179,000 Shares in Graphic Packaging Holding (NYSE:GPK) Acquired by Harber Asset Management LLC

Harber Asset Management LLC acquired a new position in Graphic Packaging Holding (NYSE:GPK) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 179,000 shares of the industrial products company’s stock, valued at approximately $4,412,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GPK. Principal Securities Inc. purchased a new stake in Graphic Packaging in the fourth quarter worth approximately $26,000. OLD Point Trust & Financial Services N A purchased a new stake in Graphic Packaging in the fourth quarter worth approximately $27,000. GAMMA Investing LLC purchased a new stake in Graphic Packaging in the fourth quarter worth approximately $44,000. CVA Family Office LLC purchased a new stake in Graphic Packaging in the fourth quarter worth approximately $62,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Graphic Packaging in the fourth quarter worth approximately $64,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Trading Down 0.9 %

GPK stock traded down $0.24 on Monday, reaching $27.07. The company’s stock had a trading volume of 1,797,716 shares, compared to its average volume of 2,726,579. The business has a fifty day simple moving average of $27.70 and a two-hundred day simple moving average of $26.28. Graphic Packaging Holding has a 12-month low of $20.07 and a 12-month high of $29.50. The firm has a market cap of $8.32 billion, a PE ratio of 12.25, a PEG ratio of 10.09 and a beta of 0.87. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.52 and a current ratio of 1.24.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s revenue was down 7.3% on a year-over-year basis. As a group, research analysts forecast that Graphic Packaging Holding will post 2.65 EPS for the current year.

Graphic Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, June 14th. Graphic Packaging’s payout ratio is 18.10%.

Analysts Set New Price Targets

GPK has been the subject of several research reports. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $21.00 target price on shares of Graphic Packaging in a research note on Monday, April 1st. Citigroup increased their price objective on Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Robert W. Baird increased their price objective on Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.13.

Graphic Packaging Company Profile

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.