APG Asset Management N.V. Buys New Holdings in Graphic Packaging Holding (GPK)

APG Asset Management N.V. bought a new position in shares of Graphic Packaging Holding (NYSE:GPK) in the fourth quarter, HoldingsChannel reports. The fund bought 68,800 shares of the industrial products company’s stock, valued at approximately $885,000.

Other institutional investors have also added to or reduced their stakes in the company. California Public Employees Retirement System grew its holdings in shares of Graphic Packaging by 3.3% during the third quarter. California Public Employees Retirement System now owns 690,502 shares of the industrial products company’s stock worth $9,633,000 after buying an additional 22,202 shares in the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Graphic Packaging during the third quarter worth $2,951,000. Wells Fargo & Company MN grew its holdings in shares of Graphic Packaging by 2.3% during the third quarter. Wells Fargo & Company MN now owns 1,033,938 shares of the industrial products company’s stock worth $14,424,000 after buying an additional 23,533 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Graphic Packaging by 24.7% during the third quarter. Sei Investments Co. now owns 880,593 shares of the industrial products company’s stock worth $12,284,000 after buying an additional 174,462 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Graphic Packaging during the third quarter worth $3,806,000. 96.44% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Holding (GPK) opened at $14.52 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 1.96. The firm has a market cap of $4,763.40, a PE ratio of 14.97, a PEG ratio of 2.96 and a beta of 1.15. Graphic Packaging Holding has a 1 year low of $12.46 and a 1 year high of $16.74.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Graphic Packaging had a net margin of 6.82% and a return on equity of 17.82%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. analysts expect that Graphic Packaging Holding will post 1.04 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Graphic Packaging from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $19.00 price target on shares of Graphic Packaging in a research report on Thursday, February 1st. Robert W. Baird boosted their price target on shares of Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a research report on Sunday, October 29th. Finally, Zacks Investment Research cut shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Graphic Packaging has a consensus rating of “Buy” and a consensus target price of $17.10.

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Graphic Packaging Profile

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

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Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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