Graphic Packaging Holding (NYSE:GPK) Stock Holdings Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in Graphic Packaging Holding (NYSE:GPK) by 14.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,331 shares of the industrial products company’s stock after buying an additional 4,466 shares during the period. QRG Capital Management Inc.’s holdings in Graphic Packaging were worth $1,045,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Graphic Packaging

In other news, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the sale, the executive vice president now directly owns 81,026 shares of the company’s stock, valued at $2,348,943.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

GPK has been the topic of several research reports. Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and dropped their price target for the company from $32.00 to $30.00 in a report on Wednesday, October 30th. Wells Fargo & Company upped their target price on Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada cut their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, Robert W. Baird raised their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.53.

Graphic Packaging Price Performance

Shares of GPK opened at $29.49 on Friday. The business’s 50-day moving average is $29.28 and its 200-day moving average is $28.24. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 10.81 and a beta of 0.83. Graphic Packaging Holding has a fifty-two week low of $21.25 and a fifty-two week high of $30.70.

Graphic Packaging (NYSE:GPK) last released its earnings results 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). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. Equities research analysts expect that Graphic Packaging Holding will post 2.52 EPS for the current fiscal year.

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.