Mirova Has $4.15 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Mirova grew its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 41.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,851 shares of the industrial products company's stock after purchasing an additional 44,585 shares during the period. Mirova owned approximately 0.05% of Graphic Packaging worth $4,151,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in Graphic Packaging by 920.6% in the 4th quarter. Alliancebernstein L.P. now owns 4,176,187 shares of the industrial products company's stock worth $113,425,000 after buying an additional 3,767,011 shares in the last quarter. Norges Bank purchased a new stake in shares of Graphic Packaging during the fourth quarter worth about $98,268,000. Marshall Wace LLP lifted its stake in shares of Graphic Packaging by 735.3% in the fourth quarter. Marshall Wace LLP now owns 2,446,843 shares of the industrial products company's stock worth $66,456,000 after acquiring an additional 2,153,925 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in Graphic Packaging in the fourth quarter valued at about $51,642,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Graphic Packaging by 11.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock valued at $441,990,000 after purchasing an additional 1,702,764 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on GPK shares. Truist Financial lowered their price objective on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a report on Tuesday. Citigroup reissued a "neutral" rating and set a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Wells Fargo & Company raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Raymond James dropped their target price on Graphic Packaging from $32.00 to $30.00 and set an "outperform" rating on the stock in a report on Tuesday. Finally, Robert W. Baird cut their price target on shares of 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.89.

Graphic Packaging Trading Down 1.3 %

Shares of GPK stock traded down $0.34 during trading hours on Friday, reaching $24.99. 807,124 shares of the stock traded hands, compared to its average volume of 2,424,942. The business has a fifty day moving average price of $25.80 and a 200 day moving average price of $27.42. Graphic Packaging Holding has a 1-year low of $23.03 and a 1-year high of $30.70. 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 capitalization of $7.54 billion, a PE ratio of 11.57, a PEG ratio of 2.10 and a beta of 0.80.

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

Graphic Packaging Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th were issued a $0.11 dividend. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. 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 1.76%. Graphic Packaging's dividend payout ratio is currently 20.37%.

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.