Janus Henderson Group PLC Has $50.23 Million Position in Graphic Packaging Holding (NYSE:GPK)

Janus Henderson Group PLC boosted its position in Graphic Packaging Holding (NYSE:GPK) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,697,512 shares of the industrial products company’s stock after purchasing an additional 76,313 shares during the period. Janus Henderson Group PLC’s holdings in Graphic Packaging were worth $50,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GPK. Benjamin Edwards Inc. increased its stake in shares of Graphic Packaging by 1.8% in the third quarter. Benjamin Edwards Inc. now owns 43,608 shares of the industrial products company’s stock valued at $1,290,000 after buying an additional 751 shares during the period. Paloma Partners Management Co increased its stake in shares of Graphic Packaging by 76.4% in the third quarter. Paloma Partners Management Co now owns 21,575 shares of the industrial products company’s stock valued at $638,000 after buying an additional 9,347 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Graphic Packaging in the third quarter valued at about $493,000. Edgestream Partners L.P. increased its stake in shares of Graphic Packaging by 51.0% in the third quarter. Edgestream Partners L.P. now owns 83,214 shares of the industrial products company’s stock valued at $2,462,000 after buying an additional 28,122 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Graphic Packaging by 2.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,939 shares of the industrial products company’s stock valued at $2,010,000 after buying an additional 1,489 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insiders Place Their Bets

In other Graphic Packaging news, CAO Charles D. Lischer sold 12,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $29.65, for a total value of $355,800.00. Following the transaction, the chief accounting officer now owns 49,849 shares in the company, valued at approximately $1,478,022.85. This represents a 19.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the transaction, the executive vice president now owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 24.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Graphic Packaging Trading Down 2.0 %

NYSE GPK opened at $29.21 on Friday. The business has a 50 day simple moving average of $29.18 and a 200 day simple moving average of $28.48. Graphic Packaging Holding has a one year low of $22.76 and a one year high of $30.70. The stock has a market capitalization of $8.77 billion, a P/E ratio of 12.48, a P/E/G ratio of 11.68 and a beta of 0.83. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). The firm 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%. The firm’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. Research analysts expect that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.37%. Graphic Packaging’s payout ratio is currently 17.09%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and decreased their price target for the company from $32.00 to $30.00 in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada decreased their target price on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.53.

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.