Packaging Corp Of America (NYSE:PKG) was the target of unusually large options trading activity on Monday. Stock investors bought 2,244 call options on the stock. This is an increase of approximately 1,087% compared to the average volume of 189 call options.

Several equities research analysts recently weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of Packaging Corp Of America in a research note on Wednesday, October 18th. Zacks Investment Research lowered shares of Packaging Corp Of America from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Jefferies Group reiterated a “buy” rating and set a $128.00 price objective on shares of Packaging Corp Of America in a research note on Friday, August 18th. Vertical Research reiterated a “buy” rating and set a $124.00 price objective (up previously from $118.00) on shares of Packaging Corp Of America in a research note on Wednesday, August 23rd. Finally, Barclays increased their price objective on shares of Packaging Corp Of America from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $117.36.

In other news, VP Thomas A. Hassfurther sold 6,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $117.94, for a total transaction of $707,640.00. Following the transaction, the vice president now owns 155,071 shares of the company’s stock, valued at $18,289,073.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jason Wayne Moreau purchased 1,326,000 shares of Packaging Corp Of America stock in a transaction dated Thursday, September 14th. The shares were bought at an average cost of $0.06 per share, for a total transaction of $79,560.00. Insiders have sold 73,177 shares of company stock worth $2,135,172 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Packaging Corp Of America by 2.3% in the second quarter. Vanguard Group Inc. now owns 8,430,256 shares of the industrial products company’s stock valued at $939,046,000 after purchasing an additional 191,348 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Packaging Corp Of America by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 4,097,547 shares of the industrial products company’s stock valued at $456,426,000 after purchasing an additional 62,507 shares during the period. State Street Corp increased its stake in shares of Packaging Corp Of America by 1.0% in the second quarter. State Street Corp now owns 3,336,381 shares of the industrial products company’s stock valued at $371,683,000 after purchasing an additional 31,624 shares during the period. Wells Fargo & Company MN increased its stake in shares of Packaging Corp Of America by 4.1% in the second quarter. Wells Fargo & Company MN now owns 2,459,871 shares of the industrial products company’s stock valued at $274,005,000 after purchasing an additional 96,282 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Packaging Corp Of America by 17.9% in the third quarter. First Eagle Investment Management LLC now owns 2,100,096 shares of the industrial products company’s stock valued at $240,839,000 after purchasing an additional 319,452 shares during the period. Institutional investors own 90.24% of the company’s stock.

Shares of Packaging Corp Of America (NYSE PKG) opened at $117.34 on Thursday. Packaging Corp Of America has a 12 month low of $84.01 and a 12 month high of $120.75. The company has a market cap of $11,219.22, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 2.38 and a beta of 1.81. 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 Corp Of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.68 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.01). Packaging Corp Of America had a net margin of 8.18% and a return on equity of 29.38%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business posted $1.30 EPS. Packaging Corp Of America’s revenue for the quarter was up 10.5% compared to the same quarter last year. equities research analysts forecast that Packaging Corp Of America will post 5.99 EPS for the current fiscal year.

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About Packaging Corp 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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