Algert Global LLC Purchases 190,834 Shares of Graphic Packaging Holding Company $GPK

Algert Global LLC lifted its position in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 12.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,747,261 shares of the industrial products company's stock after purchasing an additional 190,834 shares during the quarter. Algert Global LLC owned 0.59% of Graphic Packaging worth $18,469,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Asset One Wealth Management LLC purchased a new position in shares of Graphic Packaging during the 2nd quarter valued at about $165,000. Sanctuary Advisors LLC purchased a new stake in Graphic Packaging in the second quarter worth approximately $216,000. Clear Harbor Asset Management LLC bought a new position in Graphic Packaging during the second quarter valued at approximately $181,000. Bank of Nova Scotia purchased a new position in shares of Graphic Packaging during the second quarter worth approximately $1,434,000. Finally, Quantbot Technologies LP purchased a new position in shares of Graphic Packaging during the second quarter worth approximately $811,000. 99.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Graphic Packaging from a "strong sell" rating to a "hold" rating in a research note on Monday, June 1st. Robert W. Baird set a $13.00 target price on shares of Graphic Packaging in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their price target on shares of Graphic Packaging from $9.00 to $10.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 5th. Citigroup upped their price target on shares of Graphic Packaging from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Graphic Packaging in a research note on Wednesday, June 24th. Nine equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $11.14.

Graphic Packaging Stock Down 4.4%

Shares of NYSE GPK opened at $11.43 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 1.38 and a debt-to-equity ratio of 1.58. Graphic Packaging Holding Company has a 52 week low of $8.78 and a 52 week high of $23.06. The firm's fifty day moving average is $11.03 and its 200 day moving average is $10.75. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 17.32 and a beta of 0.66.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.18 billion. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 EPS. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. On average, equities research analysts expect that Graphic Packaging Holding Company will post 0.71 earnings per share for the current year.

Graphic Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, September 15th. Graphic Packaging's dividend payout ratio is currently 66.67%.

Graphic Packaging Company Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source