Nisa Investment Advisors LLC Sells 107,621 Shares of Graphic Packaging Holding (NYSE:GPK)

Nisa Investment Advisors LLC trimmed its position in Graphic Packaging Holding (NYSE:GPK) by 91.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,055 shares of the industrial products company’s stock after selling 107,621 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Graphic Packaging were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GPK. UMB Bank n.a. lifted its holdings in Graphic Packaging by 546.6% during the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 798 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Graphic Packaging during the 1st quarter worth about $38,000. GAMMA Investing LLC grew its stake in Graphic Packaging by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock valued at $72,000 after buying an additional 868 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in Graphic Packaging in the 2nd quarter valued at about $88,000. Finally, LGT Group Foundation acquired a new stake in Graphic Packaging during the first quarter worth approximately $134,000. 99.67% of the stock is owned by institutional investors.

Graphic Packaging Stock Performance

GPK opened at $29.04 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. Graphic Packaging Holding has a 52-week low of $21.25 and a 52-week high of $30.70. The firm has a market cap of $8.72 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 10.81 and a beta of 0.83. The business’s fifty day moving average is $29.29 and its 200-day moving average is $28.22.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 earnings per share. Sell-side analysts expect that Graphic Packaging Holding will post 2.52 EPS for the current fiscal year.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the sale, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial downgraded Graphic Packaging from a “buy” rating to a “hold” rating and decreased their target price for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. Royal Bank of Canada lowered their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company lifted their target price on Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird lifted their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Graphic Packaging currently has an average rating of “Hold” and a consensus target price of $31.53.

Graphic Packaging 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.