Waratah Capital Advisors Ltd. Increases Stake in Graphic Packaging Holding (NYSE:GPK)

Waratah Capital Advisors Ltd. increased its position in Graphic Packaging Holding (NYSE:GPKGet Rating) by 27.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,181,065 shares of the industrial products company’s stock after acquiring an additional 690,413 shares during the quarter. Graphic Packaging comprises 0.8% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 12th largest holding. Waratah Capital Advisors Ltd. owned approximately 1.03% of Graphic Packaging worth $63,749,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GPK. Russell Investments Group Ltd. boosted its stake in Graphic Packaging by 51.7% in the 1st quarter. Russell Investments Group Ltd. now owns 702,628 shares of the industrial products company’s stock worth $14,078,000 after purchasing an additional 239,540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Graphic Packaging by 85.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,804 shares of the industrial products company’s stock worth $854,000 after purchasing an additional 20,223 shares in the last quarter. Whittier Trust Co. increased its position in shares of Graphic Packaging by 6.0% in the first quarter. Whittier Trust Co. now owns 256,452 shares of the industrial products company’s stock worth $5,137,000 after purchasing an additional 14,560 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Graphic Packaging by 322.3% in the fourth quarter. Squarepoint Ops LLC now owns 68,185 shares of the industrial products company’s stock worth $1,330,000 after purchasing an additional 52,040 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its position in shares of Graphic Packaging by 3.5% in the fourth quarter. Kennedy Capital Management Inc. now owns 641,356 shares of the industrial products company’s stock worth $12,506,000 after purchasing an additional 21,788 shares during the last quarter. Hedge funds and other institutional investors own 94.71% of the company’s stock.

Insider Transactions at Graphic Packaging

In other news, SVP Jean Francois Roche sold 46,898 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $22.50, for a total value of $1,055,205.00. Following the sale, the senior vice president now directly owns 84 shares of the company’s stock, valued at approximately $1,890. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GPK. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Graphic Packaging from $25.00 to $27.00 in a research report on Wednesday, July 27th. BNP Paribas upgraded shares of Graphic Packaging from a “neutral” rating to an “outperform” rating and set a $26.00 price target on the stock in a research report on Tuesday, May 10th. Citigroup boosted their price objective on shares of Graphic Packaging to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Exane BNP Paribas upgraded shares of Graphic Packaging from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Tuesday, May 10th. Finally, BMO Capital Markets upgraded shares of Graphic Packaging from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $20.00 to $25.00 in a report on Friday, May 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.46.

Graphic Packaging Trading Up 0.6 %

Graphic Packaging stock traded up $0.13 during mid-day trading on Friday, reaching $21.70. 1,997,395 shares of the company traded hands, compared to its average volume of 2,714,816. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.34 and a quick ratio of 0.57. The firm’s 50 day moving average price is $21.21 and its 200 day moving average price is $20.53. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 0.39 and a beta of 0.95. Graphic Packaging Holding has a 52-week low of $17.63 and a 52-week high of $22.99.

Graphic Packaging (NYSE:GPKGet Rating) last released its earnings results on Tuesday, July 26th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.26 billion. Graphic Packaging had a net margin of 3.40% and a return on equity of 28.19%. The company’s revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. On average, analysts anticipate that Graphic Packaging Holding will post 2.19 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Thursday, September 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, September 14th. Graphic Packaging’s dividend payout ratio is presently 32.26%.

About Graphic Packaging

(Get Rating)

Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-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; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.

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Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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