Graphic Packaging Holding (NYSE:GPK) Shares Bought by Mirova

Mirova increased its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,851 shares of the industrial products company's stock after acquiring an additional 44,585 shares during the quarter. Mirova owned approximately 0.05% of Graphic Packaging worth $4,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GPK. MetLife Investment Management LLC lifted its position in shares of Graphic Packaging by 9.1% in the 4th quarter. MetLife Investment Management LLC now owns 169,136 shares of the industrial products company's stock worth $4,594,000 after purchasing an additional 14,078 shares during the period. Covalis Capital LLP purchased a new stake in Graphic Packaging during the fourth quarter worth $736,000. Dimensional Fund Advisors LP boosted its position in Graphic Packaging by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,872,765 shares of the industrial products company's stock valued at $186,666,000 after acquiring an additional 414,109 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in shares of Graphic Packaging in the 4th quarter valued at $318,000. Finally, Freedom Investment Management Inc. raised its position in shares of Graphic Packaging by 3.7% in the 4th quarter. Freedom Investment Management Inc. now owns 18,064 shares of the industrial products company's stock worth $491,000 after acquiring an additional 643 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GPK has been the topic of several analyst reports. Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Robert W. Baird dropped their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Raymond James cut their price target on shares of Graphic Packaging from $32.00 to $30.00 and set an "outperform" rating on the stock in a research note on Tuesday. Truist Financial lowered their price objective on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Tuesday. Finally, Citigroup restated a "neutral" rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.89.

Graphic Packaging Stock Performance

GPK traded up $0.16 during midday trading on Thursday, hitting $25.33. 2,081,456 shares of the company were exchanged, compared to its average volume of 2,430,718. The company's 50 day simple moving average is $25.83 and its 200 day simple moving average is $27.44. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 2.10 and a beta of 0.80. Graphic Packaging Holding has a 1-year low of $23.03 and a 1-year high of $30.70. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.04). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. The firm's revenue was down 6.8% compared to the same quarter last year. As a group, sell-side analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, April 5th. Investors of record on Saturday, March 15th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, March 14th. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio (DPR) is currently 20.37%.

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.