Impax Asset Management Group plc Has $123.29 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Impax Asset Management Group plc decreased its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,199,844 shares of the industrial products company's stock after selling 417,360 shares during the quarter. Impax Asset Management Group plc owned approximately 1.37% of Graphic Packaging worth $123,291,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in shares of Graphic Packaging by 41.9% in the 2nd 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 boosted its position in 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 valued at $437,945,000 after buying an additional 2,927,344 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Graphic Packaging by 7.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company's stock worth $251,632,000 after buying an additional 706,486 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Graphic Packaging by 33.2% during the second quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company's stock worth $45,078,000 after buying an additional 428,278 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Graphic Packaging by 171.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company's stock valued at $17,631,000 after acquiring an additional 381,112 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Trading Up 1.3 %

Shares of NYSE GPK traded up $0.36 during mid-day trading on Tuesday, hitting $28.17. The company's stock had a trading volume of 2,007,752 shares, compared to its average volume of 2,588,944. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 10.99 and a beta of 0.83. The company's fifty day simple moving average is $29.33 and its 200-day simple moving average is $28.21. Graphic Packaging Holding has a one year low of $21.25 and a one year high of $30.70.

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

Insider Buying and Selling at Graphic Packaging

In related news, CEO Michael P. Doss sold 86,374 shares of Graphic Packaging stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the transaction, the chief executive officer now owns 2,123,202 shares of the company's stock, valued at $59,555,816.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael P. Doss sold 86,374 shares of the firm's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total transaction 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 filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on GPK. Royal Bank of Canada decreased their price target on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company raised their target price on Graphic Packaging from $21.00 to $24.00 and gave the company an "underweight" rating in a research note on Wednesday, July 31st. Stifel Nicolaus initiated 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. StockNews.com cut shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, Citigroup reduced their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $31.53.

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.