Quantitative Systematic Strategies LLC Boosts Stock Position in Graphic Packaging Holding (NYSE:GPK)

Quantitative Systematic Strategies LLC grew its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 38.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 148,972 shares of the industrial products company’s stock after buying an additional 41,251 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Graphic Packaging were worth $2,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Boston Partners lifted its position in shares of Graphic Packaging by 14.4% during the first quarter. Boston Partners now owns 30,353,133 shares of the industrial products company’s stock worth $383,360,000 after acquiring an additional 3,815,826 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Graphic Packaging by 13.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,956,829 shares of the industrial products company’s stock worth $63,381,000 after purchasing an additional 713,781 shares during the period. Norges Bank bought a new position in shares of Graphic Packaging in the fourth quarter worth $40,465,000. Geode Capital Management LLC increased its holdings in shares of Graphic Packaging by 5.8% in the fourth quarter. Geode Capital Management LLC now owns 2,936,526 shares of the industrial products company’s stock worth $31,244,000 after purchasing an additional 159,835 shares during the period. Finally, Marshall Wace North America L.P. increased its holdings in shares of Graphic Packaging by 104.4% in the first quarter. Marshall Wace North America L.P. now owns 1,812,343 shares of the industrial products company’s stock worth $22,890,000 after purchasing an additional 925,757 shares during the period.

Several research firms have recently weighed in on GPK. Zacks Investment Research raised shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Friday, July 26th. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a report on Wednesday, April 24th. ValuEngine raised shares of Graphic Packaging from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. TheStreet raised shares of Graphic Packaging from a “c+” rating to a “b-” rating in a report on Monday, April 22nd. Finally, UBS Group upped their price target on shares of Graphic Packaging from $12.50 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $16.00.

Shares of Graphic Packaging stock traded down $0.40 during trading on Monday, hitting $14.29. The stock had a trading volume of 76,814 shares, compared to its average volume of 3,970,749. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.33 and a beta of 1.34. Graphic Packaging Holding has a 12 month low of $10.04 and a 12 month high of $15.58. The company’s 50-day moving average price is $14.22. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.70 and a current ratio of 1.70.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Graphic Packaging had a return on equity of 12.94% and a net margin of 4.32%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. On average, sell-side analysts expect that Graphic Packaging Holding will post 0.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 5th. Investors of record on Sunday, September 15th will be paid a $0.075 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.30 dividend on an annualized basis and a yield of 2.10%. Graphic Packaging’s dividend payout ratio is presently 37.04%.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

See Also: Is it Safe to Invest in Commodities?

Want to see what other hedge funds are holding GPK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graphic Packaging Holding (NYSE:GPK).

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

Receive News & Ratings for Graphic Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging and related companies with MarketBeat.com's FREE daily email newsletter.