Invesco Ltd. Decreases Stake in Ranpak Holdings Corp $PACK

Invesco Ltd. reduced its stake in Ranpak Holdings Corp (NYSE:PACK) by 12.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,238 shares of the company’s stock after selling 18,814 shares during the period. Invesco Ltd. owned about 0.16% of Ranpak worth $738,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC bought a new stake in shares of Ranpak in the 4th quarter worth approximately $83,000. GAMMA Investing LLC raised its holdings in Ranpak by 1,601.2% in the first quarter. GAMMA Investing LLC now owns 5,631 shares of the company’s stock worth $31,000 after buying an additional 5,300 shares during the last quarter. Millennium Management LLC raised its holdings in Ranpak by 58.6% in the fourth quarter. Millennium Management LLC now owns 185,203 shares of the company’s stock worth $1,274,000 after buying an additional 68,451 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Ranpak by 29.7% during the fourth quarter. Bank of America Corp DE now owns 50,248 shares of the company’s stock valued at $346,000 after purchasing an additional 11,507 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Ranpak by 25.4% during the fourth quarter. BNP Paribas Financial Markets now owns 17,881 shares of the company’s stock valued at $123,000 after purchasing an additional 3,623 shares in the last quarter. 85.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Cantor Fitzgerald upped their price objective on Ranpak from $6.00 to $6.50 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Craig Hallum upped their price target on Ranpak from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Robert W. Baird dropped their price objective on Ranpak from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $7.17.

Ranpak Trading Down 4.1%

PACK opened at $4.78 on Thursday. The stock’s fifty day moving average is $4.09 and its two-hundred day moving average is $4.40. The company has a market capitalization of $402.83 million, a P/E ratio of -11.37 and a beta of 2.76. Ranpak Holdings Corp has a 52 week low of $2.91 and a 52 week high of $8.70. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 0.74.

Ranpak (NYSE:PACK) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.13). Ranpak had a negative return on equity of 6.29% and a negative net margin of 9.06%.The firm had revenue of $77.80 million for the quarter, compared to analysts’ expectations of $94.45 million. Ranpak has set its FY 2025 guidance at EPS. Analysts forecast that Ranpak Holdings Corp will post -0.2 earnings per share for the current year.

Ranpak Company Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.