Handelsbanken Fonder AB Has $49.83 Million Holdings in Graphic Packaging Holding Company $GPK

Handelsbanken Fonder AB reduced its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 23.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,365,152 shares of the industrial products company’s stock after selling 730,000 shares during the quarter. Handelsbanken Fonder AB owned 0.80% of Graphic Packaging worth $49,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its position in Graphic Packaging by 54.7% during the second quarter. GAMMA Investing LLC now owns 5,841 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 2,065 shares during the last quarter. Advocate Group LLC lifted its holdings in Graphic Packaging by 16.2% during the 2nd quarter. Advocate Group LLC now owns 290,184 shares of the industrial products company’s stock worth $6,114,000 after purchasing an additional 40,466 shares during the last quarter. Terra Alpha Investments LLC boosted its stake in Graphic Packaging by 74.7% in the 2nd quarter. Terra Alpha Investments LLC now owns 83,929 shares of the industrial products company’s stock valued at $1,768,000 after purchasing an additional 35,883 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Graphic Packaging by 21.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 434,871 shares of the industrial products company’s stock valued at $9,163,000 after purchasing an additional 77,162 shares during the period. Finally, Howard Capital Management Group LLC grew its holdings in Graphic Packaging by 2.8% in the 2nd quarter. Howard Capital Management Group LLC now owns 1,056,963 shares of the industrial products company’s stock valued at $22,270,000 after buying an additional 29,215 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GPK shares. UBS Group reduced their target price on shares of Graphic Packaging from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Truist Financial dropped their price objective on shares of Graphic Packaging from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Zacks Research lowered shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Royal Bank Of Canada cut shares of Graphic Packaging from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $25.00 to $21.00 in a report on Thursday, October 9th. Finally, Citigroup cut their price target on Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Graphic Packaging currently has a consensus rating of “Hold” and an average target price of $22.63.

Graphic Packaging Stock Performance

NYSE GPK opened at $15.57 on Friday. Graphic Packaging Holding Company has a 1 year low of $14.90 and a 1 year high of $30.49. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 8.79 and a beta of 0.72. The company has a current ratio of 1.43, a quick ratio of 0.56 and a debt-to-equity ratio of 1.68. The firm’s 50 day simple moving average is $17.66 and its 200 day simple moving average is $20.62.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. As a group, research analysts expect that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Joseph P. Yost sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $22.72, for a total value of $681,600.00. Following the sale, the executive vice president directly owned 255,203 shares of the company’s stock, valued at $5,798,212.16. This trade represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.41% of the stock is owned by company insiders.

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.