Green Square Capital LLC trimmed its position in shares of Graphic Packaging Holding (NYSE:GPK) by 35.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,201 shares of the industrial products company’s stock after selling 11,256 shares during the quarter. Green Square Capital LLC’s holdings in Graphic Packaging were worth $282,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Boston Partners boosted its position in Graphic Packaging by 2.5% during the 3rd quarter. Boston Partners now owns 23,242,239 shares of the industrial products company’s stock valued at $324,229,000 after acquiring an additional 575,011 shares in the last quarter. American Century Companies Inc. raised its holdings in Graphic Packaging by 241.9% in the 3rd quarter. American Century Companies Inc. now owns 15,844,681 shares of the industrial products company’s stock worth $221,033,000 after acquiring an additional 11,210,161 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Graphic Packaging by 6.5% in the 3rd quarter. Janus Henderson Group PLC now owns 9,022,954 shares of the industrial products company’s stock worth $125,871,000 after acquiring an additional 548,688 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Graphic Packaging by 8.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,994,618 shares of the industrial products company’s stock worth $123,946,000 after acquiring an additional 696,161 shares during the last quarter. Finally, Canyon Capital Advisors LLC bought a new stake in Graphic Packaging in the 2nd quarter worth approximately $100,045,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.
GPK has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Graphic Packaging from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. DA Davidson reaffirmed a “buy” rating and issued a $16.50 target price (down previously from $17.50) on shares of Graphic Packaging in a research report on Monday, August 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.50 target price on shares of Graphic Packaging in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a research report on Wednesday, October 4th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $15.00 price objective on shares of Graphic Packaging in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $16.26.
Shares of Graphic Packaging Holding (NYSE:GPK) traded up $0.09 during trading on Thursday, reaching $15.41. 2,619,900 shares of the company traded hands, compared to its average volume of 3,892,590. The company has a market cap of $4,744.82, a P/E ratio of 25.11, a P/E/G ratio of 4.69 and a beta of 1.19. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.50 and a quick ratio of 0.74. Graphic Packaging Holding has a one year low of $12.00 and a one year high of $15.85.
Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. Graphic Packaging had a net margin of 3.70% and a return on equity of 17.27%. Graphic Packaging’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. analysts anticipate that Graphic Packaging Holding will post 0.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, December 14th. Graphic Packaging’s payout ratio is currently 57.69%.
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About Graphic Packaging
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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