Robeco Institutional Asset Management B.V. Has $28.55 Million Position in AptarGroup, Inc. (NYSE:ATR)

Robeco Institutional Asset Management B.V. cut its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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.’s holdings in AptarGroup were worth $28,546,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Moody Aldrich Partners LLC bought a new stake in AptarGroup during the fourth quarter worth about $299,000. Mount Yale Investment Advisors LLC increased its position in shares of AptarGroup by 288.5% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,934 shares of the industrial products company’s stock worth $775,000 after purchasing an additional 3,664 shares during the last quarter. KBC Group NV raised its stake in shares of AptarGroup by 53.7% during the 4th quarter. KBC Group NV now owns 2,551 shares of the industrial products company’s stock worth $401,000 after purchasing an additional 891 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of AptarGroup by 9.3% in the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company’s stock valued at $154,000 after buying an additional 82 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of AptarGroup by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,906 shares of the industrial products company’s stock valued at $771,000 after buying an additional 120 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AptarGroup

In other news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction on Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the completion of the sale, the executive vice president now owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. This trade represents a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ATR has been the topic of several analyst reports. Raymond James began coverage on shares of AptarGroup in a research report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 price target on the stock. Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a report on Monday, January 6th. Wells Fargo & Company reduced their price target on AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird lifted their target price on AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, AptarGroup has a consensus rating of “Buy” and a consensus price target of $190.60.

AptarGroup Stock Up 0.7 %

AptarGroup stock opened at $158.18 on Friday. AptarGroup, Inc. has a twelve month low of $128.05 and a twelve month high of $178.03. The stock has a market cap of $10.53 billion, a P/E ratio of 31.76, a P/E/G ratio of 2.62 and a beta of 0.59. The company’s 50-day moving average price is $162.19 and its two-hundred day moving average price is $158.46. 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 announced that its board has initiated a share 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 buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

AptarGroup Announces Dividend

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

AptarGroup 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.