Edgestream Partners L.P. Purchases 28,122 Shares of Graphic Packaging Holding (NYSE:GPK)

Edgestream Partners L.P. increased its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 51.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,214 shares of the industrial products company's stock after buying an additional 28,122 shares during the period. Edgestream Partners L.P.'s holdings in Graphic Packaging were worth $2,462,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Cetera Investment Advisers grew its position in shares of Graphic Packaging by 99.6% in the first quarter. Cetera Investment Advisers now owns 104,490 shares of the industrial products company's stock valued at $3,049,000 after purchasing an additional 52,139 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Graphic Packaging by 268.7% during the 2nd quarter. Hsbc Holdings PLC now owns 51,261 shares of the industrial products company's stock valued at $1,350,000 after buying an additional 37,358 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Graphic Packaging during the second quarter valued at about $928,000. Raymond James & Associates lifted its holdings in shares of Graphic Packaging by 23.9% in the third quarter. Raymond James & Associates now owns 707,969 shares of the industrial products company's stock worth $20,949,000 after buying an additional 136,342 shares in the last quarter. Finally, BDF Gestion bought a new position in shares of Graphic Packaging in the second quarter valued at approximately $1,823,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging stock in a transaction that occurred 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 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 24.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Charles D. Lischer sold 12,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the transaction, the chief accounting officer now owns 49,849 shares of the company's stock, valued at approximately $1,478,022.85. This represents a 19.40 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Graphic Packaging Price Performance

GPK traded down $0.23 during midday trading on Tuesday, hitting $30.05. The stock had a trading volume of 1,783,412 shares, compared to its average volume of 2,538,778. The company has a market cap of $9.02 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 11.77 and a beta of 0.83. Graphic Packaging Holding has a 1 year low of $22.66 and a 1 year high of $30.70. The business has a fifty day moving average of $29.17 and a 200 day moving average of $28.46. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.04). The business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. Graphic Packaging's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. As a group, equities analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging's dividend payout ratio is presently 17.09%.

Analyst Upgrades and Downgrades

GPK has been the topic of several recent analyst reports. Truist Financial cut shares of Graphic Packaging from a "buy" rating to a "hold" rating and lowered their target price for the stock from $32.00 to $30.00 in a research note on Wednesday, October 30th. StockNews.com downgraded Graphic Packaging from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada lowered their price target on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $31.53.

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.