Graphic Packaging Holding (NYSE:GPK) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC cut its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 6.5% during the third quarter, Holdings Channel.com reports. The fund owned 119,783 shares of the industrial products company’s stock after selling 8,387 shares during the period. Curi RMB Capital LLC’s holdings in Graphic Packaging were worth $3,544,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of Graphic Packaging by 546.6% in the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after buying an additional 798 shares in the last quarter. LRI Investments LLC acquired a new position in Graphic Packaging during the first quarter worth $38,000. GAMMA Investing LLC lifted its holdings in Graphic Packaging by 46.3% during the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 868 shares in the last quarter. Atlas Capital Advisors LLC purchased a new position in Graphic Packaging during the second quarter valued at $88,000. Finally, LGT Group Foundation purchased a new stake in shares of Graphic Packaging during the first quarter worth about $134,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Activity

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the transaction, the executive vice president now directly owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 24.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Graphic Packaging Trading Down 0.8 %

Shares of GPK opened at $28.39 on Friday. Graphic Packaging Holding has a 12-month low of $21.99 and a 12-month high of $30.70. The firm has a market capitalization of $8.52 billion, a P/E ratio of 12.13, a P/E/G ratio of 11.13 and a beta of 0.83. The firm has a 50-day moving average price of $29.25 and a 200 day moving average price of $28.28. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the company earned $0.74 EPS. The business’s quarterly revenue was down 5.7% on a year-over-year basis. Sell-side analysts forecast that Graphic Packaging Holding will post 2.52 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GPK shares. Robert W. Baird lifted their price objective on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Truist Financial lowered Graphic Packaging from a “buy” rating to a “hold” rating and lowered their price target for the stock from $32.00 to $30.00 in a research note on Wednesday, October 30th. Royal Bank of Canada reduced their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Wells Fargo & Company lifted their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 31st. Finally, StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Graphic Packaging currently has an average rating of “Hold” and an average price target of $31.53.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.