Dean Investment Associates LLC Has $301,000 Stock Position in Packaging Co. of America (NYSE:PKG)

Dean Investment Associates LLC reduced its position in Packaging Co. of America (NYSE:PKG - Free Report) by 93.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,396 shares of the industrial products company's stock after selling 18,471 shares during the quarter. Dean Investment Associates LLC's holdings in Packaging Co. of America were worth $301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PKG. Asset Dedication LLC raised its position in Packaging Co. of America by 200.0% during the second quarter. Asset Dedication LLC now owns 168 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 112 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Packaging Co. of America during the 3rd quarter worth $32,000. Tortoise Investment Management LLC acquired a new stake in Packaging Co. of America in the second quarter valued at about $33,000. Larson Financial Group LLC boosted its stake in Packaging Co. of America by 234.7% in the third quarter. Larson Financial Group LLC now owns 164 shares of the industrial products company's stock valued at $35,000 after buying an additional 115 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in Packaging Co. of America in the second quarter valued at about $50,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Packaging Co. of America

In other news, CFO Robert P. Mundy sold 12,500 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $240.62, for a total value of $3,007,750.00. Following the transaction, the chief financial officer now directly owns 43,954 shares of the company's stock, valued at $10,576,211.48. The trade was a 22.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul T. Stecko sold 10,500 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $244.91, for a total value of $2,571,555.00. Following the sale, the director now owns 8,881 shares in the company, valued at approximately $2,175,045.71. The trade was a 54.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,300 shares of company stock worth $8,064,152. Company insiders own 1.60% of the company's stock.

Packaging Co. of America Trading Down 1.3 %

NYSE PKG traded down $3.15 on Monday, reaching $239.71. The company had a trading volume of 661,917 shares, compared to its average volume of 602,107. The firm has a market cap of $21.53 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 3.41 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 business has a 50 day moving average of $231.61 and a two-hundred day moving average of $207.55. 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 issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.50 by $0.15. Packaging Co. of America had a return on equity of 19.10% and a net margin of 9.46%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the company earned $2.05 earnings per share. The firm's revenue was up 14.9% compared to the same quarter last year. Analysts forecast that Packaging Co. of America will post 9.07 EPS for the current year.

Analysts Set New Price Targets

PKG has been the topic of several research reports. StockNews.com raised shares of Packaging Co. of America from a "hold" rating to a "buy" rating in a report on Tuesday, December 3rd. Truist Financial reaffirmed a "buy" rating and set a $252.00 target price (up previously from $242.00) on shares of Packaging Co. of America in a research note on Thursday, October 24th. Citigroup increased their price target 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 boosted their price objective on Packaging Co. of America from $235.00 to $253.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $221.60.

About Packaging Co. of America

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.