Barings LLC Makes New $1.38 Million Investment in Graphic Packaging Holding (NYSE:GPK)

Barings LLC purchased a new position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,909 shares of the industrial products company's stock, valued at approximately $1,383,000.

A number of other large investors have also added to or reduced their stakes in GPK. FMR LLC raised its position in Graphic Packaging by 12.6% during the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company's stock worth $605,416,000 after purchasing an additional 2,294,688 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Graphic Packaging during the fourth quarter worth about $51,642,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Graphic Packaging by 11.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock worth $441,990,000 after acquiring an additional 1,702,764 shares during the period. Boston Trust Walden Corp bought a new stake in Graphic Packaging in the fourth quarter valued at approximately $34,131,000. Finally, Raymond James Financial Inc. bought a new position in Graphic Packaging during the 4th quarter worth approximately $25,669,000. Institutional investors own 99.67% of the company's stock.

Graphic Packaging Stock Down 0.7 %

Graphic Packaging stock traded down $0.19 during mid-day trading on Monday, reaching $27.55. The stock had a trading volume of 3,992,102 shares, compared to its average volume of 2,326,707. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. Graphic Packaging Holding has a fifty-two week low of $25.13 and a fifty-two week high of $30.70. The stock's 50-day simple moving average is $27.01 and its 200-day simple moving average is $28.39. The firm has a market capitalization of $8.27 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

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Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the firm posted $0.75 EPS. The business's revenue for the quarter was down 6.8% compared to the same quarter last year. On average, sell-side analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be given a $0.11 dividend. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.60%. Graphic Packaging's dividend payout ratio (DPR) is presently 20.37%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. 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. Citigroup reaffirmed a "neutral" rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Finally, Truist Financial boosted their price target on Graphic Packaging from $30.00 to $32.00 and gave the company a "hold" rating in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $31.70.

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.