Graphic Packaging (NYSE:GPK) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday.
GPK has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Friday, March 16th. BMO Capital Markets dropped their target price on shares of Graphic Packaging from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of Graphic Packaging in a research report on Thursday, February 1st. Finally, Citigroup dropped their target price on shares of Graphic Packaging from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, April 5th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Graphic Packaging has a consensus rating of “Buy” and a consensus target price of $17.31.
Shares of GPK stock opened at $15.88 on Thursday. Graphic Packaging has a 1 year low of $12.65 and a 1 year high of $16.74. The firm has a market cap of $4,980.23, a P/E ratio of 25.21, a P/E/G ratio of 3.65 and a beta of 1.15. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.63 and a current ratio of 1.37.
In other Graphic Packaging news, SVP Joseph P. Yost sold 15,137 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $15.60, for a total value of $236,137.20. Following the sale, the senior vice president now owns 343,472 shares of the company’s stock, valued at approximately $5,358,163.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Alan R. Nichols sold 150,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the completion of the sale, the senior vice president now directly owns 123,885 shares in the company, valued at approximately $1,920,217.50. The disclosure for this sale can be found here. Insiders sold a total of 215,137 shares of company stock worth $3,311,137 in the last three months. Insiders own 0.62% of the company’s stock.
A number of institutional investors have recently made changes to their positions in GPK. Canyon Capital Advisors LLC increased its holdings in Graphic Packaging by 85.2% in the 4th quarter. Canyon Capital Advisors LLC now owns 13,330,720 shares of the industrial products company’s stock valued at $205,960,000 after buying an additional 6,132,069 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in Graphic Packaging by 929.3% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 5,609,827 shares of the industrial products company’s stock valued at $86,672,000 after buying an additional 5,064,827 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Graphic Packaging by 128.4% in the 4th quarter. Renaissance Technologies LLC now owns 2,181,518 shares of the industrial products company’s stock valued at $33,704,000 after purchasing an additional 1,226,429 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of Graphic Packaging by 123.8% in the 4th quarter. Citadel Advisors LLC now owns 2,078,232 shares of the industrial products company’s stock valued at $32,109,000 after purchasing an additional 1,149,640 shares in the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new stake in shares of Graphic Packaging in the 4th quarter valued at $17,666,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
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About Graphic Packaging
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.
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