Trexquant Investment LP Invests $4.93 Million in Graphic Packaging Holding Company $GPK

Key Points

• Trexquant Investment LP acquired a new position in Graphic Packaging Holding Company, purchasing 189,906 shares for approximately $4.93 million during the first quarter.
• Graphic Packaging announced a quarterly dividend of $0.11 per share, resulting in an annualized dividend yield of 2.0%.
• The company reported an EPS of $0.42 for the last quarter, exceeding analysts' estimates of $0.40, with revenues reaching $2.20 billion.

Trexquant Investment LP purchased a new stake in Graphic Packaging Holding Company (NYSE:GPK - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 189,906 shares of the industrial products company's stock, valued at approximately $4,930,000. Trexquant Investment LP owned about 0.06% of Graphic Packaging at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GPK. Brooklyn Investment Group raised its position in shares of Graphic Packaging by 69.9% during the 1st quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock worth $28,000 after purchasing an additional 438 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Graphic Packaging during the 1st quarter worth approximately $28,000. Wayfinding Financial LLC acquired a new stake in shares of Graphic Packaging in the 1st quarter valued at $42,000. UMB Bank n.a. raised its stake in Graphic Packaging by 42.3% during the 1st quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock worth $55,000 after acquiring an additional 632 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Graphic Packaging during the 1st quarter worth $64,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Stock Performance

GPK traded down $1.10 during trading on Wednesday, reaching $20.88. 6,508,007 shares of the company's stock were exchanged, compared to its average volume of 3,196,756. Graphic Packaging Holding Company has a fifty-two week low of $20.65 and a fifty-two week high of $30.70. The company has a quick ratio of 0.56, a current ratio of 1.43 and a debt-to-equity ratio of 1.68. The business has a 50 day moving average price of $22.34 and a 200 day moving average price of $23.61. The company has a market capitalization of $6.18 billion, a P/E ratio of 11.79, a PEG ratio of 7.57 and a beta of 0.75.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.13 billion. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. As a group, analysts predict that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, September 15th. Graphic Packaging's payout ratio is currently 24.86%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GPK. Wells Fargo & Company lifted their target price on shares of Graphic Packaging from $21.00 to $23.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Royal Bank Of Canada cut their price objective on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, June 18th. BNP Paribas Exane downgraded shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. UBS Group initiated coverage on shares of Graphic Packaging in a report on Wednesday, June 4th. They issued a "neutral" rating and a $24.00 price target on the stock. Finally, Truist Financial dropped their target price on shares of Graphic Packaging from $24.00 to $23.00 and set a "hold" rating on the stock in a report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $26.38.

Insider Activity

In related news, Director Philip R. Martens sold 7,015 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $21.80, for a total value of $152,927.00. Following the sale, the director directly owned 26,811 shares in the company, valued at $584,479.80. This represents a 20.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joseph P. Yost sold 30,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $22.72, for a total value of $681,600.00. Following the completion of the transaction, the executive vice president owned 255,203 shares in the company, valued at approximately $5,798,212.16. This represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,752 shares of company stock worth $2,073,663. Company insiders own 1.41% of the company's stock.

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.