Harbor Capital Advisors Inc. Buys 66,119 Shares of Graphic Packaging Holding Company $GPK

Harbor Capital Advisors Inc. boosted its stake in Graphic Packaging Holding Company (NYSE:GPK) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,462 shares of the industrial products company’s stock after acquiring an additional 66,119 shares during the quarter. Harbor Capital Advisors Inc. owned 0.07% of Graphic Packaging worth $2,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Burns Matteson Capital Management LLC acquired a new stake in shares of Graphic Packaging in the 4th quarter valued at about $535,000. Allspring Global Investments Holdings LLC boosted its position in shares of Graphic Packaging by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 19,512,601 shares of the industrial products company’s stock worth $295,616,000 after buying an additional 373,624 shares during the period. A. D. Beadell Investment Counsel Inc. grew its holdings in shares of Graphic Packaging by 24.5% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 46,365 shares of the industrial products company’s stock worth $698,000 after buying an additional 9,135 shares in the last quarter. Salem Investment Counselors Inc. raised its position in Graphic Packaging by 50.5% in the 4th quarter. Salem Investment Counselors Inc. now owns 47,859 shares of the industrial products company’s stock valued at $726,000 after buying an additional 16,060 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Graphic Packaging by 673.5% in the 4th quarter. SG Americas Securities LLC now owns 165,245 shares of the industrial products company’s stock valued at $2,489,000 after buying an additional 143,882 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GPK has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price target on Graphic Packaging from $11.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, March 20th. Citigroup cut their price objective on shares of Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Robert W. Baird set a $15.00 target price on shares of Graphic Packaging in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Graphic Packaging in a research report on Wednesday. They issued a “hold” rating and a $9.60 target price for the company. Finally, UBS Group lowered their price target on shares of Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. Nine equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $15.29.

Graphic Packaging Stock Up 0.1%

NYSE:GPK opened at $9.69 on Friday. Graphic Packaging Holding Company has a twelve month low of $8.78 and a twelve month high of $26.36. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 6.54 and a beta of 0.69. The company has a quick ratio of 0.52, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The stock’s 50 day moving average price is $11.58 and its two-hundred day moving average price is $14.85.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Monday, March 2nd. The industrial products company reported $0.24 EPS for the quarter. The company had revenue of $2.10 billion during the quarter. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%. Equities research analysts expect that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Sunday, March 15th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, March 13th. Graphic Packaging’s dividend payout ratio (DPR) is 29.73%.

Insider Activity at Graphic Packaging

In other news, CEO Robbert Rietbroek acquired 44,278 shares of the stock in a transaction dated Wednesday, March 4th. The shares were bought at an average cost of $11.32 per share, for a total transaction of $501,226.96. Following the purchase, the chief executive officer directly owned 44,278 shares of the company’s stock, valued at approximately $501,226.96. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.41% of the stock is currently owned by company insiders.

Graphic Packaging Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.