Aptus Capital Advisors LLC Increases Stock Position in Graphic Packaging Holding (NYSE:GPK)

Aptus Capital Advisors LLC increased its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 26.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,693 shares of the industrial products company's stock after purchasing an additional 35,380 shares during the period. Aptus Capital Advisors LLC owned about 0.06% of Graphic Packaging worth $5,021,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GPK. UMB Bank n.a. lifted its holdings in shares of Graphic Packaging by 546.6% during the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company's stock worth $28,000 after acquiring an additional 798 shares during the period. LRI Investments LLC bought a new position in shares of Graphic Packaging during the 1st quarter worth approximately $38,000. GAMMA Investing LLC boosted its stake in Graphic Packaging by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company's stock valued at $72,000 after buying an additional 868 shares in the last quarter. Atlas Capital Advisors LLC bought a new stake in Graphic Packaging in the second quarter valued at $88,000. Finally, LGT Group Foundation bought a new position in shares of Graphic Packaging during the first quarter valued at $134,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Insiders Place Their Bets

In other news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the transaction, the executive vice president now directly owns 81,026 shares in the company, valued at approximately $2,348,943.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada dropped their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. Robert W. Baird lifted their target price 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. StockNews.com downgraded shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Truist Financial lowered Graphic Packaging from a "buy" rating to a "hold" rating and reduced their target price for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Graphic Packaging currently has a consensus rating of "Hold" and a consensus target price of $31.53.

Graphic Packaging Stock Down 1.6 %

Shares of Graphic Packaging stock traded down $0.47 on Wednesday, reaching $28.63. 1,137,112 shares of the company were exchanged, compared to its average volume of 2,562,942. The company has a 50-day moving average of $29.26 and a 200 day moving average of $28.28. Graphic Packaging Holding has a one year low of $21.54 and a one year high of $30.70. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 11.31 and a beta of 0.83. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued 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). The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The business's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. On average, equities research analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

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.