Janus Henderson Group PLC Has $48.02 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Janus Henderson Group PLC lessened its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 0.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,645,569 shares of the industrial products company’s stock after selling 1,743 shares during the period. Janus Henderson Group PLC owned 0.54% of Graphic Packaging worth $48,017,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Carmel Capital Management L.L.C. lifted its holdings in Graphic Packaging by 3.3% in the fourth quarter. Carmel Capital Management L.L.C. now owns 364,625 shares of the industrial products company’s stock valued at $8,988,000 after buying an additional 11,600 shares during the period. Capital Insight Partners LLC lifted its holdings in Graphic Packaging by 9.8% in the fourth quarter. Capital Insight Partners LLC now owns 31,335 shares of the industrial products company’s stock valued at $772,000 after buying an additional 2,800 shares during the period. Benin Management CORP acquired a new position in Graphic Packaging in the fourth quarter valued at $234,000. Allspring Global Investments Holdings LLC increased its stake in Graphic Packaging by 102.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,928,197 shares of the industrial products company’s stock valued at $121,480,000 after purchasing an additional 2,498,942 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Graphic Packaging in the fourth quarter valued at $2,896,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on GPK shares. Truist Financial lifted their price target on shares of Graphic Packaging from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Stifel Nicolaus began coverage on shares of Graphic Packaging in a research report on Tuesday, July 9th. They set a “buy” rating and a $35.20 target price for the company. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Citigroup reduced their price objective on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $21.00 price objective on shares of Graphic Packaging in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.03.

Graphic Packaging Stock Performance

GPK traded up $1.08 during midday trading on Tuesday, reaching $29.09. The company had a trading volume of 7,942,945 shares, compared to its average volume of 2,706,519. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.52 and a current ratio of 1.24. The stock has a market cap of $8.94 billion, a PE ratio of 13.37, a P/E/G ratio of 10.15 and a beta of 0.85. Graphic Packaging Holding has a 12-month low of $20.07 and a 12-month high of $29.74. The business has a 50-day moving average price of $27.24 and a two-hundred day moving average price of $26.98.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Graphic Packaging had a net margin of 7.36% and a return on equity of 32.55%. The company’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. On average, sell-side analysts expect that Graphic Packaging Holding will post 2.69 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Saturday, June 15th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, June 14th. Graphic Packaging’s payout ratio is 18.10%.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.