Federated Hermes Inc. Has $4.47 Million Stake in Graphic Packaging Holding (NYSE:GPK)

Federated Hermes Inc. boosted its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,478 shares of the industrial products company's stock after purchasing an additional 14,598 shares during the period. Federated Hermes Inc. owned approximately 0.05% of Graphic Packaging worth $4,467,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its position in shares of Graphic Packaging by 32.0% in the 4th quarter. Russell Investments Group Ltd. now owns 70,831 shares of the industrial products company's stock valued at $1,924,000 after purchasing an additional 17,183 shares during the period. Mizuho Bank Ltd. purchased a new position in Graphic Packaging during the 4th quarter worth approximately $43,000. Wells Fargo & Company MN lifted its holdings in shares of Graphic Packaging by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 194,467 shares of the industrial products company's stock valued at $5,282,000 after purchasing an additional 608 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of Graphic Packaging by 6.3% during the fourth quarter. Foundry Partners LLC now owns 22,269 shares of the industrial products company's stock valued at $605,000 after buying an additional 1,314 shares in the last quarter. Finally, Nemes Rush Group LLC raised its position in Graphic Packaging by 7.6% during the fourth quarter. Nemes Rush Group LLC now owns 83,548 shares of the industrial products company's stock valued at $2,269,000 after buying an additional 5,885 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Trading Up 0.3 %

GPK stock traded up $0.09 during trading on Thursday, hitting $24.53. The company had a trading volume of 545,492 shares, compared to its average volume of 2,419,852. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 2.10 and a beta of 0.80. Graphic Packaging Holding has a 12 month low of $23.03 and a 12 month high of $30.70. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The firm has a 50-day moving average price of $26.00 and a 200-day moving average price of $27.59.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.04). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Graphic Packaging's quarterly revenue was down 6.8% compared to the same quarter last year. As a group, analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th were given a dividend of $0.11 per share. The ex-dividend date was Friday, March 14th. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.79%. Graphic Packaging's payout ratio is 20.37%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GPK shares. Citigroup restated a "neutral" rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Robert W. Baird reduced their price objective 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. Wells Fargo & Company raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. Finally, Truist Financial reduced their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Monday, March 24th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Graphic Packaging presently has a consensus rating of "Hold" and an average target price of $31.37.

Graphic Packaging Company Profile

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.