Regents Gate Capital LLP Invests $6.29 Million in Graphic Packaging Holding (NYSE:GPK)

Regents Gate Capital LLP acquired a new stake in Graphic Packaging Holding (NYSE:GPK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 231,439 shares of the industrial products company's stock, valued at approximately $6,286,000. Graphic Packaging makes up approximately 2.5% of Regents Gate Capital LLP's investment portfolio, making the stock its 17th largest holding. Regents Gate Capital LLP owned approximately 0.08% of Graphic Packaging as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its holdings 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 valued at $28,000 after buying an additional 798 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Graphic Packaging during the 3rd quarter valued at about $30,000. Crews Bank & Trust purchased a new stake in Graphic Packaging during the 4th quarter worth approximately $32,000. Avior Wealth Management LLC increased its holdings in Graphic Packaging by 2,484.0% during the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock worth $35,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Graphic Packaging during the 3rd quarter worth approximately $73,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Stock Performance

NYSE:GPK traded up $0.18 during midday trading on Thursday, reaching $26.61. 1,635,547 shares of the company traded hands, compared to its average volume of 2,483,650. Graphic Packaging Holding has a twelve month low of $23.47 and a twelve month high of $30.70. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 2.07 and a beta of 0.84. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.72. The company has a fifty day moving average price of $27.58 and a 200 day moving average price of $28.59.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $2.15 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The company's revenue for the quarter was down 6.8% compared to the same quarter last year. On average, analysts expect that Graphic Packaging Holding will post 2.51 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.65%. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's payout ratio is currently 18.52%.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, CAO Charles D. Lischer sold 12,000 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the transaction, the chief accounting officer now owns 49,849 shares in the company, valued at approximately $1,478,022.85. The trade was a 19.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on GPK shares. Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Truist Financial lifted their price objective on Graphic Packaging from $30.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, January 6th. Robert W. Baird lowered their price target on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada lowered their price target on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a report on Thursday, October 17th. Finally, StockNews.com downgraded Graphic Packaging from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $31.70.

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.