Clear Investment Research LLC Purchases 83,948 Shares of Graphic Packaging Holding Company $GPK

Clear Investment Research LLC raised its position in Graphic Packaging Holding Company (NYSE:GPK) by 37.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,163 shares of the industrial products company’s stock after buying an additional 83,948 shares during the quarter. Graphic Packaging accounts for 8.2% of Clear Investment Research LLC’s holdings, making the stock its 2nd biggest holding. Clear Investment Research LLC owned 0.10% of Graphic Packaging worth $6,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Graphic Packaging during the first quarter worth approximately $28,000. Brooklyn Investment Group grew its position in Graphic Packaging by 69.9% during the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company’s stock worth $28,000 after buying an additional 438 shares in the last quarter. Bessemer Group Inc. grew its position 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 worth $29,000 after buying an additional 783 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Graphic Packaging by 1,356.1% during the 2nd 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 in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Graphic Packaging during the 1st quarter worth $42,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 value of $681,600.00. Following the completion of the transaction, the executive vice president directly owned 255,203 shares in the company, valued at approximately $5,798,212.16. This represents a 10.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philip R. Martens sold 7,015 shares of Graphic Packaging stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $21.80, for a total value of $152,927.00. Following the sale, the director directly owned 26,811 shares in the company, valued at $584,479.80. The trade was a 20.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on GPK shares. Truist Financial reduced their target price on Graphic Packaging from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Raymond James Financial lowered Graphic Packaging from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th. Bank of America reissued a “neutral” rating and set a $24.00 target price on shares of Graphic Packaging in a report on Thursday, October 9th. UBS Group reduced their target price on Graphic Packaging from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Royal Bank Of Canada lowered Graphic Packaging from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $25.00 to $21.00 in a report on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Graphic Packaging currently has an average rating of “Hold” and a consensus target price of $23.00.

Graphic Packaging Stock Performance

NYSE:GPK opened at $16.05 on Friday. The stock’s 50-day simple moving average is $19.48 and its 200 day simple moving average is $21.56. The firm has a market capitalization of $4.75 billion, a PE ratio of 9.07 and a beta of 0.74. The company has a quick ratio of 0.56, a current ratio of 1.43 and a debt-to-equity ratio of 1.68. Graphic Packaging Holding Company has a twelve month low of $15.98 and a twelve month high of $30.49.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.13 billion. On average, analysts anticipate that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

About Graphic Packaging

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.