Flinton Capital Management LLC reduced its holdings in Graphic Packaging Holding (NYSE:GPK) by 30.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 339,660 shares of the industrial products company’s stock after selling 147,118 shares during the quarter. Flinton Capital Management LLC owned about 0.11% of Graphic Packaging worth $5,248,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. ArrowMark Colorado Holdings LLC increased its holdings in shares of Graphic Packaging by 929.3% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 5,609,827 shares of the industrial products company’s stock valued at $86,672,000 after acquiring an additional 5,064,827 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Graphic Packaging by 4,802.3% during the third quarter. Schroder Investment Management Group now owns 3,641,767 shares of the industrial products company’s stock valued at $50,475,000 after acquiring an additional 3,567,480 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Graphic Packaging by 128.4% during the fourth quarter. Renaissance Technologies LLC now owns 2,181,518 shares of the industrial products company’s stock valued at $33,704,000 after acquiring an additional 1,226,429 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Graphic Packaging by 123.8% during the fourth quarter. Citadel Advisors LLC now owns 2,078,232 shares of the industrial products company’s stock valued at $32,109,000 after acquiring an additional 1,149,640 shares in the last quarter. Finally, Monarch Partners Asset Management LLC bought a new stake in shares of Graphic Packaging during the fourth quarter valued at approximately $17,666,000. Institutional investors and hedge funds own 99.83% of the company’s stock.
Shares of Graphic Packaging stock opened at $15.37 on Friday. Graphic Packaging Holding has a 12-month low of $12.65 and a 12-month high of $16.74. The firm has a market cap of $4,806.79, a P/E ratio of 24.40, a P/E/G ratio of 3.56 and a beta of 1.15. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 1.71.
Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). Graphic Packaging had a return on equity of 17.09% and a net margin of 6.82%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.14 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. equities analysts anticipate that Graphic Packaging Holding will post 0.87 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 15th were issued a dividend of $0.075 per share. The ex-dividend date was Wednesday, March 14th. This represents a $0.30 annualized dividend and a yield of 1.95%. Graphic Packaging’s dividend payout ratio (DPR) is currently 47.62%.
In other Graphic Packaging news, SVP Joseph P. Yost sold 15,137 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $15.60, for a total value of $236,137.20. Following the transaction, the senior vice president now owns 343,472 shares of the company’s stock, valued at $5,358,163.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Alan R. Nichols sold 150,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.50, for a total value of $2,325,000.00. Following the completion of the transaction, the senior vice president now directly owns 123,885 shares in the company, valued at approximately $1,920,217.50. The disclosure for this sale can be found here. Insiders have sold 215,137 shares of company stock valued at $3,311,137 in the last quarter. 1.02% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently commented on the company. Citigroup decreased their price objective on Graphic Packaging from $19.00 to $18.00 and set a “buy” rating for the company in a report on Thursday. ValuEngine upgraded Graphic Packaging from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded Graphic Packaging from a “hold” rating to a “sell” rating in a report on Friday, March 16th. BMO Capital Markets decreased their price objective on Graphic Packaging from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, Royal Bank of Canada restated a “buy” rating and set a $19.00 price objective on shares of Graphic Packaging in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Graphic Packaging presently has a consensus rating of “Buy” and a consensus price target of $17.31.
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Graphic Packaging Company Profile
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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