Dimensional Fund Advisors LP Has $13.69 Million Stake in Ranpak Holdings Corp. (NYSE:PACK)

Dimensional Fund Advisors LP grew its stake in shares of Ranpak Holdings Corp. (NYSE:PACK) by 34.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,129,802 shares of the company’s stock after purchasing an additional 542,464 shares during the period. Dimensional Fund Advisors LP owned about 2.57% of Ranpak worth $13,694,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PACK. G2 Investment Partners Management LLC boosted its holdings in Ranpak by 102.5% during the fourth quarter. G2 Investment Partners Management LLC now owns 1,863,540 shares of the company’s stock worth $10,846,000 after purchasing an additional 943,210 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Ranpak by 177.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 127,512 shares of the company’s stock worth $820,000 after buying an additional 81,552 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Ranpak by 4.8% in the first quarter. Russell Investments Group Ltd. now owns 321,430 shares of the company’s stock valued at $2,530,000 after acquiring an additional 14,833 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ranpak by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,333,187 shares of the company’s stock valued at $18,362,000 after acquiring an additional 25,073 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Ranpak during the second quarter worth $31,000. Institutional investors own 85.94% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PACK. Craig Hallum restated a “buy” rating and issued a $10.00 price objective on shares of Ranpak in a research note on Thursday, June 20th. Baird R W lowered shares of Ranpak from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, Robert W. Baird lowered shares of Ranpak from an “outperform” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research report on Wednesday, August 14th.

Ranpak Stock Performance

NYSE:PACK opened at $6.07 on Friday. Ranpak Holdings Corp. has a 1 year low of $2.63 and a 1 year high of $9.04. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.52 and a quick ratio of 2.07. The business has a fifty day simple moving average of $6.83 and a two-hundred day simple moving average of $6.84. The company has a market capitalization of $503.77 million, a P/E ratio of -21.68 and a beta of 2.36.

Ranpak (NYSE:PACK) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.13. The business had revenue of $86.40 million for the quarter, compared to analysts’ expectations of $87.67 million. Ranpak had a negative return on equity of 2.67% and a negative net margin of 4.41%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) EPS.

About Ranpak

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.