Weil Company Inc. Raises Position in Ranpak Holdings Corp. (NYSE:PACK)

Weil Company Inc. raised its holdings in shares of Ranpak Holdings Corp. (NYSE:PACK) by 117.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 39,299 shares of the company’s stock after acquiring an additional 21,245 shares during the period. Weil Company Inc.’s holdings in Ranpak were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PACK. Vanguard Group Inc. grew its holdings in shares of Ranpak by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,333,187 shares of the company’s stock worth $18,362,000 after purchasing an additional 25,073 shares in the last quarter. G2 Investment Partners Management LLC grew its stake in Ranpak by 102.5% in the 4th quarter. G2 Investment Partners Management LLC now owns 1,863,540 shares of the company’s stock worth $10,846,000 after buying an additional 943,210 shares in the last quarter. Roubaix Capital LLC increased its holdings in shares of Ranpak by 188.8% in the 1st quarter. Roubaix Capital LLC now owns 714,592 shares of the company’s stock worth $5,624,000 after buying an additional 467,179 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Ranpak by 4.8% during the 1st quarter. Russell Investments Group Ltd. now owns 321,430 shares of the company’s stock valued at $2,530,000 after buying an additional 14,833 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Ranpak by 50.5% during the 1st quarter. Empowered Funds LLC now owns 270,545 shares of the company’s stock valued at $2,129,000 after buying an additional 90,773 shares in the last quarter. 85.94% of the stock is currently owned by institutional investors.

Ranpak Stock Performance

NYSE PACK opened at $6.33 on Friday. The firm has a market cap of $526.78 million, a price-to-earnings ratio of -22.61 and a beta of 2.37. The company has a 50-day simple moving average of $7.04 and a two-hundred day simple moving average of $6.69. The company has a quick ratio of 2.07, a current ratio of 2.52 and a debt-to-equity ratio of 0.69. Ranpak Holdings Corp. has a 12-month low of $2.63 and a 12-month high of $9.04.

Ranpak (NYSE:PACK) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.13. Ranpak had a negative return on equity of 2.67% and a negative net margin of 4.41%. The business had revenue of $86.40 million for the quarter, compared to analyst estimates of $87.67 million. During the same period last year, the company earned ($0.03) EPS. Ranpak’s revenue for the quarter was up 5.5% compared to the same quarter last year.

Wall Street Analyst Weigh In

PACK has been the topic of a number of research analyst reports. Robert W. Baird cut Ranpak from an “outperform” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Wednesday, August 14th. Baird R W cut Ranpak from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $10.00 target price on shares of Ranpak in a research note on Thursday, June 20th.

Ranpak Company Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.