Boston Partners grew its position in Graphic Packaging Holding (NYSE:GPK) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,173,868 shares of the industrial products company’s stock after acquiring an additional 1,739,382 shares during the period. Boston Partners owned about 8.43% of Graphic Packaging worth $379,783,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Graphic Packaging in the second quarter valued at about $487,000. American Century Companies Inc. boosted its holdings in shares of Graphic Packaging by 1.0% in the first quarter. American Century Companies Inc. now owns 15,253,501 shares of the industrial products company’s stock valued at $234,141,000 after acquiring an additional 151,999 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Graphic Packaging by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 7,573,776 shares of the industrial products company’s stock valued at $116,258,000 after acquiring an additional 401,881 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Graphic Packaging by 14.1% in the second quarter. Xact Kapitalforvaltning AB now owns 42,152 shares of the industrial products company’s stock valued at $612,000 after acquiring an additional 5,200 shares in the last quarter. Finally, First Pacific Advisors LLC boosted its holdings in shares of Graphic Packaging by 73.1% in the first quarter. First Pacific Advisors LLC now owns 802,407 shares of the industrial products company’s stock valued at $12,317,000 after acquiring an additional 338,812 shares in the last quarter. 96.17% of the stock is currently owned by institutional investors and hedge funds.
GPK stock opened at $14.34 on Friday. The stock has a market cap of $4.51 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.14 and a beta of 1.11. Graphic Packaging Holding has a 52 week low of $12.65 and a 52 week high of $16.74. The company has a current ratio of 1.77, a quick ratio of 0.81 and a debt-to-equity ratio of 1.35.
Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, July 24th. The industrial products company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Graphic Packaging had a return on equity of 13.05% and a net margin of 5.74%. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. equities analysts predict that Graphic Packaging Holding will post 0.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Saturday, September 15th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, September 13th. Graphic Packaging’s payout ratio is currently 47.62%.
Several brokerages have recently weighed in on GPK. Zacks Investment Research raised shares of Graphic Packaging from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. ValuEngine downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, April 19th. KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a report on Tuesday, April 24th. BMO Capital Markets reissued a “buy” rating and set a $18.00 price objective (up previously from $17.00) on shares of Graphic Packaging in a report on Tuesday, April 24th. Finally, TheStreet downgraded shares of Graphic Packaging from a “b” rating to a “c+” rating in a report on Monday, May 7th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Graphic Packaging presently has an average rating of “Buy” and a consensus price target of $17.78.
In other Graphic Packaging news, SVP Alan R. Nichols sold 101,303 shares of Graphic Packaging stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $15.08, for a total transaction of $1,527,649.24. Following the completion of the transaction, the senior vice president now owns 43,335 shares in the company, valued at $653,491.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.
Graphic Packaging Company Profile
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.
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