Packaging Co. of America (NYSE:PKG) Stock Holdings Lifted by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its holdings in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 1,577.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,147 shares of the industrial products company's stock after buying an additional 31,171 shares during the period. Benjamin Edwards Inc.'s holdings in Packaging Co. of America were worth $7,141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PKG. Point72 Hong Kong Ltd acquired a new stake in shares of Packaging Co. of America during the 3rd quarter worth approximately $784,000. Erste Asset Management GmbH acquired a new stake in Packaging Co. of America in the third quarter worth $6,493,000. Edgestream Partners L.P. boosted its holdings in shares of Packaging Co. of America by 156.4% during the third quarter. Edgestream Partners L.P. now owns 24,608 shares of the industrial products company's stock valued at $5,301,000 after acquiring an additional 15,009 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Packaging Co. of America by 119.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 50,758 shares of the industrial products company's stock worth $10,933,000 after acquiring an additional 27,637 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Packaging Co. of America by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 19,631 shares of the industrial products company's stock worth $4,229,000 after acquiring an additional 227 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PKG. Truist Financial reissued a "buy" rating and set a $252.00 target price (up from $242.00) on shares of Packaging Co. of America in a research note on Thursday, October 24th. StockNews.com lowered Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Citigroup lifted their target price on Packaging Co. of America from $199.00 to $221.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price target on Packaging Co. of America from $235.00 to $253.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $221.60.

Packaging Co. of America Price Performance

Shares of Packaging Co. of America stock traded up $0.03 during trading on Tuesday, hitting $244.83. The stock had a trading volume of 128,510 shares, compared to its average volume of 599,044. The business has a fifty day moving average of $228.82 and a two-hundred day moving average of $205.39. The firm has a market cap of $21.99 billion, a P/E ratio of 28.39, a PEG ratio of 3.49 and a beta of 0.77. Packaging Co. of America has a fifty-two week low of $159.57 and a fifty-two week high of $250.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.15. Packaging Co. of America had a net margin of 9.46% and a return on equity of 19.10%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $2.05 EPS. The business's revenue for the quarter was up 14.9% on a year-over-year basis. On average, sell-side analysts expect that Packaging Co. of America will post 9.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Packaging Co. of America

In other Packaging Co. of America news, Director Paul T. Stecko sold 10,500 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $244.91, for a total transaction of $2,571,555.00. Following the sale, the director now directly owns 8,881 shares of the company's stock, valued at $2,175,045.71. The trade was a 54.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Donald R. Shirley sold 8,000 shares of Packaging Co. of America stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $240.20, for a total value of $1,921,600.00. Following the transaction, the senior vice president now owns 15,725 shares in the company, valued at $3,777,145. This represents a 33.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,000 shares of company stock valued at $7,500,905. Corporate insiders own 1.70% of the company's stock.

Packaging Co. of America Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.