Graphic Packaging Holding (NYSE:GPK) Shares Acquired by Stanley Laman Group Ltd.

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Stanley Laman Group Ltd. grew its position in Graphic Packaging Holding (NYSE:GPK) by 3.2% in the second quarter, HoldingsChannel reports. The fund owned 57,679 shares of the industrial products company’s stock after acquiring an additional 1,773 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Graphic Packaging were worth $806,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GPK. Roubaix Capital LLC purchased a new stake in Graphic Packaging during the 2nd quarter valued at about $2,570,000. Berman Capital Advisors LLC grew its stake in Graphic Packaging by 141.5% during the 1st quarter. Berman Capital Advisors LLC now owns 17,124 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 10,032 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Graphic Packaging by 7.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 52,660 shares of the industrial products company’s stock valued at $736,000 after acquiring an additional 3,558 shares in the last quarter. Pictet Asset Management Ltd. grew its stake in Graphic Packaging by 7.2% during the 1st quarter. Pictet Asset Management Ltd. now owns 1,026,775 shares of the industrial products company’s stock valued at $12,968,000 after acquiring an additional 69,182 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Graphic Packaging by 13.0% during the 1st quarter. Lazard Asset Management LLC now owns 679,105 shares of the industrial products company’s stock valued at $8,577,000 after acquiring an additional 78,385 shares in the last quarter.

Shares of Graphic Packaging stock traded up $0.09 during mid-day trading on Thursday, hitting $12.84. The stock had a trading volume of 80,369 shares, compared to its average volume of 4,658,922. The firm’s 50-day simple moving average is $14.23. Graphic Packaging Holding has a 12-month low of $10.04 and a 12-month high of $15.58. The company has a current ratio of 1.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.18 and a beta of 1.34.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. Graphic Packaging had a net margin of 4.32% and a return on equity of 12.94%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the company posted $0.18 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Graphic Packaging Holding will post 0.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.30 annualized dividend and a dividend yield of 2.34%. Graphic Packaging’s dividend payout ratio (DPR) is 37.04%.

GPK has been the subject of several research reports. ValuEngine raised shares of Graphic Packaging from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Zacks Investment Research raised shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Friday, July 26th. TheStreet raised shares of Graphic Packaging from a “c+” rating to a “b-” rating in a research note on Monday, April 22nd. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a research note on Wednesday, April 24th. Finally, Citigroup upped their price objective on shares of Graphic Packaging from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $16.00.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, 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), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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