Petrus Trust Company LTA Increases Stock Position 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 holdings in shares of Ranpak Holdings Corp (NYSE:PACK - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,643,439 shares of the company's stock after purchasing an additional 146,010 shares during the quarter. Ranpak makes up approximately 1.3% of Petrus Trust Company LTA's portfolio, making the stock its 17th largest holding. Petrus Trust Company LTA owned 3.16% of Ranpak worth $14,327,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PACK. GAMMA Investing LLC lifted its holdings in Ranpak by 1,601.2% during the first quarter. GAMMA Investing LLC now owns 5,631 shares of the company's stock valued at $31,000 after purchasing an additional 5,300 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in Ranpak during the first quarter valued at about $59,000. ProShare Advisors LLC purchased a new stake in Ranpak during the fourth quarter valued at about $83,000. Graham Capital Management L.P. lifted its holdings in Ranpak by 42.1% during the fourth quarter. Graham Capital Management L.P. now owns 17,398 shares of the company's stock valued at $120,000 after purchasing an additional 5,155 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Ranpak by 25.4% in the fourth quarter. BNP Paribas Financial Markets now owns 17,881 shares of the company's stock worth $123,000 after buying an additional 3,623 shares in the last quarter. 85.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ranpak Price Performance

Shares of PACK stock traded down $0.11 during trading on Tuesday, hitting $4.83. The company had a trading volume of 513,584 shares, compared to its average volume of 1,246,213. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 0.74. The stock's 50-day moving average is $4.18 and its two-hundred day moving average is $4.31. Ranpak Holdings Corp has a 52 week low of $2.91 and a 52 week high of $8.70.

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

Ranpak Profile

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.