Atlantic Investment Management Inc. Takes Position in Graphic Packaging Holding Company $GPK

Atlantic Investment Management Inc. bought a new position in shares of Graphic Packaging Holding Company (NYSE:GPK) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 645,584 shares of the industrial products company’s stock, valued at approximately $12,634,000. Graphic Packaging comprises approximately 7.3% of Atlantic Investment Management Inc.’s portfolio, making the stock its 7th biggest position. Atlantic Investment Management Inc. owned approximately 0.22% of Graphic Packaging at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Graphic Packaging during the 3rd quarter worth about $31,000. Operose Advisors LLC bought a new position in shares of Graphic Packaging in the 2nd quarter valued at about $42,000. Global Retirement Partners LLC boosted its stake in shares of Graphic Packaging by 65.2% in the 3rd quarter. Global Retirement Partners LLC now owns 2,291 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 904 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Graphic Packaging during the 3rd quarter worth approximately $49,000. Finally, State of Wyoming raised its stake in shares of Graphic Packaging by 96.1% during the second quarter. State of Wyoming now owns 3,527 shares of the industrial products company’s stock worth $74,000 after buying an additional 1,728 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities analysts recently weighed in on GPK shares. UBS Group cut their price objective on shares of Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Zacks Research cut shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, December 29th. Royal Bank Of Canada set a $13.00 price target on Graphic Packaging in a research report on Wednesday, February 4th. Finally, Citigroup decreased their price objective on Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Eight equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Graphic Packaging has an average rating of “Reduce” and an average price target of $16.63.

Graphic Packaging Price Performance

GPK stock opened at $9.73 on Friday. The stock has a 50-day moving average price of $13.36 and a two-hundred day moving average price of $16.05. Graphic Packaging Holding Company has a 1 year low of $9.57 and a 1 year high of $26.51. The stock has a market cap of $2.88 billion, a PE ratio of 6.57 and a beta of 0.65. The company has a current ratio of 1.30, a quick ratio of 0.52 and a debt-to-equity ratio of 1.50.

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

Graphic Packaging Announces Dividend

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

Graphic Packaging Company 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.