Compagnie Lombard Odier SCmA Trims Position in Graphic Packaging Holding Company $GPK

Compagnie Lombard Odier SCmA lowered its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 71.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,534 shares of the industrial products company’s stock after selling 56,709 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Graphic Packaging were worth $339,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC lifted its stake in shares of Graphic Packaging by 36.6% during the 1st quarter. AQR Capital Management LLC now owns 171,608 shares of the industrial products company’s stock worth $4,453,000 after purchasing an additional 45,944 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Graphic Packaging by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,471,519 shares of the industrial products company’s stock valued at $38,201,000 after purchasing an additional 132,692 shares during the period. Creative Planning increased its stake in Graphic Packaging by 139.8% in the second quarter. Creative Planning now owns 28,811 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 16,796 shares during the last quarter. Prudential Financial Inc. increased its stake in Graphic Packaging by 177.4% in the second quarter. Prudential Financial Inc. now owns 98,065 shares of the industrial products company’s stock valued at $2,066,000 after purchasing an additional 62,719 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Graphic Packaging by 72.5% during the second quarter. Russell Investments Group Ltd. now owns 86,194 shares of the industrial products company’s stock worth $1,816,000 after buying an additional 36,224 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Graphic Packaging news, CEO Robbert Rietbroek purchased 44,278 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of $11.32 per share, with a total value of $501,226.96. Following the transaction, the chief executive officer owned 44,278 shares in the company, valued at approximately $501,226.96. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.41% of the company’s stock.

Graphic Packaging Stock Performance

Graphic Packaging stock opened at $9.69 on Friday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 6.54 and a beta of 0.69. Graphic Packaging Holding Company has a 12 month low of $8.78 and a 12 month high of $26.36. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 0.52. The stock’s 50-day moving average is $11.69 and its 200-day moving average is $14.92.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Monday, March 2nd. The industrial products company reported $0.24 earnings per share (EPS) for the quarter. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. The firm had revenue of $2.10 billion during the quarter. Equities analysts anticipate that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Sunday, March 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, March 13th. This represents a $0.44 annualized dividend and a dividend yield of 4.5%. Graphic Packaging’s payout ratio is presently 29.73%.

Analyst Ratings Changes

GPK has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Graphic Packaging in a report on Friday, March 27th. Wells Fargo & Company cut their price objective on shares of Graphic Packaging from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, March 20th. UBS Group lowered their target price on shares of Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Robert W. Baird set a $15.00 price target on shares of Graphic Packaging in a research report on Wednesday, February 4th. Finally, Zacks Research downgraded shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Nine analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $15.29.

Graphic Packaging Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.