Boston Partners Sells 64,678 Shares of Ranpak Holdings Corp. (NYSE:PACK)

Boston Partners lowered its position in shares of Ranpak Holdings Corp. (NYSE:PACK) by 44.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,379 shares of the company’s stock after selling 64,678 shares during the quarter. Boston Partners owned approximately 0.10% of Ranpak worth $553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PACK. JPMorgan Chase & Co. raised its position in shares of Ranpak by 185.5% during the third quarter. JPMorgan Chase & Co. now owns 363,815 shares of the company’s stock worth $2,376,000 after acquiring an additional 236,398 shares during the last quarter. State Street Corp raised its position in shares of Ranpak by 15.2% during the third quarter. State Street Corp now owns 1,133,277 shares of the company’s stock worth $7,400,000 after acquiring an additional 149,446 shares during the last quarter. Algert Global LLC bought a new stake in shares of Ranpak during the third quarter worth $550,000. Barclays PLC increased its holdings in Ranpak by 367.0% in the third quarter. Barclays PLC now owns 73,116 shares of the company’s stock valued at $478,000 after purchasing an additional 57,461 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Ranpak by 18.5% in the fourth quarter. Empowered Funds LLC now owns 363,877 shares of the company’s stock valued at $2,503,000 after purchasing an additional 56,908 shares during the last quarter. Institutional investors own 85.94% of the company’s stock.

Ranpak Trading Down 0.4 %

NYSE PACK opened at $5.68 on Friday. The stock has a 50-day simple moving average of $6.72 and a 200 day simple moving average of $6.74. The company has a market capitalization of $472.48 million, a PE ratio of -23.65 and a beta of 2.59. The company has a current ratio of 2.36, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. Ranpak Holdings Corp. has a 12 month low of $5.38 and a 12 month high of $9.04.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald initiated coverage on Ranpak in a report on Thursday, December 19th. They issued an “overweight” rating and a $11.50 price objective for the company.

Ranpak Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.