Bahl & Gaynor Inc. Raises Stock Holdings in Packaging Co. of America (NYSE:PKG)

Bahl & Gaynor Inc. lifted its holdings in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,834 shares of the industrial products company's stock after purchasing an additional 27,924 shares during the quarter. Bahl & Gaynor Inc. owned 0.25% of Packaging Co. of America worth $50,842,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PKG. Larson Financial Group LLC grew its stake in Packaging Co. of America by 234.7% in the 3rd quarter. Larson Financial Group LLC now owns 164 shares of the industrial products company's stock worth $35,000 after buying an additional 115 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of Packaging Co. of America by 150.8% during the 4th quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company's stock valued at $37,000 after buying an additional 98 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in Packaging Co. of America in the fourth quarter worth $44,000. Golden State Wealth Management LLC bought a new position in Packaging Co. of America in the fourth quarter valued at $48,000. Finally, Assetmark Inc. raised its position in Packaging Co. of America by 44.6% during the third quarter. Assetmark Inc. now owns 269 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 83 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Packaging Co. of America Trading Up 1.5 %

Shares of Packaging Co. of America stock traded up $3.02 on Friday, hitting $206.82. The stock had a trading volume of 805,510 shares, compared to its average volume of 922,289. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a one year low of $169.00 and a one year high of $250.82. The stock's 50-day simple moving average is $220.32 and its two-hundred day simple moving average is $222.69. The stock has a market cap of $18.57 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.41 and a beta of 0.77.

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Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($0.04). Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. As a group, sell-side analysts predict that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, March 14th. Packaging Co. of America's dividend payout ratio (DPR) is currently 55.99%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PKG shares. Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Jefferies Financial Group raised Packaging Co. of America from a "hold" rating to a "buy" rating and upped their target price for the stock from $215.00 to $280.00 in a research note on Wednesday, December 18th. Truist Financial reissued a "buy" rating and set a $265.00 price target (down from $282.00) on shares of Packaging Co. of America in a research note on Thursday, January 30th. StockNews.com upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Wells Fargo & Company reduced their target price on shares of Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $233.00.

Packaging Co. of America Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.