Curi RMB Capital LLC Has $16.46 Million Holdings in AptarGroup, Inc. (NYSE:ATR)

Curi RMB Capital LLC increased its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 7.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,738 shares of the industrial products company's stock after buying an additional 6,881 shares during the period. Curi RMB Capital LLC owned 0.15% of AptarGroup worth $16,458,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ATR. Capital Performance Advisors LLP acquired a new stake in shares of AptarGroup in the third quarter worth about $25,000. UMB Bank n.a. boosted its position in AptarGroup by 446.5% during the third quarter. UMB Bank n.a. now owns 235 shares of the industrial products company's stock worth $38,000 after purchasing an additional 192 shares during the period. Blue Trust Inc. boosted its position in 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. Gradient Investments LLC acquired a new position in AptarGroup during the second quarter valued at approximately $40,000. Finally, Versant Capital Management Inc raised its position in shares of AptarGroup by 4,983.3% in the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 88.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ATR. Jefferies Financial Group upgraded shares of AptarGroup from a "hold" rating to a "buy" rating and raised their target price for the company from $155.00 to $215.00 in a research note 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. Robert W. Baird boosted their price objective on AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company raised their target price on AptarGroup from $168.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $195.00.

Insiders Place Their Bets

In other AptarGroup news, CEO Stephan B. Tanda sold 30,000 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $169.60, for a total transaction of $5,088,000.00. Following the completion of the transaction, the chief executive officer now owns 174,118 shares in the company, valued at $29,530,412.80. This trade represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Kuhn sold 200 shares of the company's stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total value of $30,036.00. Following the completion of the sale, the chief financial officer now owns 65,552 shares in the company, valued at approximately $9,844,599.36. This represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,535 shares of company stock worth $6,230,324. 1.00% of the stock is currently owned by company insiders.

AptarGroup Stock Performance

Shares of NYSE:ATR traded down $1.35 on Thursday, hitting $174.15. 198,168 shares of the company were exchanged, compared to its average volume of 291,039. The company's 50 day moving average price is $162.49 and its two-hundred day moving average price is $151.92. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 3.03 and a beta of 0.57. 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, Inc. has a one year low of $122.29 and a one year high of $178.03.

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th will be issued a $0.45 dividend. The ex-dividend date is Thursday, October 24th. This represents a $1.80 annualized dividend and a yield of 1.03%. AptarGroup's dividend payout ratio (DPR) is 36.14%.

AptarGroup declared that its board has initiated a stock repurchase program 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 programs are usually a sign that the company's board of directors believes its stock is 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.