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

Robeco Institutional Asset Management B.V. lowered its position in shares of AptarGroup, Inc. (NYSE:ATR) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ATR. Mackenzie Financial Corp raised its holdings in AptarGroup by 25.6% during the 2nd quarter. Mackenzie Financial Corp now owns 4,710 shares of the industrial products company’s stock worth $663,000 after purchasing an additional 960 shares during the last quarter. Creative Planning grew its position in shares of AptarGroup by 13.9% during the 2nd quarter. Creative Planning now owns 3,422 shares of the industrial products company’s stock worth $482,000 after buying an additional 417 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of AptarGroup during the second quarter worth approximately $1,087,000. Canandaigua National Bank & Trust Co. acquired a new position in AptarGroup in the third quarter valued at approximately $234,000. Finally, Handelsbanken Fonder AB boosted its stake in AptarGroup by 182.1% in the third quarter. Handelsbanken Fonder AB now owns 538,830 shares of the industrial products company’s stock valued at $86,315,000 after acquiring an additional 347,800 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insider Transactions at AptarGroup

In related news, EVP Kimberly Chainey sold 964 shares of the company’s stock in a transaction 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 directly owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. This represents a 10.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

ATR has been the subject of several recent research 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 target price for the company. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company decreased their target price on AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Robert W. Baird increased their price target on shares of AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $190.60.

AptarGroup Trading Up 0.7 %

NYSE:ATR opened at $158.18 on Friday. 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 business’s 50-day simple moving average is $162.19 and its 200-day simple moving average is $158.46. AptarGroup, Inc. has a fifty-two week low of $128.05 and a fifty-two week high of $178.03. The stock has a market capitalization of $10.53 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 2.62 and a beta of 0.59.

AptarGroup declared that its board has initiated a share buyback program on Thursday, October 10th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is presently 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.