Janus Henderson Group PLC Grows Holdings in Graphic Packaging Holding (NYSE:GPK)

Janus Henderson Group PLC grew its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 4.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,697,512 shares of the industrial products company's stock after purchasing an additional 76,313 shares during the quarter. Janus Henderson Group PLC owned approximately 0.57% of Graphic Packaging worth $50,228,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GPK. UMB Bank n.a. grew its position 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 worth $28,000 after purchasing an additional 798 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Graphic Packaging in the third quarter valued at approximately $30,000. GAMMA Investing LLC increased its position 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 purchased a new stake in shares of Graphic Packaging during the second quarter valued at approximately $88,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Graphic Packaging by 13.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,816 shares of the industrial products company's stock worth $152,000 after acquiring an additional 699 shares during the period. Hedge funds and other institutional investors own 99.67% of the company's stock.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 $2,348,943.74. This represents a 24.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Charles D. Lischer sold 12,000 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the transaction, the chief accounting officer now owns 49,849 shares of the company's stock, valued at $1,478,022.85. This trade represents a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GPK. Royal Bank of Canada reduced their price objective on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Truist Financial lowered shares of Graphic Packaging from a "buy" rating to a "hold" rating and reduced their price target for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. One 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 MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $31.53.

Graphic Packaging Stock Performance

Graphic Packaging stock traded up $0.32 during midday trading on Friday, reaching $29.53. The stock had a trading volume of 2,392,085 shares, compared to its average volume of 2,535,952. 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 $8.86 billion, a PE ratio of 12.48, a P/E/G ratio of 11.68 and a beta of 0.83. Graphic Packaging Holding has a 12 month low of $22.76 and a 12 month high of $30.70. The firm's 50-day moving average price is $29.18 and its 200 day moving average price is $28.48.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings results 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). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The business's quarterly revenue was down 5.7% compared to the same quarter last year. As a group, research analysts predict that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, December 13th. Graphic Packaging's dividend payout ratio (DPR) is presently 17.09%.

Graphic Packaging 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.