Guggenheim Capital LLC increased its holdings in Graphic Packaging Holding (NYSE:GPK) by 21.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 414,698 shares of the industrial products company’s stock after purchasing an additional 72,520 shares during the period. Guggenheim Capital LLC owned 0.13% of Graphic Packaging worth $6,365,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jane Street Group LLC purchased a new position in Graphic Packaging in the 1st quarter worth approximately $192,000. Barclays PLC raised its holdings in shares of Graphic Packaging by 7,477.0% during the 1st quarter. Barclays PLC now owns 3,670,698 shares of the industrial products company’s stock worth $56,346,000 after acquiring an additional 3,622,253 shares in the last quarter. NS Partners Ltd raised its holdings in shares of Graphic Packaging by 1.7% during the 1st quarter. NS Partners Ltd now owns 300,530 shares of the industrial products company’s stock worth $4,613,000 after acquiring an additional 5,027 shares in the last quarter. A.R.T. Advisors LLC raised its holdings in shares of Graphic Packaging by 60.1% during the 1st quarter. A.R.T. Advisors LLC now owns 53,000 shares of the industrial products company’s stock worth $813,000 after acquiring an additional 19,900 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Graphic Packaging by 30.6% during the 1st quarter. Lord Abbett & CO. LLC now owns 4,207,600 shares of the industrial products company’s stock worth $64,587,000 after acquiring an additional 986,500 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on GPK shares. Jefferies Financial Group started coverage on Graphic Packaging in a report on Friday, May 18th. They set a “buy” rating and a $20.00 price objective on the stock. Citigroup decreased their price objective on Graphic Packaging from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, April 5th. ValuEngine raised Graphic Packaging from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. BMO Capital Markets reaffirmed a “buy” rating and set a $18.00 price objective (up from $17.00) on shares of Graphic Packaging in a report on Tuesday, April 24th. Finally, TheStreet cut Graphic Packaging from a “b” rating to a “c+” rating in a report on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.06.
NYSE GPK opened at $14.51 on Monday. The company has a market cap of $4.50 billion, a PE ratio of 23.03, a P/E/G ratio of 3.31 and a beta of 1.16. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.86 and a current ratio of 1.82. Graphic Packaging Holding has a fifty-two week low of $12.65 and a fifty-two week high of $16.74.
Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, April 24th. The industrial products company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. Graphic Packaging had a return on equity of 14.94% and a net margin of 6.08%. The company’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. equities analysts expect that Graphic Packaging Holding will post 0.88 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Friday, June 15th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, June 14th. Graphic Packaging’s dividend payout ratio is currently 47.62%.
In other news, SVP Alan R. Nichols sold 101,303 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $15.08, for a total transaction of $1,527,649.24. Following the transaction, the senior vice president now owns 43,335 shares of the company’s stock, valued at approximately $653,491.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.
Graphic Packaging Profile
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.
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