Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Graphic Packaging Holding Company (NYSE:GPK – Free Report) by 12.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,911 shares of the industrial products company’s stock after buying an additional 29,521 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Graphic Packaging worth $5,540,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPK. American Century Companies Inc. increased its holdings in shares of Graphic Packaging by 11.7% in the first quarter. American Century Companies Inc. now owns 18,488,501 shares of the industrial products company’s stock worth $479,962,000 after acquiring an additional 1,932,841 shares in the last quarter. Epoch Investment Partners Inc. increased its stake in Graphic Packaging by 11,000.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,299,806 shares of the industrial products company’s stock worth $33,743,000 after purchasing an additional 1,288,096 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Graphic Packaging by 7.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 17,636,296 shares of the industrial products company’s stock worth $385,353,000 after buying an additional 1,264,922 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Graphic Packaging by 11.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,570,040 shares of the industrial products company’s stock valued at $243,781,000 after buying an additional 1,218,848 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Graphic Packaging by 14.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,890,782 shares of the industrial products company’s stock valued at $204,844,000 after buying an additional 1,018,017 shares during the period. 99.67% of the stock is currently owned by institutional investors.
Graphic Packaging Stock Performance
GPK opened at $15.57 on Friday. The business’s 50-day simple moving average is $17.66 and its 200 day simple moving average is $20.62. Graphic Packaging Holding Company has a 52-week low of $14.90 and a 52-week high of $30.49. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.56 and a current ratio of 1.43. The firm has a market capitalization of $4.59 billion, a PE ratio of 8.79 and a beta of 0.72.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on GPK shares. Zacks Research lowered shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Bank of America reissued a “neutral” rating and issued a $24.00 price target on shares of Graphic Packaging in a research note on Thursday, October 9th. Truist Financial reduced their price objective on Graphic Packaging from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Wells Fargo & Company dropped their target price on Graphic Packaging from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Finally, Citigroup reduced their price target on Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.63.
Read Our Latest Report on Graphic Packaging
Insider Buying and Selling
In other Graphic Packaging news, EVP Joseph P. Yost sold 30,000 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $22.72, for a total value of $681,600.00. Following the completion of the sale, the executive vice president owned 255,203 shares in the company, valued at $5,798,212.16. This trade represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.41% of the stock is currently owned by corporate 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.
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