AptarGroup, Inc. (NYSE:ATR) Shares Sold by Requisite Capital Management LLC

Requisite Capital Management LLC lowered its position in shares of AptarGroup, Inc. (NYSE:ATR) by 10.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,680 shares of the industrial products company’s stock after selling 320 shares during the quarter. Requisite Capital Management LLC’s holdings in AptarGroup were worth $429,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ATR. Fifth Third Bancorp grew its position in AptarGroup by 3.6% in the second quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 82 shares during the period. Argent Trust Co raised its stake in AptarGroup by 6.1% in the second quarter. Argent Trust Co now owns 1,685 shares of the industrial products company’s stock valued at $237,000 after buying an additional 97 shares in the last quarter. Adirondack Trust Co. raised its stake in AptarGroup by 25.0% in the second quarter. Adirondack Trust Co. now owns 500 shares of the industrial products company’s stock valued at $70,000 after buying an additional 100 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of AptarGroup by 6.0% during the third quarter. Fulton Bank N.A. now owns 2,058 shares of the industrial products company’s stock worth $330,000 after purchasing an additional 117 shares during the last quarter. Finally, Delaney Dennis R grew its holdings in shares of AptarGroup by 0.3% during the second quarter. Delaney Dennis R now owns 45,774 shares of the industrial products company’s stock worth $6,445,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insider Activity at AptarGroup

In other news, insider Hedi Tlili sold 1,375 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.54, for a total transaction of $209,742.50. Following the completion of the sale, the insider now directly owns 9,379 shares in the company, valued at $1,430,672.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Gael Touya sold 3,300 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the completion of the sale, the insider now directly owns 32,165 shares in the company, valued at approximately $4,876,857.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hedi Tlili sold 1,375 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the completion of the sale, the insider now owns 9,379 shares of the company’s stock, valued at approximately $1,430,672.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,457 shares of company stock valued at $7,314,030. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

AptarGroup Price Performance

Shares of NYSE:ATR traded up $2.33 during trading on Friday, hitting $161.55. 194,364 shares of the stock were exchanged, compared to its average volume of 290,051. The company has a fifty day moving average price of $152.02 and a two-hundred day moving average price of $147.05. The company has a market cap of $10.70 billion, a PE ratio of 34.65, a P/E/G ratio of 3.29 and a beta of 0.58. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 12-month low of $120.36 and a 12-month high of $161.92.

AptarGroup (NYSE:ATR) last announced 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. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The business had revenue of $910.10 million for the quarter, compared to analyst estimates of $930.15 million. During the same quarter in the previous year, the company earned $1.23 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts forecast that AptarGroup, Inc. will post 5.36 EPS for the current year.

AptarGroup announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, October 24th. AptarGroup’s payout ratio is currently 38.63%.

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.