GSA Capital Partners LLP Invests $271,000 in Graphic Packaging Holding (NYSE:GPK)

GSA Capital Partners LLP purchased a new position in Graphic Packaging Holding (NYSE:GPK) in the third quarter, HoldingsChannel.com reports. The firm purchased 9,142 shares of the industrial products company’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XML Financial LLC grew its position in shares of Graphic Packaging by 23.3% during the third quarter. XML Financial LLC now owns 20,410 shares of the industrial products company’s stock valued at $604,000 after purchasing an additional 3,860 shares in the last quarter. Assetmark Inc. grew its position in shares of Graphic Packaging by 846.4% during the 3rd quarter. Assetmark Inc. now owns 84,383 shares of the industrial products company’s stock worth $2,497,000 after buying an additional 75,467 shares in the last quarter. Markel Group Inc. lifted its position in shares of Graphic Packaging by 17.9% in the 3rd quarter. Markel Group Inc. now owns 394,725 shares of the industrial products company’s stock worth $11,680,000 after purchasing an additional 60,000 shares during the period. Keynote Financial Services LLC purchased a new position in shares of Graphic Packaging in the 3rd quarter valued at $211,000. Finally, Advisor Resource Council purchased a new stake in shares of Graphic Packaging during the third quarter valued at about $328,000. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Up 1.6 %

GPK stock opened at $29.28 on Friday. 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’s 50 day simple moving average is $29.15 and its 200-day simple moving average is $28.36. The firm has a market capitalization of $8.79 billion, a PE ratio of 12.51, a P/E/G ratio of 11.20 and a beta of 0.83. Graphic Packaging Holding has a 12 month low of $22.12 and a 12 month high of $30.70.

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

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, December 13th. Graphic Packaging’s dividend payout ratio is presently 17.09%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the transaction, the executive vice president now owns 81,026 shares of the company’s stock, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is 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.