Graphic Packaging Holding (NYSE:GPK) Shares Bought by Markel Group Inc.

Markel Group Inc. grew its holdings in Graphic Packaging Holding (NYSE:GPK) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 394,725 shares of the industrial products company’s stock after purchasing an additional 60,000 shares during the quarter. Markel Group Inc.’s holdings in Graphic Packaging were worth $11,680,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Keynote Financial Services LLC purchased a new stake in Graphic Packaging in the third quarter valued at $211,000. Advisor Resource Council purchased a new stake in shares of Graphic Packaging during the third quarter worth approximately $328,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Graphic Packaging in the 3rd quarter worth $289,000. QRG Capital Management Inc. lifted its position in Graphic Packaging by 14.5% in the third quarter. QRG Capital Management Inc. now owns 35,331 shares of the industrial products company’s stock valued at $1,045,000 after purchasing an additional 4,466 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Graphic Packaging by 74.6% in the third quarter. Harbor Capital Advisors Inc. now owns 500,312 shares of the industrial products company’s stock valued at $14,804,000 after buying an additional 213,686 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analysts Set New Price Targets

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

Graphic Packaging Trading Up 1.5 %

Shares of GPK opened at $29.49 on Friday. The stock has a market capitalization of $8.85 billion, a P/E ratio of 12.60, a P/E/G ratio of 11.29 and a beta of 0.83. Graphic Packaging Holding has a 1-year low of $21.25 and a 1-year high of $30.70. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The business’s 50-day moving average price is $29.28 and its 200 day moving average price is $28.24.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The firm’s quarterly 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. Analysts expect that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

Insider Activity

In related news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the sale, the executive vice president now owns 81,026 shares in the company, valued at approximately $2,348,943.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

About Graphic Packaging

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.