FORA Capital LLC Invests $387,000 in Graphic Packaging Holding (NYSE:GPK)

FORA Capital LLC acquired a new position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,251 shares of the industrial products company's stock, valued at approximately $387,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its stake in shares of Graphic Packaging by 55.4% in the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after buying an additional 394 shares during the period. Crews Bank & Trust acquired a new stake in shares of Graphic Packaging in the 4th quarter worth about $32,000. Avior Wealth Management LLC boosted its stake in Graphic Packaging by 2,484.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 1,242 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Graphic Packaging by 92.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock worth $39,000 after purchasing an additional 689 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Graphic Packaging by 58.2% in the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock worth $41,000 after purchasing an additional 549 shares during the period. Institutional investors and hedge funds own 99.67% of the company's stock.

Wall Street Analyst Weigh In

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

Graphic Packaging Stock Down 0.7%

GPK traded down $0.17 during trading on Wednesday, hitting $23.08. 3,964,991 shares of the company's stock traded hands, compared to its average volume of 2,509,506. The company's 50 day simple moving average is $24.80 and its two-hundred day simple moving average is $26.81. 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 stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 2.10 and a beta of 0.81.

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

Graphic Packaging declared that its board has authorized a stock buyback plan on Thursday, May 1st that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 23.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its shares are undervalued.

Graphic Packaging 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.