Rothschild & Co. Asset Management US Inc. Purchases 93,998 Shares of Graphic Packaging Holding (GPK)
Rothschild & Co. Asset Management US Inc. increased its stake in Graphic Packaging Holding (NYSE:GPK) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,769,832 shares of the industrial products company’s stock after purchasing an additional 93,998 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Graphic Packaging were worth $22,353,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Boston Partners lifted its holdings in Graphic Packaging by 14.4% in the first quarter. Boston Partners now owns 30,353,133 shares of the industrial products company’s stock worth $383,360,000 after purchasing an additional 3,815,826 shares during the period. Vanguard Group Inc lifted its holdings in Graphic Packaging by 1.4% in the third quarter. Vanguard Group Inc now owns 27,079,119 shares of the industrial products company’s stock worth $379,378,000 after purchasing an additional 376,678 shares during the period. FMR LLC lifted its holdings in Graphic Packaging by 9.2% in the fourth quarter. FMR LLC now owns 22,209,385 shares of the industrial products company’s stock worth $236,308,000 after purchasing an additional 1,869,647 shares during the period. American Century Companies Inc. lifted its holdings in Graphic Packaging by 9.4% in the fourth quarter. American Century Companies Inc. now owns 17,769,554 shares of the industrial products company’s stock worth $189,068,000 after purchasing an additional 1,524,738 shares during the period. Finally, Shapiro Capital Management LLC lifted its holdings in Graphic Packaging by 111.8% in the fourth quarter. Shapiro Capital Management LLC now owns 15,308,944 shares of the industrial products company’s stock worth $162,887,000 after purchasing an additional 8,080,950 shares during the period.
In other Graphic Packaging news, Director Robert Hagemann purchased 15,000 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was bought at an average cost of $12.25 per share, with a total value of $183,750.00. Following the acquisition, the director now owns 65,329 shares of the company’s stock, valued at $800,280.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.
Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. Graphic Packaging had a net margin of 4.12% and a return on equity of 12.05%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the company earned $0.19 EPS. Graphic Packaging’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts predict that Graphic Packaging Holding will post 0.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Saturday, June 15th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Thursday, June 13th. Graphic Packaging’s payout ratio is 37.04%.
Several equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Graphic Packaging from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Zacks Investment Research downgraded shares of Graphic Packaging from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 31st. UBS Group upped their price objective on shares of Graphic Packaging from $12.50 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. TheStreet raised shares of Graphic Packaging from a “c+” rating to a “b-” rating in a report on Monday, April 22nd. Finally, KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $15.79.
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About Graphic Packaging
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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