acquires New Shares in AptarGroup, Inc. (NYSE:ATR)

Park Place Capital Corp bought a new position in shares of AptarGroup, Inc. (NYSE:ATR) during the 4th quarter, HoldingsChannel reports. The firm bought 425 shares of the industrial products company’s stock, valued at approximately $67,000.

A number of other large investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in shares of AptarGroup in the 3rd quarter valued at about $25,000. UMB Bank n.a. raised its holdings in AptarGroup by 446.5% during the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after buying an additional 192 shares during the last quarter. Huntington National Bank increased its position in shares of AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 259 shares during the period. GAMMA Investing LLC raised its stake in shares of AptarGroup by 79.6% during the third quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 265 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of AptarGroup by 42.9% during the third quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 191 shares during the period. 88.52% of the stock is owned by institutional investors.

AptarGroup Stock Performance

NYSE:ATR opened at $159.10 on Thursday. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 2.57 and a beta of 0.59. The stock’s 50 day simple moving average is $163.55 and its two-hundred day simple moving average is $157.88. 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 $128.05 and a 1 year high of $178.03.

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

Wall Street Analysts Forecast Growth

ATR has been the topic of several research reports. Wells Fargo & Company cut their price objective on AptarGroup from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Raymond James assumed coverage on shares of AptarGroup in a research note on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 price target for the company. Jefferies Financial Group raised shares of AptarGroup from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Bank of America downgraded shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $190.60.

Insiders Place Their Bets

In other news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $168.83, for a total value of $162,752.12. Following the transaction, the executive vice president now owns 7,848 shares of the company’s stock, valued at $1,324,977.84. The trade was a 10.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephan B. Tanda sold 30,000 shares of the business’s 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 sale, 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 disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

About AptarGroup

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.