LSV Asset Management Sells 1,098,699 Shares of Graphic Packaging Holding Company $GPK

LSV Asset Management lowered its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 31.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,342,820 shares of the industrial products company’s stock after selling 1,098,699 shares during the quarter. LSV Asset Management owned 0.79% of Graphic Packaging worth $49,363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GPK. American Century Companies Inc. increased its position in shares of Graphic Packaging by 11.7% during the first quarter. American Century Companies Inc. now owns 18,488,501 shares of the industrial products company’s stock valued at $479,962,000 after acquiring an additional 1,932,841 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in Graphic Packaging by 11,000.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,299,806 shares of the industrial products company’s stock valued at $33,743,000 after purchasing an additional 1,288,096 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Graphic Packaging by 7.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 17,636,296 shares of the industrial products company’s stock valued at $385,353,000 after purchasing an additional 1,264,922 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Graphic Packaging by 11.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,570,040 shares of the industrial products company’s stock valued at $243,781,000 after purchasing an additional 1,218,848 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Graphic Packaging by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,890,782 shares of the industrial products company’s stock worth $204,844,000 after purchasing an additional 1,018,017 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $15.48 on Wednesday. The firm has a market capitalization of $4.57 billion, a PE ratio of 8.74 and a beta of 0.72. The company has a quick ratio of 0.56, a current ratio of 1.43 and a debt-to-equity ratio of 1.68. The company has a 50-day moving average price of $17.99 and a two-hundred day moving average price of $20.74. Graphic Packaging Holding Company has a twelve month low of $14.90 and a twelve month high of $30.49.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.17 billion. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. Equities analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Insider Activity

In other Graphic Packaging news, EVP Joseph P. Yost sold 30,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $22.72, for a total transaction of $681,600.00. Following the sale, the executive vice president owned 255,203 shares in the company, valued at $5,798,212.16. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GPK has been the subject of several research reports. Raymond James Financial lowered shares of Graphic Packaging from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Zacks Research cut shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Graphic Packaging in a research report on Wednesday, October 8th. Citigroup lowered their price target on shares of Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Wells Fargo & Company dropped their price objective on Graphic Packaging from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.63.

Graphic Packaging 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.