Assenagon Asset Management S.A. Purchases 2,187,139 Shares of Graphic Packaging Holding Company $GPK

Key Points

• Assenagon Asset Management increased its Graphic Packaging stake by 323.5% in the third quarter, purchasing 2.19 million additional shares and bringing its holdings to 2.86 million shares, or about 0.97% of the company.
• Graphic Packaging reported quarterly EPS of $0.14, exceeding estimates of $0.12, while revenue reached $2.19 billion. However, revenue declined 0.7% year over year, and the stock was trading near its 12-month low at $8.56.
• The company pays a quarterly dividend of $0.11 per share, representing a 5.1% annualized yield. Analyst sentiment remains cautious, with an average “Reduce” rating and a consensus price target of $10.40.

Assenagon Asset Management S.A. lifted its position in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 323.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,863,216 shares of the industrial products company's stock after buying an additional 2,187,139 shares during the quarter. Assenagon Asset Management S.A. owned about 0.97% of Graphic Packaging worth $25,912,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in GPK. BlackRock Inc. acquired a new stake in shares of Graphic Packaging in the second quarter worth $440,345,000. Manning & Napier Advisors LLC acquired a new stake in shares of Graphic Packaging in the second quarter worth $88,094,000. Bank of America Corp DE acquired a new position in shares of Graphic Packaging during the second quarter valued at about $45,266,000. Squarepoint Ops LLC raised its holdings in Graphic Packaging by 20.3% in the 2nd quarter. Squarepoint Ops LLC now owns 4,155,774 shares of the industrial products company's stock valued at $43,927,000 after acquiring an additional 701,762 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. bought a new stake in shares of Graphic Packaging in the 2nd quarter worth approximately $43,335,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Trading Down 0.1%

NYSE GPK opened at $8.56 on Monday. Graphic Packaging Holding Company has a 12 month low of $8.15 and a 12 month high of $18.25. The stock has a 50-day simple moving average of $10.02 and a 200 day simple moving average of $10.30. The company has a current ratio of 1.38, a quick ratio of 0.60 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $2.54 billion, a PE ratio of 12.98 and a beta of 0.66.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.18 billion. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%. The company's revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. Research analysts forecast that Graphic Packaging Holding Company will post 0.69 EPS for the current year.

Graphic Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Graphic Packaging's dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GPK shares. Bank of America dropped their price objective on shares of Graphic Packaging from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Friday, September 11th. Royal Bank Of Canada decreased their target price on shares of Graphic Packaging from $10.00 to $9.00 and set a "sector perform" rating on the stock in a research report on Tuesday, October 13th. Weiss Ratings restated a "sell (d+)" rating on shares of Graphic Packaging in a research note on Monday, September 21st. Wells Fargo & Company upped their price target on Graphic Packaging from $9.00 to $10.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. Finally, Citigroup lowered their price target on Graphic Packaging from $13.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, October 2nd. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $10.40.

About Graphic Packaging

Graphic Packaging Holding Company NYSE: GPK is a provider of fiber-based packaging solutions for consumer products companies. Through its Graphic Packaging International subsidiary, the company designs and manufactures paperboard cartons, cups, trays and other packaging products used to package food, beverages and household and personal-care products.

The company also supplies packaging machinery and integrated packaging systems, including equipment used to form, fill and seal cartons and cups.

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.