Aptus Capital Advisors LLC Grows Holdings in Graphic Packaging Holding (NYSE:GPK)

Aptus Capital Advisors LLC increased its position in shares of Graphic Packaging Holding (NYSE:GPK) by 26.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,693 shares of the industrial products company’s stock after buying an additional 35,380 shares during the period. Aptus Capital Advisors LLC owned about 0.06% of Graphic Packaging worth $5,021,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in Graphic Packaging by 546.6% during 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. LRI Investments LLC purchased a new stake in shares of Graphic Packaging in the first quarter valued at approximately $38,000. GAMMA Investing LLC increased its position in shares of Graphic Packaging by 46.3% in the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock valued at $72,000 after buying an additional 868 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Graphic Packaging in the second quarter worth approximately $88,000. Finally, LGT Group Foundation acquired a new stake in shares of Graphic Packaging in the first quarter worth approximately $134,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insiders Place Their Bets

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the sale, the executive vice president now directly owns 81,026 shares of the company’s stock, valued at approximately $2,348,943.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GPK shares. Truist Financial lowered Graphic Packaging from a “buy” rating to a “hold” rating and lowered their price target for the stock from $32.00 to $30.00 in a research note on Wednesday, October 30th. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada cut their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Robert W. Baird upped their price target on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company upped their price target on Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.53.

Graphic Packaging Stock Down 1.0 %

Shares of NYSE GPK opened at $29.10 on Wednesday. The stock has a market cap of $8.73 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 11.42 and a beta of 0.83. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. Graphic Packaging Holding has a 52-week low of $21.25 and a 52-week high of $30.70. The business has a 50-day moving average price of $29.26 and a 200 day moving average price of $28.28.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. Equities research analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

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.