Graphic Packaging Holding Company $GPK Shares Purchased by Skylands Capital LLC

Key Points

• Skylands Capital increased its stake in Graphic Packaging by 60.3% in Q4, purchasing an additional 144,850 shares to hold 384,900 shares worth about $5.8 million (≈0.13% of the company).
• Insider buy: CEO Robbert Rietbroek bought 44,278 shares at an average price of $11.32 (≈$501,227), marking a material insider purchase.
• Market view & metrics: Analysts are generally negative (MarketBeat average rating "Reduce" with an average target of $13.73 and recent cuts to $10), while the stock yields 4.6% ($0.44 annual), trades at a P/E of 6.48, and has a market cap of about $2.84 billion.

Skylands Capital LLC increased its position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 60.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,900 shares of the industrial products company's stock after purchasing an additional 144,850 shares during the period. Skylands Capital LLC owned 0.13% of Graphic Packaging worth $5,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GPK. AQR Capital Management LLC grew its stake in shares of Graphic Packaging by 36.6% during the first quarter. AQR Capital Management LLC now owns 171,608 shares of the industrial products company's stock worth $4,453,000 after purchasing an additional 45,944 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Graphic Packaging by 9.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,471,519 shares of the industrial products company's stock worth $38,201,000 after purchasing an additional 132,692 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Graphic Packaging by 5.4% during the second quarter. Hsbc Holdings PLC now owns 15,485 shares of the industrial products company's stock worth $326,000 after purchasing an additional 791 shares in the last quarter. Invesco Ltd. grew its stake in shares of Graphic Packaging by 28.8% during the second quarter. Invesco Ltd. now owns 2,130,941 shares of the industrial products company's stock worth $44,899,000 after purchasing an additional 477,085 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Graphic Packaging by 3.6% during the second quarter. First Trust Advisors LP now owns 1,002,964 shares of the industrial products company's stock worth $21,133,000 after purchasing an additional 34,790 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, CEO Robbert Rietbroek bought 44,278 shares of Graphic Packaging stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average cost of $11.32 per share, with a total value of $501,226.96. Following the completion of the acquisition, the chief executive officer owned 44,278 shares of the company's stock, valued at approximately $501,226.96. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.41% of the company's stock.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $9.60 on Tuesday. The company has a 50-day simple moving average of $10.30 and a 200-day simple moving average of $13.69. Graphic Packaging Holding Company has a one year low of $8.78 and a one year high of $25.81. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.52 and a current ratio of 1.30. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 6.48 and a beta of 0.69.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results 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 business had revenue of $2.10 billion during the quarter. On average, analysts predict that Graphic Packaging Holding Company will post 0.84 EPS for the current year.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Sunday, March 15th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, March 13th. Graphic Packaging's dividend payout ratio is presently 29.73%.

Analyst Ratings Changes

A number of brokerages recently commented on GPK. Royal Bank Of Canada lowered their target price on shares of Graphic Packaging from $13.00 to $10.00 and set a "sector perform" rating for the company in a research note on Friday, March 20th. Weiss Ratings reissued a "sell (d+)" rating on shares of Graphic Packaging in a research report on Friday, March 27th. Citigroup reduced their price target on shares of Graphic Packaging from $13.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, April 14th. Robert W. Baird set a $15.00 price target on shares of Graphic Packaging in a research report on Wednesday, February 4th. Finally, Zacks Research cut shares of Graphic Packaging from a "hold" rating to a "strong sell" rating in a research report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, Graphic Packaging presently has an average rating of "Reduce" and an average target price of $13.73.

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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