Robecosam AG Buys 2,657 Shares of Packaging Corp Of America (NYSE:PKG)

Robecosam AG lifted its stake in Packaging Corp Of America (NYSE:PKG) by 29.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,817 shares of the industrial products company’s stock after acquiring an additional 2,657 shares during the quarter. Robecosam AG’s holdings in Packaging Corp Of America were worth $1,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Citizens Financial Group Inc RI bought a new stake in shares of Packaging Corp Of America in the first quarter worth approximately $32,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Packaging Corp Of America in the second quarter worth approximately $35,000. Horan Capital Advisors LLC. bought a new stake in shares of Packaging Corp Of America in the first quarter worth approximately $41,000. Cullen Frost Bankers Inc. bought a new stake in shares of Packaging Corp Of America in the first quarter worth approximately $52,000. Finally, Zions Bancorporation N.A. bought a new stake in shares of Packaging Corp Of America in the first quarter worth approximately $66,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

NYSE PKG traded down $1.03 during trading hours on Wednesday, hitting $100.47. 15,097 shares of the company’s stock traded hands, compared to its average volume of 966,808. The stock has a fifty day simple moving average of $99.49. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.29 and a quick ratio of 2.18. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 2.60 and a beta of 1.71. Packaging Corp Of America has a 52 week low of $77.90 and a 52 week high of $118.88.

Packaging Corp Of America (NYSE:PKG) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.04. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.78 billion. Packaging Corp Of America had a net margin of 11.23% and a return on equity of 29.23%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.08 earnings per share. As a group, equities analysts predict that Packaging Corp Of America will post 7.79 earnings per share for the current fiscal year.

In other Packaging Corp Of America news, SVP Thomas W.H. Walton sold 6,000 shares of Packaging Corp Of America stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $100.17, for a total transaction of $601,020.00. Following the transaction, the senior vice president now owns 34,118 shares of the company’s stock, valued at $3,417,600.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donald R. Shirley sold 5,000 shares of Packaging Corp Of America stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $101.48, for a total transaction of $507,400.00. Following the transaction, the senior vice president now directly owns 12,790 shares in the company, valued at approximately $1,297,929.20. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

A number of analysts have recently commented on PKG shares. KeyCorp lowered shares of Packaging Corp Of America from a “sector weight” rating to an “underweight” rating and set a $89.00 price target for the company. in a research note on Monday, July 15th. UBS Group set a $106.00 price target on shares of Packaging Corp Of America and gave the stock a “buy” rating in a research note on Monday, June 24th. Stephens lowered shares of Packaging Corp Of America from an “overweight” rating to an “equal weight” rating and set a $100.00 price target for the company. in a research note on Friday, April 26th. Bank of America lowered shares of Packaging Corp Of America from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. Finally, ValuEngine upgraded shares of Packaging Corp Of America from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $100.09.

Packaging Corp Of America Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various 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.

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Institutional Ownership by Quarter for Packaging Corp Of America (NYSE:PKG)

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