2,300 Shares in Packaging Co. of America (NYSE:PKG) Purchased by De Lisle Partners LLP

De Lisle Partners LLP bought a new stake in shares of Packaging Co. of America (NYSE:PKG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,300 shares of the industrial products company’s stock, valued at approximately $495,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CreativeOne Wealth LLC lifted its holdings in Packaging Co. of America by 91.1% in the 3rd quarter. CreativeOne Wealth LLC now owns 3,774 shares of the industrial products company’s stock worth $813,000 after purchasing an additional 1,799 shares during the last quarter. Townsquare Capital LLC grew its position in Packaging Co. of America by 7.8% in the 3rd quarter. Townsquare Capital LLC now owns 2,791 shares of the industrial products company’s stock worth $601,000 after purchasing an additional 201 shares during the last quarter. BNP Paribas Financial Markets grew its position in Packaging Co. of America by 24.2% during the third quarter. BNP Paribas Financial Markets now owns 121,641 shares of the industrial products company’s stock worth $26,201,000 after buying an additional 23,683 shares in the last quarter. Brooklyn Investment Group bought a new position in Packaging Co. of America during the third quarter valued at about $64,000. Finally, FMR LLC lifted its position in shares of Packaging Co. of America by 3.4% in the 3rd quarter. FMR LLC now owns 1,076,350 shares of the industrial products company’s stock worth $231,846,000 after acquiring an additional 35,827 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Co. of America Stock Down 0.4 %

NYSE:PKG opened at $247.03 on Friday. The firm has a market capitalization of $22.19 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 3.47 and a beta of 0.76. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average price is $226.87 and its two-hundred day moving average price is $203.86. Packaging Co. of America has a twelve month low of $156.87 and a twelve month high of $250.82.

Packaging Co. of America (NYSE:PKG) 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. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Packaging Co. of America had a return on equity of 19.10% and a net margin of 9.46%. The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. Equities research analysts expect that Packaging Co. of America will post 9.07 earnings per share for the current fiscal year.

Insider Activity at Packaging Co. of America

In other Packaging Co. of America news, Director Paul T. Stecko sold 10,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robert P. Mundy sold 12,500 shares of Packaging Co. of America stock in a transaction on Friday, November 8th. The stock was sold at an average price of $240.62, for a total transaction 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. This represents a 22.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,000 shares of company stock valued at $7,500,905 over the last ninety days. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Packaging Co. of America from $199.00 to $221.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company boosted their target price on shares of 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. StockNews.com cut shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Truist Financial reiterated a “buy” rating and issued a $252.00 price target (up previously from $242.00) on shares of Packaging Co. of America in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” 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.