Impax Asset Management Group plc Lowers Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Impax Asset Management Group plc lessened its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 16.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,519,697 shares of the industrial products company’s stock after selling 680,147 shares during the period. Impax Asset Management Group plc owned about 1.17% of Graphic Packaging worth $94,835,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GPK. Truvestments Capital LLC bought a new stake in Graphic Packaging during the 3rd quarter valued at $30,000. Crews Bank & Trust bought a new stake in shares of Graphic Packaging in the fourth quarter valued at about $32,000. Avior Wealth Management LLC grew its holdings in Graphic Packaging by 2,484.0% during the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 1,242 shares in the last quarter. UMB Bank n.a. increased its position in Graphic Packaging by 58.2% during the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 549 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Graphic Packaging in the 3rd quarter valued at about $73,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Up 0.1 %

Shares of GPK stock opened at $27.10 on Monday. The stock’s fifty day moving average price is $27.22 and its 200 day moving average price is $28.50. Graphic Packaging Holding has a 1-year low of $25.13 and a 1-year high of $30.70. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 2.10 and a beta of 0.84. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.04). The company 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. On average, research analysts expect that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be paid 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 dividend yield of 1.62%. The ex-dividend date is Friday, March 14th. Graphic Packaging’s payout ratio is presently 20.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Citigroup reiterated a “neutral” rating and issued a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Robert W. Baird reduced their price target on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Truist Financial raised their price objective on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company upgraded 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 report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.70.

About Graphic Packaging

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.