Vaughan Nelson Investment Management L.P. raised its position in Graphic Packaging Holding Company (NYSE:GPK) by 1.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,197,050 shares of the industrial products company’s stock after purchasing an additional 60,750 shares during the period. Graphic Packaging Holding accounts for approximately 1.0% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 19th largest position. Vaughan Nelson Investment Management L.P. owned 2.00% of Graphic Packaging Holding worth $86,449,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in Graphic Packaging Holding by 1.6% during the 2nd quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 117 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Graphic Packaging Holding by 0.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 61 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Graphic Packaging Holding by 124.0% in the 1st quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock worth $130,000 after acquiring an additional 5,582 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of Graphic Packaging Holding in the 1st quarter worth $140,000. Finally, Eagle Boston Investment Management Inc. grew its stake in shares of Graphic Packaging Holding by 1.5% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 95.10% of the company’s stock.
Shares of Graphic Packaging Holding Company (NYSE:GPK) traded down $0.16 during trading on Friday, reaching $15.25. The company’s stock had a trading volume of 3,220,600 shares, compared to its average volume of 4,011,031. Graphic Packaging Holding Company has a fifty-two week low of $12.00 and a fifty-two week high of $15.85. The stock has a market capitalization of $4,772.69, a price-to-earnings ratio of 25.26, a P/E/G ratio of 4.69 and a beta of 1.20. 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 (NYSE:GPK) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 EPS 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 Holding had a return on equity of 17.27% and a net margin of 3.70%. Graphic Packaging Holding’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. equities analysts expect that Graphic Packaging Holding Company will post 0.66 EPS for the current year.
In other Graphic Packaging Holding news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $15.51, for a total transaction of $593,505.66. Following the completion of the sale, the vice president now directly owns 77,139 shares in the company, valued at approximately $1,196,425.89. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.02% of the company’s stock.
Several equities research analysts have commented on GPK shares. Zacks Investment Research raised shares of Graphic Packaging Holding from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BMO Capital Markets reissued a “buy” rating and issued a $15.50 price target on shares of Graphic Packaging Holding in a report on Friday, September 1st. BidaskClub cut shares of Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. KeyCorp restated a “hold” rating on shares of Graphic Packaging Holding in a research report on Tuesday, October 10th. Finally, Stephens began coverage on shares of Graphic Packaging Holding in a research report on Tuesday, October 24th. They issued an “overweight” rating and a $17.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Graphic Packaging Holding currently has an average rating of “Buy” and an average target price of $16.13.
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About Graphic Packaging Holding
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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