Insider Buying: Graphic Packaging (NYSE:GPK) CEO Purchases $501,226.96 in Stock

Graphic Packaging Holding Company (NYSE:GPK) CEO Robbert Rietbroek purchased 44,278 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average price of $11.32 per share, with a total value of $501,226.96. Following the completion of the purchase, the chief executive officer owned 44,278 shares of the company’s stock, valued at $501,226.96. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $11.24 on Friday. The firm has a 50 day moving average of $13.85 and a 200-day moving average of $16.53. Graphic Packaging Holding Company has a 12 month low of $10.73 and a 12 month high of $28.19. The company has a current ratio of 1.30, a quick ratio of 0.52 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $3.32 billion, a PE ratio of 7.59 and a beta of 0.65.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Monday, March 2nd. The industrial products company reported $0.24 earnings per share for the quarter. The business had revenue of $2.10 billion for the quarter. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%. On average, equities research analysts predict that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Sunday, March 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.44 annualized dividend and a yield of 3.9%. Graphic Packaging’s payout ratio is presently 29.73%.

Analysts Set New Price Targets

Several brokerages have issued reports on GPK. Royal Bank Of Canada set a $13.00 price target on Graphic Packaging in a research note on Wednesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Graphic Packaging from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Wednesday, February 4th. Truist Financial set a $14.00 target price on shares of Graphic Packaging in a research report on Wednesday, February 4th. UBS Group cut their target price on shares of Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. Finally, Robert W. Baird set a $15.00 price target on shares of Graphic Packaging in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $16.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GPK. AQR Capital Management LLC grew its stake in shares of Graphic Packaging by 36.6% during the 1st quarter. AQR Capital Management LLC now owns 171,608 shares of the industrial products company’s stock worth $4,453,000 after acquiring an additional 45,944 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Graphic Packaging by 9.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,471,519 shares of the industrial products company’s stock valued at $38,201,000 after purchasing an additional 132,692 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Graphic Packaging by 130.7% during the second quarter. Bessemer Group Inc. now owns 1,382 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 783 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Graphic Packaging by 1,356.1% during the second quarter. Hantz Financial Services Inc. now owns 1,791 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 1,668 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of Graphic Packaging by 0.9% in the second quarter. Retirement Systems of Alabama now owns 368,812 shares of the industrial products company’s stock worth $7,771,000 after purchasing an additional 3,416 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.