Robeco Institutional Asset Management B.V. Reduces Holdings in AptarGroup, Inc. (NYSE:ATR)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,205 shares of the industrial products company's stock after selling 17,504 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.25% of AptarGroup worth $24,365,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATR. Vanguard Group Inc. raised its stake in shares of AptarGroup by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company's stock valued at $1,132,222,000 after acquiring an additional 58,777 shares during the last quarter. FMR LLC raised its stake in shares of AptarGroup by 33.1% during the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock valued at $389,854,000 after acquiring an additional 617,365 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of AptarGroup by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,555,556 shares of the industrial products company's stock valued at $248,570,000 after acquiring an additional 40,268 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in shares of AptarGroup by 4.4% during the fourth quarter. Mawer Investment Management Ltd. now owns 1,208,753 shares of the industrial products company's stock valued at $189,895,000 after acquiring an additional 50,651 shares during the last quarter. Finally, Boston Trust Walden Corp raised its stake in shares of AptarGroup by 0.5% during the first quarter. Boston Trust Walden Corp now owns 1,139,603 shares of the industrial products company's stock valued at $169,094,000 after acquiring an additional 5,892 shares during the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AptarGroup

In related news, insider Xiangwei Gong sold 7,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $156.49, for a total transaction of $1,095,430.00. Following the sale, the insider directly owned 10,265 shares of the company's stock, valued at approximately $1,606,369.85. This represents a 40.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kimberly Chainey sold 1,671 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $152.79, for a total transaction of $255,312.09. Following the sale, the executive vice president directly owned 11,088 shares in the company, valued at $1,694,135.52. This trade represents a 13.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,680 shares of company stock worth $6,983,798 in the last ninety days. 0.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATR. Wall Street Zen raised shares of AptarGroup from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Raymond James Financial lowered their price objective on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $170.00 price objective (up from $162.00) on shares of AptarGroup in a research note on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AptarGroup has an average rating of "Buy" and a consensus price target of $178.60.

AptarGroup Trading Up 0.3%

ATR stock traded up $0.52 during trading on Monday, reaching $156.34. The company had a trading volume of 315,502 shares, compared to its average volume of 321,696. AptarGroup, Inc. has a 52 week low of $130.85 and a 52 week high of $200.00. The company has a market cap of $10.32 billion, a P/E ratio of 28.53, a PEG ratio of 3.20 and a beta of 0.59. The business has a 50 day moving average of $153.29 and a 200 day moving average of $151.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.85.

AptarGroup (NYSE:ATR - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. AptarGroup had a net margin of 10.41% and a return on equity of 15.10%. The business had revenue of $887.31 million during the quarter, compared to the consensus estimate of $894.26 million. During the same quarter last year, the firm earned $1.26 earnings per share. The business's revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, May 1st. AptarGroup's dividend payout ratio (DPR) is 32.85%.

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.