Candriam Luxembourg S.C.A. boosted its holdings in Packaging Corporation of America (NYSE:PKG) by 777.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,313 shares of the industrial products company’s stock after purchasing an additional 33,947 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Packaging Corporation of America were worth $4,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in Packaging Corporation of America by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,158 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Packaging Corporation of America by 84.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,451 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 665 shares during the last quarter. Creative Planning increased its stake in Packaging Corporation of America by 7.9% in the second quarter. Creative Planning now owns 1,686 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 123 shares during the last quarter. Atria Investments LLC acquired a new position in Packaging Corporation of America in the second quarter valued at $200,000. Finally, Perpetual Ltd acquired a new position in Packaging Corporation of America in the second quarter valued at $201,000. Hedge funds and other institutional investors own 88.02% of the company’s stock.

Several research firms recently commented on PKG. BMO Capital Markets reiterated a “buy” rating and issued a $118.00 target price on shares of Packaging Corporation of America in a research note on Friday, August 4th. BidaskClub upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. KeyCorp reiterated a “hold” rating on shares of Packaging Corporation of America in a research note on Wednesday, October 18th. Zacks Investment Research lowered Packaging Corporation of America from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $128.00 target price on shares of Packaging Corporation of America in a research note on Friday, August 18th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $117.36.

Shares of Packaging Corporation of America (NYSE PKG) opened at $112.36 on Tuesday. Packaging Corporation of America has a 1 year low of $83.14 and a 1 year high of $120.75. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.49 and a current ratio of 2.45. The stock has a market capitalization of $10,404.03, a PE ratio of 19.35, a price-to-earnings-growth ratio of 2.21 and a beta of 1.82.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $1.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.01). Packaging Corporation of America had a return on equity of 29.38% and a net margin of 8.18%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the company earned $1.30 EPS. Packaging Corporation of America’s quarterly revenue was up 10.5% on a year-over-year basis. equities research analysts forecast that Packaging Corporation of America will post 5.99 EPS for the current year.

In other news, SVP Thomas W.H. Walton sold 6,027 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $116.15, for a total value of $700,036.05. Following the completion of the sale, the senior vice president now owns 32,690 shares of the company’s stock, valued at $3,796,943.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas A. Hassfurther sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $117.94, for a total value of $707,640.00. Following the completion of the sale, the vice president now directly owns 155,071 shares of the company’s stock, valued at approximately $18,289,073.74. The disclosure for this sale can be found here. Insiders sold 18,177 shares of company stock valued at $2,127,472 in the last ninety days. Company insiders own 1.20% of the company’s stock.

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Packaging Corporation of America Company Profile

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

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Institutional Ownership by Quarter for Packaging Corporation of America (NYSE:PKG)

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