GSA Capital Partners LLP Makes New $271,000 Investment in Graphic Packaging Holding (NYSE:GPK)

GSA Capital Partners LLP bought a new stake in Graphic Packaging Holding (NYSE:GPK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,142 shares of the industrial products company’s stock, valued at approximately $271,000.

Other large investors also recently made changes to their positions in the company. CreativeOne Wealth LLC bought a new position in Graphic Packaging during the first quarter valued at about $211,000. LRI Investments LLC bought a new stake in shares of Graphic Packaging in the 1st quarter worth approximately $38,000. PEAK6 Investments LLC lifted its stake in Graphic Packaging by 119.5% in the first quarter. PEAK6 Investments LLC now owns 7,295 shares of the industrial products company’s stock valued at $213,000 after purchasing an additional 44,781 shares during the last quarter. Mount Yale Investment Advisors LLC grew its holdings in Graphic Packaging by 40.7% during the first quarter. Mount Yale Investment Advisors LLC now owns 11,628 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 3,361 shares during the period. Finally, Tidal Investments LLC lifted its position in shares of Graphic Packaging by 21.5% during the 1st quarter. Tidal Investments LLC now owns 35,962 shares of the industrial products company’s stock valued at $1,049,000 after buying an additional 6,356 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Graphic Packaging Stock Up 1.6 %

GPK opened at $29.28 on Friday. The firm has a market capitalization of $8.79 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 11.20 and a beta of 0.83. Graphic Packaging Holding has a one year low of $22.12 and a one year high of $30.70. The company has a fifty day moving average price of $29.15 and a 200-day moving average price of $28.36. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (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 company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. Equities research analysts expect that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, December 13th. Graphic Packaging’s dividend payout ratio is currently 17.09%.

Insider Buying and Selling at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the transaction, the executive vice president now owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 24.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

GPK has been the topic of a number of research reports. Robert W. Baird boosted their price objective on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and lowered their price target for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Finally, 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 report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.