Pathstone Holdings LLC Purchases 37,811 Shares of Graphic Packaging Holding (NYSE:GPK)

Pathstone Holdings LLC boosted its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 374,781 shares of the industrial products company's stock after purchasing an additional 37,811 shares during the quarter. Pathstone Holdings LLC owned about 0.12% of Graphic Packaging worth $10,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management grew its holdings in shares of Graphic Packaging by 55.4% during 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 last quarter. Crews Bank & Trust bought a new stake in Graphic Packaging during the fourth quarter worth $32,000. Avior Wealth Management LLC lifted its stake in Graphic Packaging by 2,484.0% during the 4th 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 in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Graphic Packaging by 92.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock worth $39,000 after acquiring an additional 689 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings 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 last quarter. 99.67% of the stock is owned by institutional investors.

Graphic Packaging Stock Performance

GPK traded down $0.19 during trading hours on Wednesday, hitting $23.08. The stock had a trading volume of 424,647 shares, compared to its average volume of 2,499,740. The stock has a market cap of $6.96 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 1 year low of $20.86 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 company's fifty day simple moving average is $24.52 and its 200 day simple moving average is $26.65.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings results 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 net margin of 7.47% and a return on equity of 25.96%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm earned $0.66 EPS. The business's revenue for the quarter was down 6.2% on a year-over-year basis. Equities analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

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

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.