Petrus Trust Company LTA Has $14.33 Million Stake in Ranpak Holdings Corp $PACK

Key Points

• Petrus Trust Company LTA increased its holdings in Ranpak Holdings Corp (NYSE:PACK) by 5.8%, owning 2,643,439 shares after acquiring an additional 146,010 shares during the first quarter.
• Analysts have raised their target prices for Ranpak, with Cantor Fitzgerald setting a target of $6.50 and Craig Hallum increasing it to $10.00, while the stock holds an average rating of "Moderate Buy".
• Ranpak reported a loss of ($0.09) earnings per share for the last quarter, significantly missing estimates, and posted revenues of $77.80 million against expectations of $94.45 million.

Petrus Trust Company LTA raised its stake in Ranpak Holdings Corp (NYSE:PACK - Free Report) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,643,439 shares of the company's stock after buying an additional 146,010 shares during the period. Ranpak makes up about 1.3% of Petrus Trust Company LTA's investment portfolio, making the stock its 17th largest holding. Petrus Trust Company LTA owned approximately 3.16% of Ranpak worth $14,327,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Ranpak by 1,601.2% in the first quarter. GAMMA Investing LLC now owns 5,631 shares of the company's stock valued at $31,000 after buying an additional 5,300 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in Ranpak during the 1st quarter worth approximately $59,000. ProShare Advisors LLC purchased a new position in shares of Ranpak during the 4th quarter valued at $83,000. Graham Capital Management L.P. grew its holdings in shares of Ranpak by 42.1% during the 4th quarter. Graham Capital Management L.P. now owns 17,398 shares of the company's stock valued at $120,000 after acquiring an additional 5,155 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Ranpak by 25.4% during the 4th quarter. BNP Paribas Financial Markets now owns 17,881 shares of the company's stock valued at $123,000 after acquiring an additional 3,623 shares in the last quarter. Institutional investors own 85.94% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on PACK shares. Craig Hallum boosted their price target on shares of Ranpak from $8.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Cantor Fitzgerald boosted their price target on shares of Ranpak from $6.00 to $6.50 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $7.17.

Ranpak Stock Up 1.6%

NYSE:PACK traded up $0.08 during trading hours on Thursday, reaching $4.91. The company's stock had a trading volume of 190,771 shares, compared to its average volume of 637,472. The company has a market cap of $413.79 million, a price-to-earnings ratio of -11.68 and a beta of 2.76. Ranpak Holdings Corp has a one year low of $2.91 and a one year high of $8.70. The business's 50-day moving average is $4.22 and its 200-day moving average is $4.31. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.74 and a quick ratio of 1.30.

Ranpak (NYSE:PACK - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.13). The firm had revenue of $77.80 million for the quarter, compared to analyst estimates of $94.45 million. Ranpak had a negative return on equity of 6.29% and a negative net margin of 9.06%. Ranpak has set its FY 2025 guidance at EPS. Equities research analysts predict that Ranpak Holdings Corp will post -0.2 EPS for the current year.

About Ranpak

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.