Quantinno Capital Management LP Has $2.26 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Quantinno Capital Management LP boosted its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,137 shares of the industrial products company's stock after purchasing an additional 25,593 shares during the quarter. Quantinno Capital Management LP's holdings in Graphic Packaging were worth $2,258,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Picton Mahoney Asset Management grew its stake in Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 394 shares during the last quarter. 1620 Investment Advisors Inc. lifted its holdings in Graphic Packaging by 3.8% in the 4th quarter. 1620 Investment Advisors Inc. now owns 11,163 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 413 shares in the last quarter. CIBC Asset Management Inc grew its stake in Graphic Packaging by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company's stock worth $251,000 after acquiring an additional 477 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Graphic Packaging by 2.0% during the 4th quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company's stock valued at $692,000 after acquiring an additional 486 shares during the last quarter. Finally, Keynote Financial Services LLC boosted its holdings in shares of Graphic Packaging by 6.9% in the 4th quarter. Keynote Financial Services LLC now owns 7,607 shares of the industrial products company's stock valued at $207,000 after purchasing an additional 492 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Graphic Packaging Stock Performance

NYSE GPK traded down $0.00 during trading hours on Monday, hitting $22.62. The company had a trading volume of 3,175,577 shares, compared to its average volume of 2,520,934. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The firm has a market cap of $6.83 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a fifty-two week low of $20.86 and a fifty-two week high of $30.70. The business has a fifty day simple moving average of $24.31 and a 200-day simple moving average of $26.52.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm earned $0.66 EPS. The firm's revenue was down 6.2% on a year-over-year basis. Equities analysts predict that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging declared that its board has authorized a stock repurchase program on Thursday, May 1st that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the industrial products company to purchase 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 stock is undervalued.

Graphic Packaging Announces Dividend

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

Analysts Set New Price Targets

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

Graphic Packaging Company Profile

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.