Quantbot Technologies LP Invests $491,000 in Graphic Packaging Holding (NYSE:GPK)

Quantbot Technologies LP bought a new stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,092 shares of the industrial products company's stock, valued at approximately $491,000.

Several other large investors have also bought and sold shares of GPK. Howard Capital Management Group LLC grew its position in Graphic Packaging by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company's stock valued at $29,826,000 after purchasing an additional 2,969 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of Graphic Packaging in the 3rd quarter worth approximately $343,000. Cerity Partners LLC boosted its stake in shares of Graphic Packaging by 18.2% during the 3rd quarter. Cerity Partners LLC now owns 21,935 shares of the industrial products company's stock worth $649,000 after acquiring an additional 3,376 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Graphic Packaging in the third quarter worth about $886,000. Finally, Truvestments Capital LLC bought a new position in shares of Graphic Packaging during the 3rd quarter valued at approximately $30,000. 99.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GPK has been the topic of a number of research analyst reports. Wells Fargo & Company raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Citigroup reissued a "neutral" rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Truist Financial reduced their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Finally, Robert W. Baird cut their target price on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $31.37.

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Graphic Packaging Stock Performance

Shares of NYSE GPK traded up $0.27 during midday trading on Tuesday, reaching $26.23. The company had a trading volume of 2,167,726 shares, compared to its average volume of 2,392,810. The business's 50-day simple moving average is $26.67 and its 200 day simple moving average is $27.99. Graphic Packaging Holding has a 1 year low of $24.50 and a 1 year high of $30.70. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The stock has a market cap of $7.87 billion, a P/E ratio of 12.14, a P/E/G ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.04). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the company posted $0.75 earnings per share. Graphic Packaging's revenue for the quarter was down 6.8% compared to the same quarter last year. On average, analysts forecast that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be given a dividend of $0.11 per share. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.68%. Graphic Packaging's dividend payout ratio (DPR) is presently 20.37%.

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.