Nisa Investment Advisors LLC Decreases Stock Position in Graphic Packaging Holding (NYSE:GPK)

Nisa Investment Advisors LLC reduced its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 91.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,055 shares of the industrial products company's stock after selling 107,621 shares during the period. Nisa Investment Advisors LLC's holdings in Graphic Packaging were worth $300,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. raised its position in shares of Graphic Packaging by 546.6% during the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company's stock worth $28,000 after buying an additional 798 shares in the last quarter. LRI Investments LLC bought a new position in shares of Graphic Packaging during the 1st quarter worth $38,000. GAMMA Investing LLC grew its stake in shares of Graphic Packaging by 46.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company's stock worth $72,000 after acquiring an additional 868 shares during the period. Atlas Capital Advisors LLC bought a new stake in shares of Graphic Packaging during the second quarter valued at approximately $88,000. Finally, LGT Group Foundation bought a new stake in shares of Graphic Packaging during the first quarter valued at approximately $134,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Stock Performance

NYSE:GPK traded up $0.01 during trading on Thursday, reaching $29.05. The company's stock had a trading volume of 2,475,517 shares, compared to its average volume of 2,585,175. The firm has a 50 day moving average of $29.28 and a 200-day moving average of $28.22. 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 Holding has a 12 month low of $21.25 and a 12 month high of $30.70. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 10.81 and a beta of 0.83.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The company's revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share. Research analysts expect that Graphic Packaging Holding will post 2.52 EPS for the current fiscal year.

Insider Activity at Graphic Packaging

In other news, CEO Michael P. Doss sold 49,183 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the sale, the chief executive officer now owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the business's 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 completion of the sale, the executive vice president now directly owns 81,026 shares of the company's stock, valued at $2,348,943.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Royal Bank of Canada cut their price target 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. Robert W. Baird lifted their target price on Graphic Packaging from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Truist Financial cut Graphic Packaging from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. StockNews.com cut Graphic Packaging from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on Graphic Packaging from $21.00 to $24.00 and gave the company an "underweight" rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.