Quantitative Investment Management LLC bought a new position in shares of Graphic Packaging Holding (NYSE:GPK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 566,400 shares of the industrial products company’s stock, valued at approximately $8,750,000. Quantitative Investment Management LLC owned 0.18% of Graphic Packaging as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in Graphic Packaging by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 774 shares during the period. Nationwide Fund Advisors grew its position in shares of Graphic Packaging by 56.8% during the 3rd quarter. Nationwide Fund Advisors now owns 716,276 shares of the industrial products company’s stock valued at $9,992,000 after acquiring an additional 259,444 shares during the period. Sei Investments Co. grew its position in shares of Graphic Packaging by 24.7% during the 3rd quarter. Sei Investments Co. now owns 880,593 shares of the industrial products company’s stock valued at $12,284,000 after acquiring an additional 174,462 shares during the period. Russell Investments Group Ltd. grew its position in shares of Graphic Packaging by 14.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 36,767 shares of the industrial products company’s stock valued at $513,000 after acquiring an additional 4,722 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Graphic Packaging by 45.5% during the 3rd quarter. SG Americas Securities LLC now owns 20,927 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 6,545 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Friday, March 16th. BMO Capital Markets decreased their price target on shares of Graphic Packaging from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $19.00 price target on shares of Graphic Packaging in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Graphic Packaging has an average rating of “Buy” and a consensus price target of $17.21.
In other Graphic Packaging news, SVP Joseph P. Yost sold 15,137 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $15.60, for a total value of $236,137.20. Following the completion of the transaction, the senior vice president now owns 343,472 shares in the company, valued at $5,358,163.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph P. Yost sold 50,000 shares of Graphic Packaging stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $15.00, for a total transaction of $750,000.00. Following the sale, the senior vice president now directly owns 306,926 shares of the company’s stock, valued at $4,603,890. The disclosure for this sale can be found here. Insiders sold a total of 215,137 shares of company stock valued at $3,311,137 in the last quarter. 1.02% of the stock is owned by insiders.
Shares of GPK stock traded down $0.31 during trading on Monday, hitting $15.04. 2,269,961 shares of the stock traded hands, compared to its average volume of 2,868,336. The firm has a market cap of $4,754.13, a PE ratio of 23.87, a PEG ratio of 3.53 and a beta of 1.15. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.63 and a current ratio of 1.37. Graphic Packaging Holding has a 52-week low of $12.65 and a 52-week high of $16.74.
Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). Graphic Packaging had a net margin of 6.82% and a return on equity of 17.09%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.14 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. equities research analysts predict that Graphic Packaging Holding will post 0.87 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.30 annualized dividend and a yield of 1.99%. Graphic Packaging’s dividend payout ratio (DPR) is presently 47.62%.
Graphic Packaging Profile
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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