Logan Capital Management Inc. Has $9.50 Million Stake in Graphic Packaging Holding (NYSE:GPK)

Logan Capital Management Inc. decreased its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 349,710 shares of the industrial products company's stock after selling 12,687 shares during the period. Logan Capital Management Inc. owned about 0.12% of Graphic Packaging worth $9,498,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hudson Bay Capital Management LP lifted its position in Graphic Packaging by 8.3% in the 4th quarter. Hudson Bay Capital Management LP now owns 130,000 shares of the industrial products company's stock worth $3,531,000 after buying an additional 10,000 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Graphic Packaging by 783.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 1,059,988 shares of the industrial products company's stock worth $28,789,000 after purchasing an additional 940,035 shares in the last quarter. FORA Capital LLC bought a new stake in shares of Graphic Packaging in the 4th quarter valued at approximately $387,000. D. E. Shaw & Co. Inc. acquired a new stake in Graphic Packaging in the fourth quarter valued at approximately $229,000. Finally, Deutsche Bank AG raised its holdings in shares of Graphic Packaging by 24.3% during the 4th quarter. Deutsche Bank AG now owns 2,651,301 shares of the industrial products company's stock valued at $72,009,000 after purchasing an additional 518,280 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Graphic Packaging Price Performance

Shares of GPK stock traded up $0.20 during trading hours on Thursday, hitting $23.31. 2,870,945 shares of the company's stock were exchanged, compared to its average volume of 2,511,896. The stock's 50-day moving average is $24.80 and its 200-day moving average is $26.81. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. 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 52 week low of $20.86 and a 52 week high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company posted $0.66 EPS. The firm's quarterly revenue was down 6.2% compared to the same quarter last year. As a group, research analysts forecast 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 buyback $1.50 billion in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 23.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.