Dimensional Fund Advisors LP Raises Stake in Ranpak Holdings Corp. (NYSE:PACK)

Dimensional Fund Advisors LP boosted its stake in shares of Ranpak Holdings Corp. (NYSE:PACK - Free Report) by 8.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,569,282 shares of the company's stock after purchasing an additional 198,973 shares during the period. Dimensional Fund Advisors LP owned approximately 3.09% of Ranpak worth $17,677,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Ranpak by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,543,196 shares of the company's stock valued at $17,497,000 after acquiring an additional 49,102 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Ranpak by 8.2% during the 4th quarter. Kennedy Capital Management LLC now owns 485,532 shares of the company's stock valued at $3,340,000 after purchasing an additional 36,648 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ranpak by 22.8% in the 4th quarter. JPMorgan Chase & Co. now owns 446,719 shares of the company's stock valued at $3,073,000 after purchasing an additional 82,904 shares during the period. New York State Common Retirement Fund boosted its holdings in Ranpak by 3.3% during the fourth quarter. New York State Common Retirement Fund now owns 415,847 shares of the company's stock worth $2,861,000 after buying an additional 13,092 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Ranpak by 18.5% during the fourth quarter. Empowered Funds LLC now owns 363,877 shares of the company's stock valued at $2,503,000 after buying an additional 56,908 shares during the period. Hedge funds and other institutional investors own 85.94% of the company's stock.

Wall Street Analysts Forecast Growth

PACK has been the subject of a number of analyst reports. Cantor Fitzgerald decreased their price objective on shares of Ranpak from $11.50 to $6.00 and set an "overweight" rating for the company in a research report on Wednesday. Robert W. Baird reduced their price target on Ranpak from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Wednesday.

Ranpak Price Performance

PACK traded up $0.03 during midday trading on Friday, hitting $3.38. 424,196 shares of the company traded hands, compared to its average volume of 434,624. Ranpak Holdings Corp. has a 52-week low of $2.91 and a 52-week high of $9.04. The company has a current ratio of 2.36, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The business has a 50 day simple moving average of $4.65 and a two-hundred day simple moving average of $6.20. The company has a market capitalization of $282.60 million, a price-to-earnings ratio of -14.08 and a beta of 2.79.

Ranpak (NYSE:PACK - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.09). Ranpak had a negative net margin of 5.64% and a negative return on equity of 3.54%. The firm had revenue of $91.20 million for the quarter, compared to analyst estimates of $90.56 million. During the same period in the previous year, the company earned ($0.10) EPS. Ranpak's revenue was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Ranpak Holdings Corp. will post -0.2 earnings per share for the current fiscal year.

About Ranpak

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.