AptarGroup, Inc. (NYSE:ATR) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,709 shares of the industrial products company's stock after selling 4,780 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.27% of AptarGroup worth $28,546,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of AptarGroup during the third quarter worth $25,000. UMB Bank n.a. grew its stake 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 acquiring an additional 192 shares in the last quarter. Huntington National Bank raised its holdings in AptarGroup by 312.0% in the 3rd 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 last quarter. Park Place Capital Corp purchased a new position in AptarGroup in the 4th quarter worth approximately $67,000. Finally, GAMMA Investing LLC grew its position in shares of AptarGroup by 79.6% in the third quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company's stock valued at $96,000 after purchasing an additional 265 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

AptarGroup Trading Down 0.6 %

Shares of ATR stock traded down $0.90 during trading hours on Friday, hitting $157.23. The company had a trading volume of 834,143 shares, compared to its average volume of 247,379. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. The stock has a market capitalization of $10.46 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.58 and a beta of 0.59. The company's fifty day moving average is $161.66 and its 200 day moving average is $158.75. AptarGroup, Inc. has a fifty-two week low of $128.05 and a fifty-two week high of $178.03.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. AptarGroup's dividend payout ratio is presently 36.14%.

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

Wall Street Analysts Forecast Growth

ATR has been the topic of a number of analyst reports. Raymond James assumed coverage on AptarGroup in a research report on Tuesday, January 7th. They set an "outperform" rating and a $200.00 price objective on the stock. Wells Fargo & Company lowered their price target on shares of 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 raised shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Robert W. Baird lifted their target price on shares of AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Finally, Jefferies Financial Group upgraded shares of AptarGroup from a "hold" rating to a "buy" rating and raised their price target for the stock from $155.00 to $215.00 in a report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $190.60.

Insider Activity at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the firm's 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 completion of the transaction, the executive vice president now owns 7,848 shares of the company's stock, valued at $1,324,977.84. This trade represents a 10.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.00% of the company's stock.

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.