Barings LLC Boosts Stake in Graphic Packaging Holding Company (GPK)

Barings LLC raised its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 54.6% during the first quarter, Holdings Channel reports. The firm owned 149,629 shares of the industrial products company’s stock after buying an additional 52,829 shares during the period. Barings LLC’s holdings in Graphic Packaging Holding Company were worth $1,926,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its position in Graphic Packaging Holding Company by 1.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 8,039 shares of the industrial products company’s stock worth $103,000 after buying an additional 116 shares during the period. New York State Teachers Retirement System raised its position in Graphic Packaging Holding Company by 1.4% in the fourth quarter. New York State Teachers Retirement System now owns 28,200 shares of the industrial products company’s stock worth $352,000 after buying an additional 400 shares during the period. US Bancorp DE raised its position in Graphic Packaging Holding Company by 0.8% in the first quarter. US Bancorp DE now owns 106,827 shares of the industrial products company’s stock worth $1,374,000 after buying an additional 883 shares during the period. Envestnet Asset Management Inc. raised its position in Graphic Packaging Holding Company by 10.2% in the first quarter. Envestnet Asset Management Inc. now owns 11,826 shares of the industrial products company’s stock worth $152,000 after buying an additional 1,097 shares during the period. Finally, NS Partners Ltd raised its position in Graphic Packaging Holding Company by 0.4% in the first quarter. NS Partners Ltd now owns 281,689 shares of the industrial products company’s stock worth $3,625,000 after buying an additional 1,151 shares during the period. 95.42% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Holding Company (NYSE GPK) traded down 0.038% on Monday, reaching $13.245. 232,668 shares of the company’s stock traded hands. Graphic Packaging Holding Company has a 52 week low of $11.95 and a 52 week high of $14.70. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 20.346 and a beta of 1.19. The firm has a 50-day moving average price of $13.52 and a 200-day moving average price of $13.12.

Graphic Packaging Holding Company (NYSE:GPK) last released its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Graphic Packaging Holding Company had a return on equity of 19.53% and a net margin of 4.80%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. On average, analysts predict that Graphic Packaging Holding Company will post $0.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, June 13th. Graphic Packaging Holding Company’s dividend payout ratio is presently 46.15%.

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A number of research firms recently weighed in on GPK. BMO Capital Markets reissued a “buy” rating and issued a $15.50 target price on shares of Graphic Packaging Holding Company in a report on Friday. Zacks Investment Research lowered shares of Graphic Packaging Holding Company from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $14.00 price objective on shares of Graphic Packaging Holding Company in a research note on Wednesday, June 14th. Citigroup Inc. reaffirmed a “buy” rating on shares of Graphic Packaging Holding Company in a research note on Friday, April 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $15.00 price objective on shares of Graphic Packaging Holding Company in a research note on Tuesday, April 11th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.41.

In other news, Director G Andrea Botta sold 10,982 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $13.45, for a total transaction of $147,707.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.02% of the company’s stock.

About Graphic Packaging Holding Company

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

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Institutional Ownership by Quarter for Graphic Packaging Holding Company (NYSE:GPK)

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