Massachusetts Financial Services Co. MA Has $163.07 Million Position in Graphic Packaging Holding (NYSE:GPK)

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Massachusetts Financial Services Co. MA raised its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,055,585 shares of the industrial products company’s stock after buying an additional 764,286 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.81% of Graphic Packaging worth $163,070,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GPK. BlackRock Inc. boosted its stake in Graphic Packaging by 9.7% in the second quarter. BlackRock Inc. now owns 14,593,172 shares of the industrial products company’s stock valued at $204,013,000 after buying an additional 1,285,105 shares in the last quarter. Schroder Investment Management Group boosted its stake in Graphic Packaging by 1.2% in the second quarter. Schroder Investment Management Group now owns 6,611,734 shares of the industrial products company’s stock valued at $92,432,000 after buying an additional 78,640 shares in the last quarter. Marshall Wace North America L.P. boosted its stake in Graphic Packaging by 65.9% in the second quarter. Marshall Wace North America L.P. now owns 3,006,131 shares of the industrial products company’s stock valued at $42,026,000 after buying an additional 1,193,788 shares in the last quarter. Invesco Ltd. raised its position in Graphic Packaging by 60.5% in the second quarter. Invesco Ltd. now owns 2,931,459 shares of the industrial products company’s stock valued at $40,982,000 after purchasing an additional 1,105,340 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Graphic Packaging by 74.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,600,068 shares of the industrial products company’s stock valued at $36,349,000 after purchasing an additional 1,111,724 shares during the last quarter.

Several research firms have commented on GPK. ValuEngine upgraded Graphic Packaging from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Zacks Investment Research downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Deutsche Bank increased their target price on Graphic Packaging from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, KeyCorp reiterated a “hold” rating on shares of Graphic Packaging in a research report on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.00.

Shares of GPK traded up $0.16 during mid-day trading on Wednesday, reaching $16.56. 92,156 shares of the company were exchanged, compared to its average volume of 3,956,341. The stock has a market capitalization of $4.69 billion, a PE ratio of 20.44, a PEG ratio of 1.09 and a beta of 1.37. The business has a 50 day simple moving average of $15.02 and a two-hundred day simple moving average of $14.12. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.64 and a current ratio of 1.62. Graphic Packaging Holding has a 52 week low of $10.13 and a 52 week high of $16.43.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.57 billion. Graphic Packaging had a return on equity of 12.72% and a net margin of 3.60%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. On average, analysts predict that Graphic Packaging Holding will post 0.87 EPS for the current year.

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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