Insider Selling: Graphic Packaging Holding (NYSE:GPK) EVP Sells 25,900 Shares of Stock

Graphic Packaging Holding (NYSE:GPK) EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the sale, the executive vice president now owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Graphic Packaging Stock Up 0.0 %

NYSE GPK traded up $0.01 during trading hours on Thursday, reaching $29.05. 2,475,836 shares of the company’s stock traded hands, compared to its average volume of 2,584,752. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The firm has a market cap of $8.72 billion, a PE ratio of 12.41, a PEG ratio of 10.81 and a beta of 0.83. Graphic Packaging Holding has a 52-week low of $21.25 and a 52-week high of $30.70. The firm has a 50-day simple moving average of $29.29 and a 200 day simple moving average of $28.22.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The business’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Sell-side analysts anticipate that Graphic Packaging Holding will post 2.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Graphic Packaging by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock worth $437,945,000 after purchasing an additional 2,927,344 shares during the last quarter. American Century Companies Inc. grew its holdings in Graphic Packaging by 41.9% during the 2nd quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock worth $317,549,000 after acquiring an additional 3,576,877 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Graphic Packaging by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company’s stock worth $251,632,000 after acquiring an additional 706,486 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Graphic Packaging by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,054,530 shares of the industrial products company’s stock worth $158,693,000 after acquiring an additional 362,509 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its holdings in Graphic Packaging by 9.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,093,537 shares of the industrial products company’s stock worth $81,082,000 after acquiring an additional 274,449 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GPK shares. Royal Bank of Canada dropped their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wells Fargo & Company increased their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Finally, Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and cut their price target for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.53.

Graphic Packaging Company 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.