Dynamic Technology Lab Private Ltd Sells 7,663 Shares of Graphic Packaging Holding (NYSE:GPK)

Dynamic Technology Lab Private Ltd lowered its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 25.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,271 shares of the industrial products company’s stock after selling 7,663 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Graphic Packaging were worth $605,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Synergy Asset Management LLC lifted its holdings in Graphic Packaging by 108.6% during the 4th quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company’s stock worth $1,810,000 after buying an additional 33,493 shares during the period. Howard Capital Management Group LLC raised its position in shares of Graphic Packaging by 1.3% during the fourth quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company’s stock worth $27,734,000 after acquiring an additional 13,175 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Graphic Packaging by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock valued at $313,957,000 after acquiring an additional 787,266 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in Graphic Packaging during the 4th quarter valued at approximately $51,642,000. Finally, Advocate Group LLC raised its holdings in Graphic Packaging by 14.5% during the 4th quarter. Advocate Group LLC now owns 226,399 shares of the industrial products company’s stock worth $6,149,000 after purchasing an additional 28,703 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Truist Financial dropped their price objective on Graphic Packaging from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. Citigroup reaffirmed a “neutral” rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Finally, Robert W. Baird dropped their price target on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.37.

Graphic Packaging Stock Performance

Shares of Graphic Packaging stock opened at $24.38 on Tuesday. The business has a 50-day simple moving average of $26.50 and a 200 day simple moving average of $27.86. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 2.10 and a beta of 0.80. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. Graphic Packaging Holding has a one year low of $23.82 and a one year high of $30.70.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. Graphic Packaging’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. On average, research analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.80%. Graphic Packaging’s payout ratio is presently 20.37%.

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.