AptarGroup, Inc. (NYSE:ATR) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,329 shares of the industrial products company’s stock after acquiring an additional 4,240 shares during the period. Rockefeller Capital Management L.P. owned about 0.17% of AptarGroup worth $18,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in AptarGroup during the third quarter worth about $25,000. Blue Trust Inc. raised its position in AptarGroup by 281.0% during the second 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. UMB Bank n.a. raised its position 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 acquiring an additional 192 shares during the last quarter. Gradient Investments LLC purchased a new stake in shares of AptarGroup during the second quarter worth about $40,000. Finally, Versant Capital Management Inc grew its holdings in shares of AptarGroup by 4,983.3% during the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after buying an additional 299 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Price Performance

AptarGroup stock opened at $172.96 on Monday. AptarGroup, Inc. has a 1 year low of $122.29 and a 1 year high of $178.03. The firm has a 50 day moving average price of $166.75 and a 200 day moving average price of $153.88. The company has a market cap of $11.51 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 2.98 and a beta of 0.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62.

AptarGroup announced that its board has initiated a stock 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 purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.04%. AptarGroup’s payout ratio is 36.14%.

Insider Activity at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the business’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 transaction of $162,752.12. Following the completion of the sale, the executive vice president now directly owns 7,848 shares in the company, valued at $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephan B. Tanda sold 30,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 174,118 shares of the company’s stock, valued at approximately $29,530,412.80. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,639 shares of company stock worth $5,960,841. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ATR has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company lifted their price target on shares of AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and lifted their price target for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Finally, Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $195.00.

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.