Quantinno Capital Management LP Raises Stake in Graphic Packaging Holding (NYSE:GPK)

Quantinno Capital Management LP boosted its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 44.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 83,137 shares of the industrial products company's stock after buying an additional 25,593 shares during the period. Quantinno Capital Management LP's holdings in Graphic Packaging were worth $2,258,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Graphic Packaging by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 29,725,347 shares of the industrial products company's stock worth $807,340,000 after buying an additional 145,209 shares in the last quarter. American Century Companies Inc. increased its stake in Graphic Packaging by 7.9% in the 4th quarter. American Century Companies Inc. now owns 16,555,660 shares of the industrial products company's stock worth $449,652,000 after buying an additional 1,206,295 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Graphic Packaging by 11.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock worth $441,990,000 after buying an additional 1,702,764 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Graphic Packaging by 5.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 14,600,941 shares of the industrial products company's stock worth $396,562,000 after buying an additional 788,066 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock worth $313,957,000 after buying an additional 787,266 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Graphic Packaging Trading Down 0.0%

Shares of NYSE:GPK traded down $0.00 during trading on Friday, reaching $22.62. The company's stock had a trading volume of 3,175,577 shares, compared to its average volume of 2,520,934. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a 12 month low of $20.86 and a 12 month high of $30.70. The firm's 50 day simple moving average is $24.31 and its two-hundred day simple moving average is $26.53. The stock has a market capitalization of $6.83 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.05). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the business posted $0.66 EPS. The firm's revenue was down 6.2% on a year-over-year basis. On average, research analysts predict that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 5th. Investors of record on Sunday, June 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, June 13th. Graphic Packaging's payout ratio is 21.46%.

Graphic Packaging announced that its Board of Directors has initiated a stock buyback program on Thursday, May 1st that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the industrial products company to reacquire up to 23.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have commented on GPK shares. Raymond James reissued an "outperform" rating and set a $26.00 price objective (down previously from $30.00) on shares of Graphic Packaging in a report on Friday, May 2nd. Robert W. Baird dropped their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Truist Financial dropped their price objective on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada dropped their price objective on shares of Graphic Packaging from $32.00 to $26.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.17.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.