AE Wealth Management LLC purchased a new stake in Graphic Packaging Holding (NYSE:GPK) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 37,704 shares of the industrial products company’s stock, valued at approximately $460,000.
Several other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Graphic Packaging by 31.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,703 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 6,109 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Graphic Packaging by 34.8% in the first quarter. First Trust Advisors LP now owns 765,069 shares of the industrial products company’s stock valued at $9,334,000 after purchasing an additional 197,545 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Graphic Packaging by 76.0% in the first quarter. Russell Investments Group Ltd. now owns 198,395 shares of the industrial products company’s stock valued at $2,420,000 after purchasing an additional 85,673 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Graphic Packaging by 7.6% in the first quarter. Bank of New York Mellon Corp now owns 2,098,334 shares of the industrial products company’s stock valued at $25,598,000 after purchasing an additional 148,562 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Graphic Packaging by 27.6% in the first quarter. Rhumbline Advisers now owns 314,102 shares of the industrial products company’s stock valued at $3,832,000 after purchasing an additional 67,959 shares in the last quarter.
Several analysts recently issued reports on GPK shares. ValuEngine upgraded Graphic Packaging from a “sell” rating to a “hold” rating in a report on Friday, March 13th. Robert W. Baird lowered Graphic Packaging from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a report on Monday, February 24th. KeyCorp reiterated a “hold” rating on shares of Graphic Packaging in a report on Monday, April 13th. Zacks Investment Research upgraded Graphic Packaging from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Monday, May 4th. Finally, BMO Capital Markets dropped their price objective on Graphic Packaging from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $16.00.
In related news, Director Larry M. Venturelli purchased 8,100 shares of Graphic Packaging stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average price of $11.31 per share, with a total value of $91,611.00. Corporate insiders own 0.85% of the company’s stock.
Graphic Packaging stock opened at $13.49 on Friday. Graphic Packaging Holding has a 12 month low of $10.40 and a 12 month high of $16.95. The stock’s 50 day moving average is $12.86 and its 200-day moving average is $14.83. The company has a current ratio of 1.86, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 0.56 and a beta of 1.26.
Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.06. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. Graphic Packaging had a return on equity of 13.98% and a net margin of 2.18%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. As a group, equities research analysts predict that Graphic Packaging Holding will post 0.96 earnings per share for the current fiscal year.
Graphic Packaging Company Profile
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, 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), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.
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