QRG Capital Management Inc. Grows Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

QRG Capital Management Inc. lifted its position in Graphic Packaging Holding (NYSE:GPK) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,555 shares of the industrial products company’s stock after buying an additional 2,224 shares during the period. QRG Capital Management Inc.’s holdings in Graphic Packaging were worth $1,020,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GPK. FMR LLC boosted its stake in Graphic Packaging by 12.6% in the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock valued at $605,416,000 after acquiring an additional 2,294,688 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Graphic Packaging by 11.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company’s stock valued at $441,990,000 after purchasing an additional 1,702,764 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock worth $313,957,000 after purchasing an additional 787,266 shares in the last quarter. Premier Fund Managers Ltd grew its stake in Graphic Packaging by 9.6% during the 3rd quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company’s stock worth $101,545,000 after buying an additional 302,680 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in Graphic Packaging during the 4th quarter valued at about $51,642,000. Institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on GPK shares. Citigroup reissued a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Robert W. Baird decreased their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. Finally, Truist Financial raised their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $31.70.

Graphic Packaging Trading Down 2.1 %

Graphic Packaging stock opened at $26.13 on Tuesday. The stock has a 50-day moving average price of $27.11 and a 200 day moving average price of $28.46. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 2.10 and a beta of 0.84. Graphic Packaging Holding has a 52 week low of $25.13 and a 52 week high of $30.70. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.04). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Sell-side analysts anticipate that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be given a dividend of $0.11 per share. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, March 14th. Graphic Packaging’s dividend payout ratio (DPR) is currently 20.37%.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.