Graphic Packaging Holding Company $GPK Shares Acquired by SG Americas Securities LLC

Key Points

• SG Americas Securities boosted its stake in Graphic Packaging by 673.5% in Q4 to 165,245 shares (≈$2.49M), and institutional investors now own about 99.67% of the stock.
• CEO Robbert Rietbroek made a material insider purchase of 44,278 shares at an average price of $11.32 (≈$501,227), increasing his direct ownership to 44,278 shares.
• Graphic Packaging declared a quarterly dividend of $0.11 (annualized yield ~4.5%), while the stock trades at a PE of 6.54 and carries a MarketBeat consensus rating of "Reduce" with a $15.29 price target.

SG Americas Securities LLC grew its stake in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 673.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,245 shares of the industrial products company's stock after purchasing an additional 143,882 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Graphic Packaging worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in GPK. Wealth Enhancement Advisory Services LLC boosted its stake in Graphic Packaging by 282.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 62,562 shares of the industrial products company's stock worth $980,000 after buying an additional 46,204 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new position in shares of Graphic Packaging during the 4th quarter worth $176,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Graphic Packaging by 649.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,039 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 1,767 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Graphic Packaging in the third quarter valued at about $2,360,000. Finally, Swiss Life Asset Management Ltd purchased a new stake in shares of Graphic Packaging in the third quarter valued at about $274,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Graphic Packaging Price Performance

Shares of GPK opened at $9.69 on Friday. The firm has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $14.81. The stock has a market cap of $2.86 billion, a PE ratio of 6.54 and a beta of 0.69. Graphic Packaging Holding Company has a 1-year low of $8.78 and a 1-year high of $26.36. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 0.52.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings data on Monday, March 2nd. The industrial products company reported $0.24 EPS for the quarter. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. The firm had revenue of $2.10 billion for the quarter. As a group, analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Sunday, March 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.44 annualized dividend and a yield of 4.5%. Graphic Packaging's dividend payout ratio is presently 29.73%.

Insider Buying and Selling

In other news, CEO Robbert Rietbroek bought 44,278 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was bought at an average cost of $11.32 per share, with a total value of $501,226.96. Following the transaction, the chief executive officer directly owned 44,278 shares in the company, valued at $501,226.96. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GPK. Robert W. Baird set a $15.00 target price on shares of Graphic Packaging in a research note on Wednesday, February 4th. Truist Financial set a $14.00 price target on shares of Graphic Packaging in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Graphic Packaging in a research report on Wednesday. They set a "hold" rating and a $9.60 price target on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Graphic Packaging in a research report on Friday, March 27th. Finally, Citigroup cut their target price on Graphic Packaging from $16.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, February 5th. Nine investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Graphic Packaging has a consensus rating of "Reduce" and a consensus price target of $15.29.

Graphic Packaging 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.

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