LSV Asset Management Has $122.37 Million Stock Position in Graphic Packaging Holding (NYSE:GPK)

LSV Asset Management reduced its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,964,104 shares of the industrial products company's stock after selling 120,300 shares during the period. LSV Asset Management owned 1.62% of Graphic Packaging worth $122,365,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. FinTrust Capital Advisors LLC increased its position in Graphic Packaging by 870.7% in the third quarter. FinTrust Capital Advisors LLC now owns 1,291 shares of the industrial products company's stock worth $29,000 after buying an additional 1,158 shares during the period. GAMMA Investing LLC bought a new stake in Graphic Packaging in the 4th quarter valued at about $44,000. Venturi Wealth Management LLC boosted its stake in Graphic Packaging by 39.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,372 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 673 shares during the period. First Horizon Advisors Inc. grew its position in Graphic Packaging by 44.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,476 shares of the industrial products company's stock worth $55,000 after purchasing an additional 759 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $62,000. 99.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GPK has been the topic of several analyst reports. StockNews.com cut Graphic Packaging from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. Citigroup upped their price objective on shares of Graphic Packaging from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Thursday, April 4th. Robert W. Baird raised their target price on shares of Graphic Packaging from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and issued a $21.00 price target on shares of Graphic Packaging in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $28.13.

Graphic Packaging Price Performance

Shares of NYSE GPK traded up $0.23 during trading on Friday, hitting $27.09. The company had a trading volume of 3,180,953 shares, compared to its average volume of 2,705,939. The company has a market cap of $8.32 billion, a P/E ratio of 12.26, a PEG ratio of 0.40 and a beta of 0.86. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.42 and a current ratio of 1.24. The business's 50-day moving average is $27.53 and its 200 day moving average is $25.13. Graphic Packaging Holding has a 52 week low of $20.07 and a 52 week high of $29.50.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.38 billion. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. Graphic Packaging's revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 earnings per share. Equities research analysts predict that Graphic Packaging Holding will post 2.7 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, March 14th. Graphic Packaging's dividend payout ratio is 18.10%.

Insiders Place Their Bets

In other news, EVP Joseph P. Yost sold 70,000 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $26.20, for a total value of $1,834,000.00. Following the completion of the sale, the executive vice president now owns 205,231 shares of the company's stock, valued at $5,377,052.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

About Graphic Packaging

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.