Janus Henderson Group PLC boosted its position in Graphic Packaging Holding (NYSE:GPK) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,489,224 shares of the industrial products company’s stock after buying an additional 19,167 shares during the period. Janus Henderson Group PLC owned approximately 1.29% of Graphic Packaging worth $59,107,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Neo Ivy Capital Management raised its position in Graphic Packaging by 3,763.8% during the 3rd quarter. Neo Ivy Capital Management now owns 5,873 shares of the industrial products company’s stock worth $82,000 after buying an additional 5,721 shares during the last quarter. IBM Retirement Fund acquired a new stake in shares of Graphic Packaging in the fourth quarter worth $170,000. Verity Asset Management Inc. purchased a new position in shares of Graphic Packaging during the fourth quarter worth $186,000. Chase Investment Counsel Corp acquired a new position in Graphic Packaging during the fourth quarter valued at $200,000. Finally, Oberweis Asset Management Inc. purchased a new stake in Graphic Packaging in the third quarter valued at $172,000. Institutional investors own 94.20% of the company’s stock.
Shares of GPK stock opened at $18.19 on Friday. Graphic Packaging Holding has a 1-year low of $11.16 and a 1-year high of $18.39. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 0.59 and a beta of 1.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.17 and a quick ratio of 0.50. The stock has a 50 day simple moving average of $16.87 and a 200-day simple moving average of $15.78.
Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Monday, February 1st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Graphic Packaging had a net margin of 2.12% and a return on equity of 15.24%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. Analysts anticipate that Graphic Packaging Holding will post 1.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 5th. Stockholders of record on Monday, March 15th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, March 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.65%. Graphic Packaging’s dividend payout ratio is currently 34.48%.
A number of equities analysts have weighed in on the company. UBS Group initiated coverage on Graphic Packaging in a research note on Tuesday, January 12th. They set a “neutral” rating and a $18.00 price objective for the company. Morgan Stanley boosted their price target on Graphic Packaging from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, January 12th. Deutsche Bank Aktiengesellschaft upped their price objective on Graphic Packaging from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, January 20th. Zacks Investment Research lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Friday, February 5th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Graphic Packaging in a report on Monday, January 11th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.50.
About Graphic Packaging
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 products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.
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