Atria Investments Inc Sells 27,835 Shares of Graphic Packaging Holding (NYSE:GPK)

Atria Investments Inc decreased its position in Graphic Packaging Holding (NYSE:GPK - Free Report) by 15.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 153,270 shares of the industrial products company's stock after selling 27,835 shares during the period. Atria Investments Inc owned approximately 0.05% of Graphic Packaging worth $4,535,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GPK. UMB Bank n.a. grew its stake in Graphic Packaging by 546.6% in the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company's stock valued at $28,000 after buying an additional 798 shares during the last quarter. LRI Investments LLC bought a new position in shares of Graphic Packaging during the first quarter valued at $38,000. GAMMA Investing LLC raised its stake in shares of Graphic Packaging by 46.3% during the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 868 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Graphic Packaging during 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. 99.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the sale, the executive vice president now directly owns 81,026 shares in the company, valued at approximately $2,348,943.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Truist Financial cut shares of Graphic Packaging from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $32.00 to $30.00 in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their price target on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an "underweight" rating in a research note on Wednesday, July 31st. Royal Bank of Canada decreased their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Finally, Robert W. Baird boosted their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Graphic Packaging currently has an average rating of "Hold" and a consensus target price of $31.53.

Graphic Packaging Trading Down 1.6 %

Shares of NYSE:GPK traded down $0.47 on Wednesday, hitting $28.63. The company had a trading volume of 1,136,707 shares, compared to its average volume of 2,562,940. The firm's 50-day simple moving average is $29.26 and its two-hundred day simple moving average is $28.28. Graphic Packaging Holding has a 1 year low of $21.54 and a 1 year high of $30.70. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 11.31 and a beta of 0.83.

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

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.