Rockefeller Capital Management L.P. Boosts Holdings in AptarGroup, Inc. (NYSE:ATR)

Rockefeller Capital Management L.P. boosted its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 3.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 115,329 shares of the industrial products company's stock after acquiring an additional 4,240 shares during the period. Rockefeller Capital Management L.P. owned 0.17% of AptarGroup worth $18,475,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in shares of AptarGroup by 3.6% in the third quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company's stock worth $317,000 after purchasing an additional 68 shares in the last quarter. Commerce Bank grew its stake in AptarGroup by 3.3% in the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company's stock valued at $376,000 after buying an additional 75 shares in the last quarter. Ballentine Partners LLC raised its holdings in AptarGroup by 2.3% during the 3rd quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company's stock valued at $531,000 after acquiring an additional 76 shares during the period. Fifth Third Bancorp raised its holdings in AptarGroup by 3.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company's stock valued at $332,000 after acquiring an additional 82 shares during the period. Finally, Argent Trust Co boosted its holdings in shares of AptarGroup by 6.1% in the second quarter. Argent Trust Co now owns 1,685 shares of the industrial products company's stock worth $237,000 after acquiring an additional 97 shares during the period. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Price Performance

Shares of ATR stock traded down $0.18 during trading on Monday, hitting $172.78. The company had a trading volume of 170,859 shares, compared to its average volume of 289,423. The stock's 50-day moving average is $167.08 and its two-hundred day moving average is $154.06. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 2.98 and a beta of 0.57. 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, Inc. has a 52 week low of $122.29 and a 52 week high of $178.03.

AptarGroup declared that its board has initiated a share repurchase plan on Thursday, October 10th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

AptarGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.04%. AptarGroup's payout ratio is 36.14%.

Insider Buying and Selling at AptarGroup

In other news, insider Hedi Tlili sold 1,375 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.54, for a total value of $209,742.50. Following the completion of the sale, the insider now owns 9,379 shares of the company's stock, valued at approximately $1,430,672.66. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stephan B. Tanda sold 30,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 174,118 shares in the company, valued at approximately $29,530,412.80. The trade was a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,639 shares of company stock worth $5,960,841 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

ATR has been the topic of a number of recent research reports. Jefferies Financial Group raised AptarGroup from a "hold" rating to a "buy" rating and increased their price objective for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Robert W. Baird increased their price target on shares of AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Dbs Bank upgraded shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Finally, 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 research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AptarGroup presently has an average rating of "Buy" and an average target price of $195.00.

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.