Curi RMB Capital LLC Sells 8,387 Shares of Graphic Packaging Holding (NYSE:GPK)

Curi RMB Capital LLC reduced its stake in Graphic Packaging Holding (NYSE:GPK) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,783 shares of the industrial products company’s stock after selling 8,387 shares during the period. Curi RMB Capital LLC’s holdings in Graphic Packaging were worth $3,544,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. KBC Group NV lifted its stake in Graphic Packaging by 1.8% in the third quarter. KBC Group NV now owns 26,805 shares of the industrial products company’s stock worth $793,000 after acquiring an additional 465 shares during the period. MQS Management LLC bought a new position in shares of Graphic Packaging in the 3rd quarter worth $454,000. Aptus Capital Advisors LLC lifted its stake in shares of Graphic Packaging by 26.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 169,693 shares of the industrial products company’s stock worth $5,021,000 after purchasing an additional 35,380 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Graphic Packaging in the third quarter valued at about $271,000. Finally, XML Financial LLC raised its holdings in Graphic Packaging by 23.3% in the third quarter. XML Financial LLC now owns 20,410 shares of the industrial products company’s stock worth $604,000 after purchasing an additional 3,860 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analysts Set New Price Targets

GPK has been the topic of a number of analyst reports. Truist Financial downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating and cut their price objective for the stock from $32.00 to $30.00 in a research report on Wednesday, October 30th. Royal Bank of Canada lowered their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Robert W. Baird boosted their target price on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price objective 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Graphic Packaging presently has a consensus rating of “Hold” and a consensus target price of $31.53.

Insider Buying and Selling

In related news, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the sale, the executive vice president now directly owns 81,026 shares of the company’s stock, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Graphic Packaging Stock Down 0.8 %

Graphic Packaging stock opened at $28.39 on Friday. Graphic Packaging Holding has a fifty-two week low of $21.99 and a fifty-two week high of $30.70. The company has a market cap of $8.52 billion, a PE ratio of 12.13, a PEG ratio of 11.13 and a beta of 0.83. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. The business’s 50-day simple moving average is $29.25 and its two-hundred day simple moving average is $28.28.

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

Graphic Packaging 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.