Graphic Packaging Holding (NYSE:GPK) Position Raised by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 74.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500,312 shares of the industrial products company's stock after acquiring an additional 213,686 shares during the period. Graphic Packaging comprises about 0.6% of Harbor Capital Advisors Inc.'s holdings, making the stock its 18th biggest position. Harbor Capital Advisors Inc. owned about 0.16% of Graphic Packaging worth $14,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GPK. American Century Companies Inc. lifted its holdings in shares of Graphic Packaging by 41.9% in the second quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company's stock valued at $317,549,000 after purchasing an additional 3,576,877 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Graphic Packaging by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company's stock worth $437,945,000 after acquiring an additional 2,927,344 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Graphic Packaging by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company's stock valued at $251,632,000 after acquiring an additional 706,486 shares in the last quarter. Sei Investments Co. increased its position in Graphic Packaging by 33.2% during the 2nd quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company's stock worth $45,078,000 after purchasing an additional 428,278 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Graphic Packaging by 171.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company's stock valued at $17,631,000 after purchasing an additional 381,112 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Insider Transactions at Graphic Packaging

In other news, CEO Michael P. Doss sold 49,183 shares of the business's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $27.91, for a total value of $1,372,697.53. Following the completion of the sale, the chief executive officer now owns 1,909,576 shares of the company's stock, valued at approximately $53,296,266.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael P. Doss sold 86,374 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total value of $2,422,790.70. Following the sale, the chief executive officer now owns 2,123,202 shares of the company's stock, valued at approximately $59,555,816.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael P. Doss sold 49,183 shares of the firm's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $27.91, for a total value of $1,372,697.53. Following the completion of the sale, the chief executive officer now owns 1,909,576 shares in the company, valued at $53,296,266.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Analyst Ratings Changes

GPK has been the topic of several recent analyst reports. Citigroup reduced their price objective on shares of Graphic Packaging from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, July 8th. Wells Fargo & Company increased their target price on Graphic Packaging from $21.00 to $24.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 31st. Stifel Nicolaus assumed coverage on Graphic Packaging in a report on Tuesday, July 9th. They issued a "buy" rating and a $35.20 price target for the company. Royal Bank of Canada cut their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Finally, StockNews.com downgraded shares of Graphic Packaging from a "buy" rating to a "hold" rating in a report on Wednesday. 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 company. Based on data from MarketBeat.com, Graphic Packaging currently has an average rating of "Hold" and a consensus target price of $31.53.

Graphic Packaging Stock Up 0.1 %

Shares of GPK traded up $0.02 during mid-day trading on Friday, reaching $28.28. 3,189,065 shares of the stock traded hands, compared to its average volume of 3,153,806. Graphic Packaging Holding has a 12-month low of $21.25 and a 12-month high of $30.70. The company has a quick ratio of 0.58, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 10.99 and a beta of 0.83. The stock has a fifty day simple moving average of $29.37 and a 200 day simple moving average of $28.20.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the firm posted $0.74 EPS. The company's revenue was down 5.7% compared to the same quarter last year. Sell-side analysts expect that Graphic Packaging Holding will post 2.52 EPS for the current fiscal year.

About Graphic Packaging

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.