Public Employees Retirement System of Ohio Buys New Stake in Graphic Packaging Holding Company $GPK

Public Employees Retirement System of Ohio purchased a new stake in Graphic Packaging Holding Company (NYSE:GPK) during the second quarter, according to its most recent filing with the SEC. The fund purchased 83,239 shares of the industrial products company’s stock, valued at approximately $880,000.

Several other hedge funds have also bought and sold shares of GPK. BlackRock Inc. purchased a new position in shares of Graphic Packaging during the second quarter valued at about $440,345,000. Eminence Capital LP grew its holdings in Graphic Packaging by 67.5% during the 4th quarter. Eminence Capital LP now owns 12,811,941 shares of the industrial products company’s stock valued at $192,948,000 after buying an additional 5,163,806 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Graphic Packaging by 18.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,728,031 shares of the industrial products company’s stock worth $176,626,000 after acquiring an additional 1,824,110 shares during the last quarter. State Street Corp raised its holdings in shares of Graphic Packaging by 0.8% during the 4th quarter. State Street Corp now owns 9,877,303 shares of the industrial products company’s stock worth $149,808,000 after acquiring an additional 81,300 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Graphic Packaging by 503.6% during the 4th quarter. AQR Capital Management LLC now owns 8,693,765 shares of the industrial products company’s stock valued at $130,928,000 after acquiring an additional 7,253,473 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

Shares of NYSE:GPK opened at $9.51 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.60 and a debt-to-equity ratio of 1.58. Graphic Packaging Holding Company has a 12 month low of $8.78 and a 12 month high of $21.24. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 14.40 and a beta of 0.65. The firm’s 50-day moving average is $11.07 and its 200 day moving average is $10.57.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%.The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. Research analysts predict that Graphic Packaging Holding Company will post 0.72 EPS for the current year.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 4.6%. Graphic Packaging’s dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

GPK has been the topic of a number of recent research reports. UBS Group upped their price target on shares of Graphic Packaging from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Wells Fargo & Company upped their target price on shares of Graphic Packaging from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Bank of America started coverage on shares of Graphic Packaging in a report on Tuesday, July 14th. They issued a “neutral” rating and a $12.00 price target for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a research note on Wednesday, June 24th. Finally, Zacks Research raised Graphic Packaging from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Nine analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Graphic Packaging has an average rating of “Reduce” and a consensus price target of $11.14.

About Graphic Packaging

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.