UBS Asset Management Americas Inc. grew its position in shares of Graphic Packaging Holding (NYSE:GPK) by 15.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 339,694 shares of the industrial products company’s stock after purchasing an additional 45,581 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.11% of Graphic Packaging worth $5,248,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in GPK. Schroder Investment Management Group increased its position in shares of Graphic Packaging by 4,802.3% during the 3rd quarter. Schroder Investment Management Group now owns 3,641,767 shares of the industrial products company’s stock valued at $50,475,000 after purchasing an additional 3,567,480 shares during the last quarter. Monarch Partners Asset Management LLC bought a new position in shares of Graphic Packaging during the 4th quarter valued at about $17,666,000. Boston Partners increased its position in shares of Graphic Packaging by 4.7% during the 4th quarter. Boston Partners now owns 24,330,228 shares of the industrial products company’s stock valued at $375,902,000 after purchasing an additional 1,087,989 shares during the last quarter. Citadel Advisors LLC increased its position in shares of Graphic Packaging by 347.1% during the 3rd quarter. Citadel Advisors LLC now owns 928,592 shares of the industrial products company’s stock valued at $12,953,000 after purchasing an additional 720,901 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Graphic Packaging by 6.5% during the 3rd quarter. Janus Henderson Group PLC now owns 9,022,954 shares of the industrial products company’s stock valued at $125,871,000 after purchasing an additional 548,688 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Graphic Packaging from a “buy” rating to a “sell” rating in a research report on Tuesday, March 6th. Royal Bank of Canada reiterated a “buy” rating and set a $19.00 price objective on shares of Graphic Packaging in a research report on Thursday, February 1st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $18.00 price objective on shares of Graphic Packaging in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $17.21.
Graphic Packaging Holding (NYSE:GPK) opened at $15.63 on Monday. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a 1 year low of $12.53 and a 1 year high of $16.74. The stock has a market capitalization of $4,840.85, a P/E ratio of 16.11, a P/E/G ratio of 3.41 and a beta of 1.16.
Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). Graphic Packaging had a return on equity of 17.09% and a net margin of 6.82%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.14 earnings per share. Graphic Packaging’s revenue was up 5.0% compared to the same quarter last year. analysts predict that Graphic Packaging Holding will post 0.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.30 annualized dividend and a yield of 1.92%. Graphic Packaging’s payout ratio is 30.93%.
Graphic Packaging Company Profile
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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