Crestline Management LP reduced its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 389,871 shares of the industrial products company’s stock after selling 4,941 shares during the period. Graphic Packaging makes up 0.6% of Crestline Management LP’s investment portfolio, making the stock its 15th biggest position. Crestline Management LP owned about 0.13% of Graphic Packaging worth $4,148,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. First Personal Financial Services raised its position in Graphic Packaging by 101.9% in the 4th quarter. First Personal Financial Services now owns 2,954 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 1,491 shares during the period. Virginia Retirement Systems ET AL raised its position in Graphic Packaging by 2.8% in the 4th quarter. Virginia Retirement Systems ET AL now owns 55,500 shares of the industrial products company’s stock worth $591,000 after purchasing an additional 1,500 shares during the period. Parkside Financial Bank & Trust raised its position in Graphic Packaging by 35.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,398 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 1,663 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Graphic Packaging by 3.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,252 shares of the industrial products company’s stock worth $588,000 after purchasing an additional 1,708 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Graphic Packaging by 11.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 17,725 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 1,778 shares during the period.
In other news, Director Robert Hagemann acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were purchased at an average price of $12.25 per share, for a total transaction of $183,750.00. Following the completion of the transaction, the director now owns 65,329 shares of the company’s stock, valued at $800,280.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by insiders.
GPK stock opened at $12.48 on Friday. Graphic Packaging Holding has a 12-month low of $10.04 and a 12-month high of $16.61. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.13 and a beta of 1.35. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.64 and a current ratio of 1.50.
Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Graphic Packaging had a net margin of 3.67% and a return on equity of 11.67%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company earned $0.17 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, equities analysts predict that Graphic Packaging Holding will post 0.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Thursday, March 14th. Graphic Packaging’s payout ratio is 37.04%.
GPK has been the topic of a number of analyst reports. Seaport Global Securities initiated coverage on shares of Graphic Packaging in a research report on Tuesday, December 11th. They issued a “neutral” rating on the stock. UBS Group initiated coverage on shares of Graphic Packaging in a research report on Friday, January 4th. They issued a “neutral” rating and a $11.50 target price on the stock. Zacks Investment Research upgraded shares of Graphic Packaging from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Finally, ValuEngine cut shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Monday, February 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.88.
Graphic Packaging Profile
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, 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), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.
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