Aptus Capital Advisors LLC grew its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 203,280 shares of the industrial products company's stock after acquiring an additional 33,587 shares during the period. Aptus Capital Advisors LLC owned 0.07% of Graphic Packaging worth $5,521,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of GPK. Alliancebernstein L.P. lifted its holdings in Graphic Packaging by 920.6% during the 4th quarter. Alliancebernstein L.P. now owns 4,176,187 shares of the industrial products company's stock worth $113,425,000 after buying an additional 3,767,011 shares in the last quarter. Norges Bank bought a new position in Graphic Packaging in the fourth quarter valued at about $98,268,000. Marshall Wace LLP increased its position in Graphic Packaging by 735.3% in the fourth quarter. Marshall Wace LLP now owns 2,446,843 shares of the industrial products company's stock worth $66,456,000 after purchasing an additional 2,153,925 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Graphic Packaging in the 4th quarter valued at about $51,642,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Graphic Packaging by 11.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock worth $441,990,000 after buying an additional 1,702,764 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have commented on GPK. Truist Financial lowered their target price on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird decreased their target price on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Raymond James reissued an "outperform" rating and set a $26.00 price objective (down previously from $30.00) on shares of Graphic Packaging in a research note on Friday, May 2nd. Finally, Royal Bank of Canada cut their target price on shares of Graphic Packaging from $32.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.17.
Get Our Latest Stock Report on Graphic Packaging
Graphic Packaging Stock Down 0.9 %
GPK traded down $0.19 during trading on Wednesday, reaching $21.89. The company had a trading volume of 2,702,194 shares, compared to its average volume of 2,475,899. The company has a market cap of $6.61 billion, a P/E ratio of 10.13, a PEG ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 12 month low of $20.86 and a 12 month high of $30.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. The business's fifty day moving average price is $25.17 and its 200 day moving average price is $27.05.
Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.14 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The company's revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 earnings per share. Equities analysts anticipate that Graphic Packaging Holding will post 2.47 EPS for the current year.
Graphic Packaging declared that its board has authorized a share repurchase program on Thursday, May 1st that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the industrial products company to buy up to 23.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
About Graphic Packaging
(
Free Report)
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.
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