Federated Hermes Inc. Has $3.94 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Federated Hermes Inc. decreased its position in shares of Graphic Packaging Holding (NYSE:GPK) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,994 shares of the industrial products company’s stock after selling 40,855 shares during the quarter. Federated Hermes Inc.’s holdings in Graphic Packaging were worth $3,944,000 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 GPK. DAVENPORT & Co LLC lifted its position in shares of Graphic Packaging by 3.6% in the 3rd quarter. DAVENPORT & Co LLC now owns 14,391 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 500 shares during the period. Clear Harbor Asset Management LLC raised its stake in Graphic Packaging by 1.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 33,310 shares of the industrial products company’s stock worth $821,000 after buying an additional 506 shares during the last quarter. Smithfield Trust Co lifted its holdings in Graphic Packaging by 12.0% in the third quarter. Smithfield Trust Co now owns 5,134 shares of the industrial products company’s stock valued at $115,000 after buying an additional 552 shares during the period. Seelaus Asset Management LLC boosted its position in Graphic Packaging by 2.4% during the fourth quarter. Seelaus Asset Management LLC now owns 26,627 shares of the industrial products company’s stock valued at $656,000 after acquiring an additional 619 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Graphic Packaging by 39.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,372 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 673 shares during the period. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Price Performance

GPK stock opened at $27.53 on Friday. The company has a market capitalization of $8.46 billion, a P/E ratio of 11.71 and a beta of 0.84. Graphic Packaging Holding has a 52-week low of $20.07 and a 52-week high of $29.50. The business has a 50-day simple moving average of $27.37 and a two-hundred day simple moving average of $24.87. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.42 and a current ratio of 1.10.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, February 20th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Graphic Packaging had a return on equity of 35.66% and a net margin of 7.67%. Graphic Packaging’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Research analysts expect that Graphic Packaging Holding will post 2.7 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.10 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a yield of 1.45%. Graphic Packaging’s dividend payout ratio (DPR) is 17.02%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GPK shares. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Citigroup boosted their price target on Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Robert W. Baird increased their price target on Graphic Packaging from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Wells Fargo & Company reiterated an “underweight” rating and issued a $21.00 price objective on shares of Graphic Packaging in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.44.

Insiders Place Their Bets

In related news, EVP Joseph P. Yost sold 70,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $26.20, for a total transaction of $1,834,000.00. Following the completion of the sale, the executive vice president now directly owns 205,231 shares of the company’s stock, valued at $5,377,052.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

About Graphic Packaging

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.