Barclays PLC raised its position in Graphic Packaging Holding (NYSE:GPK – Get Rating) by 181.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,227 shares of the industrial products company's stock after purchasing an additional 81,397 shares during the period. Barclays PLC's holdings in Graphic Packaging were worth $2,491,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPK. First Horizon Advisors Inc. lifted its holdings in shares of Graphic Packaging by 3,761.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,313 shares of the industrial products company's stock worth $27,000 after acquiring an additional 1,279 shares during the period. Wipfli Financial Advisors LLC purchased a new position in shares of Graphic Packaging during the 3rd quarter worth about $29,000. Assetmark Inc. lifted its holdings in shares of Graphic Packaging by 79.1% during the 2nd quarter. Assetmark Inc. now owns 1,641 shares of the industrial products company's stock worth $34,000 after acquiring an additional 725 shares during the period. Arlington Partners LLC purchased a new position in shares of Graphic Packaging during the 2nd quarter worth about $66,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Graphic Packaging during the 3rd quarter worth approximately $82,000. 94.47% of the stock is currently owned by hedge funds and other institutional investors.
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Analyst Upgrades and Downgrades
GPK has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on shares of Graphic Packaging from $30.00 to $31.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 26th. Bank of America lowered their price objective on shares of Graphic Packaging from $27.00 to $25.00 in a research report on Thursday, October 13th. Raymond James increased their price objective on shares of Graphic Packaging from $26.00 to $27.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Graphic Packaging from $27.00 to $28.00 in a research report on Thursday, October 27th. Finally, StockNews.com initiated coverage on shares of Graphic Packaging in a research report on Wednesday, October 12th. They issued a "hold" rating for the company. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $27.75.
Graphic Packaging Stock Performance
Shares of GPK opened at $23.76 on Thursday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.30 and a quick ratio of 0.53. The stock has a market capitalization of $7.30 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. Graphic Packaging Holding has a 12-month low of $18.25 and a 12-month high of $24.20. The business's fifty day moving average price is $22.46 and its 200 day moving average price is $22.17.
Graphic Packaging Company Profile
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Graphic Packaging Holding Co engages in the provision of paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. The firm produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other.
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