Ranpak Holdings Corp. (NYSE:PACK) Stock Position Decreased by Boston Partners

Boston Partners trimmed its position in shares of Ranpak Holdings Corp. (NYSE:PACK - Free Report) by 44.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,379 shares of the company's stock after selling 64,678 shares during the period. Boston Partners owned 0.10% of Ranpak worth $553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PACK. PNC Financial Services Group Inc. boosted its position in shares of Ranpak by 13.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 40,510 shares of the company's stock worth $279,000 after buying an additional 4,953 shares during the period. M&T Bank Corp raised its stake in Ranpak by 16.7% during the 4th quarter. M&T Bank Corp now owns 227,029 shares of the company's stock valued at $1,562,000 after acquiring an additional 32,568 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ranpak by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 352,346 shares of the company's stock worth $2,424,000 after acquiring an additional 7,796 shares during the period. New York State Common Retirement Fund grew its stake in shares of Ranpak by 3.3% in the fourth quarter. New York State Common Retirement Fund now owns 415,847 shares of the company's stock worth $2,861,000 after purchasing an additional 13,092 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Ranpak by 18.5% during the fourth quarter. Empowered Funds LLC now owns 363,877 shares of the company's stock valued at $2,503,000 after purchasing an additional 56,908 shares during the period. Institutional investors own 85.94% of the company's stock.

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Ranpak Price Performance

NYSE:PACK traded down $0.08 during midday trading on Wednesday, hitting $5.54. 269,810 shares of the stock were exchanged, compared to its average volume of 414,958. The company has a market capitalization of $462.78 million, a price-to-earnings ratio of -23.06 and a beta of 2.59. The company has a current ratio of 2.36, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. Ranpak Holdings Corp. has a one year low of $5.33 and a one year high of $9.04. The business has a 50-day moving average price of $6.70 and a two-hundred day moving average price of $6.73.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald assumed coverage on shares of Ranpak in a report on Thursday, December 19th. They issued an "overweight" rating and a $11.50 price objective for the company.

Ranpak Company Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.