Peregrine Capital Management LLC Acquires 4,828 Shares of Graphic Packaging Holding (NYSE:GPK)

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Peregrine Capital Management LLC lifted its holdings in Graphic Packaging Holding (NYSE:GPK) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333,134 shares of the industrial products company’s stock after purchasing an additional 4,828 shares during the quarter. Peregrine Capital Management LLC owned 0.12% of Graphic Packaging worth $4,661,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ensign Peak Advisors Inc bought a new stake in shares of Graphic Packaging in the first quarter worth $54,000. Fifth Third Bancorp lifted its position in shares of Graphic Packaging by 138.5% in the first quarter. Fifth Third Bancorp now owns 4,555 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 2,645 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Graphic Packaging in the second quarter worth $59,000. Meeder Asset Management Inc. lifted its position in shares of Graphic Packaging by 9,790.2% in the first quarter. Meeder Asset Management Inc. now owns 6,033 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 5,972 shares in the last quarter. Finally, Synovus Financial Corp raised its position in Graphic Packaging by 168.9% during the first quarter. Synovus Financial Corp now owns 9,182 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 5,767 shares in the last quarter. 96.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of GPK opened at $13.94 on Friday. The firm has a market capitalization of $3.89 billion, a PE ratio of 31.68, a PEG ratio of 0.53 and a beta of 1.27. The company’s 50-day moving average is $13.96 and its 200-day moving average is $14.01. Graphic Packaging Holding has a fifty-two week low of $10.40 and a fifty-two week high of $16.95. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.27 and a quick ratio of 0.53.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.07. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. Graphic Packaging had a net margin of 1.97% and a return on equity of 14.13%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. Analysts predict that Graphic Packaging Holding will post 1.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.15%. Graphic Packaging’s dividend payout ratio (DPR) is presently 34.48%.

Several analysts have issued reports on GPK shares. Deutsche Bank dropped their price target on shares of Graphic Packaging from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Jefferies Financial Group lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research report on Monday, July 13th. ValuEngine lowered shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Wednesday, May 27th. DA Davidson reaffirmed a “buy” rating on shares of Graphic Packaging in a research report on Wednesday, July 22nd. Finally, BMO Capital Markets dropped their price target on shares of Graphic Packaging from $18.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Graphic Packaging presently has an average rating of “Buy” and an average price target 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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