Graphic Packaging Holding (NYSE:GPK) Shares Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. boosted its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,951 shares of the industrial products company's stock after buying an additional 30,796 shares during the period. Pinebridge Investments L.P.'s holdings in Graphic Packaging were worth $2,796,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GPK. Picton Mahoney Asset Management raised its position in 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 purchasing an additional 394 shares during the period. Crews Bank & Trust acquired a new position in Graphic Packaging in the 4th quarter valued at about $32,000. Avior Wealth Management LLC increased its stake in Graphic Packaging by 2,484.0% during the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock worth $35,000 after purchasing an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Graphic Packaging by 92.7% during the fourth 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 in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Graphic Packaging by 58.2% in the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 549 shares during the period. Hedge funds and other institutional investors own 99.67% of the company's stock.

Graphic Packaging Stock Performance

Shares of GPK stock traded down $0.34 during trading hours on Wednesday, reaching $25.30. 2,443,897 shares of the company's stock were exchanged, compared to its average volume of 2,431,309. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. Graphic Packaging Holding has a 1 year low of $23.03 and a 1 year high of $30.70. The company has a market cap of $7.63 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 2.10 and a beta of 0.80. The company's 50 day moving average is $25.70 and its two-hundred day moving average is $27.33.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.04). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The business's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Equities research analysts anticipate that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, April 5th. Investors of record on Saturday, March 15th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio is currently 20.37%.

Analysts Set New Price Targets

GPK has been the subject of several recent research reports. Raymond James decreased their price target on shares of Graphic Packaging from $32.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. 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 research report on Tuesday, April 22nd. Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. Robert W. Baird dropped their target price on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup reaffirmed a "neutral" rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.89.

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.