Regents Gate Capital LLP Takes Position in Graphic Packaging Holding (NYSE:GPK)

Regents Gate Capital LLP bought a new position in shares of Graphic Packaging Holding (NYSE:GPK) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 231,439 shares of the industrial products company’s stock, valued at approximately $6,286,000. Graphic Packaging comprises approximately 2.5% of Regents Gate Capital LLP’s portfolio, making the stock its 17th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning raised its stake in Graphic Packaging by 14.8% in the second quarter. Creative Planning now owns 11,082 shares of the industrial products company’s stock valued at $290,000 after buying an additional 1,432 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Graphic Packaging during the 2nd quarter worth about $711,000. GAMMA Investing LLC lifted its stake in Graphic Packaging by 57.0% during the third quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 1,564 shares during the last quarter. UMB Bank n.a. boosted its holdings in Graphic Packaging by 546.6% in the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 798 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Graphic Packaging by 24.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 88,900 shares of the industrial products company’s stock valued at $2,636,000 after purchasing an additional 17,700 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Charles D. Lischer sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the transaction, the chief accounting officer now owns 49,849 shares in the company, valued at $1,478,022.85. This trade represents a 19.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Graphic Packaging Stock Down 1.9 %

Graphic Packaging stock opened at $26.48 on Monday. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 2.07 and a beta of 0.84. The company has a current ratio of 1.46, a quick ratio of 0.72 and a debt-to-equity ratio of 1.71. The stock has a 50 day moving average of $27.80 and a two-hundred day moving average of $28.62. Graphic Packaging Holding has a twelve month low of $23.47 and a twelve month high of $30.70.

Graphic Packaging (NYSE:GPK) last announced 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). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. As a group, research analysts expect that Graphic Packaging Holding will post 2.51 earnings per share for the current year.

Graphic Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, March 14th. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s payout ratio is currently 18.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GPK. Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $24.00 to $27.00 in a report on Monday, January 6th. Citigroup reaffirmed a “neutral” rating and set a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Truist Financial raised their price target on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Finally, Robert W. Baird reduced their price objective on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.70.

Graphic Packaging 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.