Squarepoint Ops LLC Trims Stock Position in AptarGroup, Inc. (NYSE:ATR)

Squarepoint Ops LLC cut its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 55.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,552 shares of the industrial products company’s stock after selling 30,790 shares during the period. Squarepoint Ops LLC’s holdings in AptarGroup were worth $3,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new position in shares of AptarGroup during the 1st quarter valued at about $25,000. Blue Trust Inc. lifted its stake 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 valued at $35,000 after purchasing an additional 177 shares during the period. Gradient Investments LLC purchased a new stake in AptarGroup during the second quarter worth $40,000. Versant Capital Management Inc grew its position in AptarGroup by 4,983.3% during the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock valued at $43,000 after buying an additional 299 shares during the period. Finally, Mather Group LLC. purchased a new position in AptarGroup in the first quarter valued at $52,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their target price on shares of AptarGroup from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th.

AptarGroup Stock Down 0.1 %

AptarGroup stock opened at $159.97 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.95. The stock has a market capitalization of $10.60 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57. The business has a 50 day simple moving average of $149.85 and a 200-day simple moving average of $146.08. AptarGroup, Inc. has a 12 month low of $120.36 and a 12 month high of $161.55.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.36 by $0.01. The company had revenue of $910.10 million during the quarter, compared to analyst estimates of $930.15 million. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. On average, analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were paid a $0.45 dividend. The ex-dividend date was Thursday, July 25th. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a yield of 1.13%. AptarGroup’s dividend payout ratio (DPR) is currently 38.63%.

Insider Buying and Selling

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the completion of the transaction, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $25,692,852.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $147.56, for a total value of $4,721,920.00. Following the completion of the sale, the chief executive officer now directly owns 174,118 shares in the company, valued at $25,692,852.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Xiangwei Gong sold 800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total transaction of $117,248.00. Following the sale, the insider now directly owns 20,174 shares of the company’s stock, valued at approximately $2,956,701.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,457 shares of company stock worth $7,314,030. Insiders own 1.00% of the company’s stock.

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.