Dynamic Technology Lab Private Ltd Acquires Shares of 29,934 Graphic Packaging Holding (NYSE:GPK)

Dynamic Technology Lab Private Ltd bought a new position in Graphic Packaging Holding (NYSE:GPK) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 29,934 shares of the industrial products company’s stock, valued at approximately $886,000.

A number of other large investors have also recently modified their holdings of the stock. Cerity Partners LLC lifted its holdings in Graphic Packaging by 18.2% in the third quarter. Cerity Partners LLC now owns 21,935 shares of the industrial products company’s stock worth $649,000 after buying an additional 3,376 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Graphic Packaging by 2.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 304,258 shares of the industrial products company’s stock worth $9,003,000 after acquiring an additional 8,388 shares in the last quarter. Nwam LLC purchased a new position in shares of Graphic Packaging in the 3rd quarter valued at approximately $235,000. Citigroup Inc. boosted its position in shares of Graphic Packaging by 6.5% during the third quarter. Citigroup Inc. now owns 1,651,176 shares of the industrial products company’s stock valued at $48,858,000 after purchasing an additional 101,479 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in Graphic Packaging in the third quarter worth $343,000. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

GPK stock opened at $30.01 on Thursday. The stock has a market capitalization of $9.01 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 11.51 and a beta of 0.83. The stock’s 50 day simple moving average is $29.13 and its 200 day simple moving average is $28.39. Graphic Packaging Holding has a 12-month low of $22.12 and a 12-month high of $30.70. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. Graphic Packaging’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 earnings per share. As a group, research analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging’s dividend payout ratio is currently 17.09%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value of $750,841.00. Following the transaction, 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 24.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Charles D. Lischer sold 12,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the sale, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at $1,478,022.85. The trade was a 19.40 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Graphic Packaging Company 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.