Robeco Institutional Asset Management B.V. Sells 11,649 Shares of AptarGroup, Inc. (NYSE:ATR)

Robeco Institutional Asset Management B.V. reduced its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,489 shares of the industrial products company's stock after selling 11,649 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.28% of AptarGroup worth $29,874,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its holdings 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 buying an additional 192 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of AptarGroup by 281.0% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the industrial products company's stock worth $35,000 after acquiring an additional 177 shares during the last quarter. Gradient Investments LLC bought a new position in AptarGroup in the 2nd quarter valued at about $40,000. Versant Capital Management Inc boosted its stake in AptarGroup by 4,983.3% during the 2nd 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 last quarter. Finally, Adirondack Trust Co. increased its holdings in AptarGroup by 25.0% during the 2nd quarter. Adirondack Trust Co. now owns 500 shares of the industrial products company's stock worth $70,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ATR. Jefferies Financial Group upgraded 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 report on Monday, October 14th. Dbs Bank upgraded AptarGroup from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Robert W. Baird upped 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, Wells Fargo & Company increased their target price on shares of AptarGroup from $168.00 to $185.00 and gave the company an "overweight" rating in a 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. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $195.00.

AptarGroup Stock Performance

AptarGroup stock traded up $2.81 during mid-day trading on Wednesday, reaching $173.12. 264,104 shares of the company's stock were exchanged, compared to its average volume of 292,387. The business's fifty day simple moving average is $160.12 and its 200 day simple moving average is $150.70. 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 one year low of $122.29 and a one year high of $175.15. The firm has a market capitalization of $11.52 billion, a PE ratio of 34.76, a P/E/G ratio of 2.91 and a beta of 0.57.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, October 24th. AptarGroup's dividend payout ratio (DPR) is currently 36.14%.

AptarGroup declared that its Board of Directors has authorized a share repurchase program 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 programs are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other AptarGroup news, Director Monnas Giovanna Kampouri sold 1,922 shares of AptarGroup stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.43, for a total value of $277,594.46. Following the sale, the director now owns 8,839 shares of the company's stock, valued at approximately $1,276,616.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Stephan B. Tanda sold 30,000 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $169.60, for a total transaction of $5,088,000.00. Following the transaction, the chief executive officer now owns 174,118 shares of the company's stock, valued at $29,530,412.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Monnas Giovanna Kampouri sold 1,922 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total value of $277,594.46. Following the transaction, the director now owns 8,839 shares of the company's stock, valued at $1,276,616.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,657 shares of company stock valued at $7,562,862. 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.