Squarepoint Ops LLC Invests $2.66 Million in AptarGroup, Inc. $ATR

Key Points

• Squarepoint Ops acquired 21,211 AptarGroup shares worth approximately $2.66 million during the second quarter. Institutional investors collectively own 88.52% of the company, with major additions from CalSTRS and BlackRock.
• AptarGroup exceeded quarterly expectations, reporting $1.42 in earnings per share versus the $1.35 consensus estimate and $1.03 billion in revenue, up 6.3% year over year. The company issued third-quarter EPS guidance of $1.45–$1.53.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $172.80, while AptarGroup pays a quarterly dividend of $0.48, representing a 1.5% yield.

Squarepoint Ops LLC acquired a new position in AptarGroup, Inc. (NYSE:ATR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,211 shares of the industrial products company's stock, valued at approximately $2,656,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in shares of AptarGroup by 11,903.5% in the second quarter. California State Teachers Retirement System now owns 9,269,933 shares of the industrial products company's stock valued at $1,160,596,000 after purchasing an additional 9,192,706 shares during the period. BlackRock Inc. purchased a new position in AptarGroup in the 2nd quarter valued at approximately $768,464,000. State Street Corp raised its holdings in AptarGroup by 1.5% during the 2nd quarter. State Street Corp now owns 2,868,365 shares of the industrial products company's stock valued at $448,698,000 after acquiring an additional 43,188 shares during the period. Victory Capital Management Inc. lifted its position in shares of AptarGroup by 4.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,291,454 shares of the industrial products company's stock worth $279,466,000 after acquiring an additional 88,717 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of AptarGroup by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,618,896 shares of the industrial products company's stock worth $197,473,000 after acquiring an additional 15,197 shares during the period. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Stock Performance

Shares of ATR opened at $125.00 on Monday. AptarGroup, Inc. has a 12-month low of $103.23 and a 12-month high of $146.91. The company has a current ratio of 1.61, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. The company has a market cap of $7.95 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 3.19 and a beta of 0.38. The stock has a 50-day moving average price of $131.07 and a 200-day moving average price of $126.74.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.07. AptarGroup had a net margin of 9.22% and a return on equity of 13.31%. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the prior year, the business earned $1.66 earnings per share. AptarGroup's revenue for the quarter was up 6.3% compared to the same quarter last year. AptarGroup has set its Q3 2026 guidance at 1.450-1.530 EPS. As a group, equities analysts forecast that AptarGroup, Inc. will post 5.48 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, July 30th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.5%. AptarGroup's dividend payout ratio is presently 34.72%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Raymond James Financial reiterated an "outperform" rating and set a $160.00 price objective on shares of AptarGroup in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of AptarGroup in a report on Wednesday, June 24th. Bank of America raised shares of AptarGroup from a "neutral" rating to a "buy" rating and set a $173.00 price target on the stock in a report on Tuesday, July 14th. Finally, Wells Fargo & Company boosted their price objective on shares of AptarGroup from $145.00 to $155.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $172.80.

Insider Activity at AptarGroup

In related news, insider Hedi Tlili sold 8,854 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $135.00, for a total value of $1,195,290.00. Following the completion of the transaction, the insider directly owned 15,379 shares in the company, valued at approximately $2,076,165. The trade was a 36.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephan B. Tanda sold 9,838 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $136.16, for a total value of $1,339,542.08. Following the completion of the transaction, the chief executive officer directly owned 238,729 shares in the company, valued at approximately $32,505,340.64. This represents a 3.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 23,197 shares of company stock worth $3,134,828. Corporate insiders own 0.73% of the company's stock.

About AptarGroup

AptarGroup, Inc is a global supplier of dispensing, packaging and drug-delivery solutions. The company develops and manufactures pumps, valves, aerosol systems, closures, dispensing devices and other components used to package and deliver products in the pharmaceutical, beauty, personal care, food and beverage markets.

Its pharmaceutical offerings include nasal, respiratory, ophthalmic and dermal drug-delivery systems, as well as components and technologies designed to support the administration of prescription and consumer healthcare products.

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