SG Americas Securities LLC cut its position in shares of Packaging Corporation of America (NYSE:PKG) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,515 shares of the industrial products company’s stock after selling 1,660 shares during the quarter. SG Americas Securities LLC’s holdings in Packaging Corporation of America were worth $4,073,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PKG. Janus Henderson Group PLC grew its position in Packaging Corporation of America by 6,234.6% during the second quarter. Janus Henderson Group PLC now owns 597,731 shares of the industrial products company’s stock worth $66,587,000 after buying an additional 588,295 shares in the last quarter. American Century Companies Inc. acquired a new stake in Packaging Corporation of America during the second quarter worth about $59,914,000. APG Asset Management N.V. grew its position in Packaging Corporation of America by 76.4% during the third quarter. APG Asset Management N.V. now owns 974,228 shares of the industrial products company’s stock worth $111,724,000 after buying an additional 422,100 shares in the last quarter. FMR LLC grew its position in Packaging Corporation of America by 41.9% during the second quarter. FMR LLC now owns 1,381,644 shares of the industrial products company’s stock worth $153,902,000 after buying an additional 407,702 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Packaging Corporation of America by 34.7% during the second quarter. Principal Financial Group Inc. now owns 1,298,086 shares of the industrial products company’s stock worth $144,594,000 after buying an additional 334,701 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America (PKG) traded up $0.60 during mid-day trading on Monday, reaching $112.47. 447,100 shares of the company traded hands, compared to its average volume of 900,226. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 1.30. Packaging Corporation of America has a 1 year low of $84.01 and a 1 year high of $120.75. The company has a market cap of $10,610.00, a PE ratio of 19.73, a PEG ratio of 2.25 and a beta of 1.82.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.68 earnings per share for the quarter, missing the 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 the consensus estimate of $1.64 billion. During the same quarter last year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. equities research analysts anticipate that Packaging Corporation of America will post 5.99 earnings per share for the current year.

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A number of equities research analysts have weighed in on the company. Stephens assumed coverage on Packaging Corporation of America in a report on Tuesday, October 24th. They set an “overweight” rating and a $130.00 price objective on the stock. Zacks Investment Research raised Packaging Corporation of America from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a report on Thursday, October 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $120.00 price objective (up from $94.00) on shares of Packaging Corporation of America in a report on Monday, October 9th. KeyCorp reaffirmed a “hold” rating on shares of Packaging Corporation of America in a report on Wednesday, October 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $122.00 price objective (up from $118.00) on shares of Packaging Corporation of America in a report on Tuesday, August 22nd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Packaging Corporation of America currently has an average rating of “Hold” and an average target price of $117.36.

In other Packaging Corporation of America news, Director Jason Wayne Moreau bought 1,326,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was bought at an average price of $0.06 per share, for a total transaction of $79,560.00. Also, VP Thomas A. Hassfurther sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $117.94, for a total transaction of $707,640.00. Following the sale, the vice president now 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 a total of 43,177 shares of company stock valued at $2,129,972 in the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

About Packaging Corporation of America

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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