Graphic Packaging Holding Company (GPK) Holdings Raised by Guyasuta Investment Advisors Inc.
Guyasuta Investment Advisors Inc. boosted its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,800 shares of the industrial products company’s stock after acquiring an additional 4,385 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Graphic Packaging Holding were worth $1,071,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPK. American Century Companies Inc. raised its stake in Graphic Packaging Holding by 241.9% during 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 period. Janus Henderson Group PLC bought a new stake in Graphic Packaging Holding during the 2nd quarter worth approximately $116,776,000. Canyon Capital Advisors LLC bought a new stake in Graphic Packaging Holding during the 2nd quarter worth approximately $100,045,000. Boston Partners raised its stake in Graphic Packaging Holding by 24.7% during the 2nd quarter. Boston Partners now owns 22,667,228 shares of the industrial products company’s stock worth $312,354,000 after acquiring an additional 4,496,306 shares during the period. Finally, Marshall Wace North America L.P. raised its stake in Graphic Packaging Holding by 149.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 3,846,707 shares of the industrial products company’s stock worth $53,854,000 after acquiring an additional 2,301,825 shares during the period.
Graphic Packaging Holding Company (NYSE GPK) traded down $0.03 during trading on Friday, hitting $14.90. 2,005,300 shares of the stock traded hands, compared to its average volume of 3,999,289. The company has a market capitalization of $4,614.74, a PE ratio of 24.43, a P/E/G ratio of 4.54 and a beta of 1.20. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50. Graphic Packaging Holding Company has a 52-week low of $12.00 and a 52-week high of $15.85.
Graphic Packaging Holding (NYSE:GPK) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Graphic Packaging Holding had a net margin of 3.70% and a return on equity of 17.27%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. sell-side analysts expect that Graphic Packaging Holding Company will post 0.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, December 14th. Graphic Packaging Holding’s payout ratio is currently 57.69%.
A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Graphic Packaging Holding in a research note on Sunday, October 29th. BMO Capital Markets raised their target price on shares of Graphic Packaging Holding from $15.50 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Robert W. Baird lifted their price objective on shares of Graphic Packaging Holding from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Stephens assumed coverage on shares of Graphic Packaging Holding in a research report on Tuesday, October 24th. They set an “overweight” rating and a $17.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $16.26.
In other news, VP Deborah R. Frank sold 38,266 shares of Graphic Packaging Holding stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $15.51, for a total transaction of $593,505.66. Following the sale, the vice president now owns 77,139 shares in the company, valued at $1,196,425.89. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.02% of the company’s stock.
Graphic Packaging Holding 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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