Dynamic Advisor Solutions LLC Buys 272 Shares of Packaging Co. of America (NYSE:PKG)

Dynamic Advisor Solutions LLC raised its stake in Packaging Co. of America (NYSE:PKG) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,771 shares of the industrial products company’s stock after purchasing an additional 272 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Packaging Co. of America were worth $871,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Register Financial Advisors LLC bought a new position in Packaging Co. of America in the first quarter valued at approximately $25,000. Neo Ivy Capital Management acquired a new position in shares of Packaging Co. of America during the 4th quarter worth approximately $28,000. First Horizon Advisors Inc. increased its holdings in shares of Packaging Co. of America by 60.5% during the 4th quarter. First Horizon Advisors Inc. now owns 183 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 69 shares during the last quarter. Gables Capital Management Inc. acquired a new position in shares of Packaging Co. of America during the 4th quarter worth approximately $31,000. Finally, Headlands Technologies LLC acquired a new position in shares of Packaging Co. of America during the 1st quarter worth approximately $43,000. 89.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PKG shares. Citigroup boosted their target price on Packaging Co. of America from $181.00 to $187.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. StockNews.com downgraded shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America raised their price objective on shares of Packaging Co. of America from $197.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 17th. Wells Fargo & Company raised their price target on shares of Packaging Co. of America from $194.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Finally, Truist Financial raised their price objective on shares of Packaging Co. of America from $215.00 to $219.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $190.50.

Packaging Co. of America Trading Up 0.5 %

PKG stock traded up $0.96 during midday trading on Tuesday, hitting $194.29. The company had a trading volume of 7,805 shares, compared to its average volume of 619,790. The company has a current ratio of 2.46, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. Packaging Co. of America has a 52 week low of $143.82 and a 52 week high of $201.99. The stock’s 50 day moving average price is $187.74 and its 200 day moving average price is $181.86. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 5.14 and a beta of 0.77.

Packaging Co. of America (NYSE:PKG) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.06. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.02 billion. Packaging Co. of America had a return on equity of 18.39% and a net margin of 9.06%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 earnings per share. As a group, equities research analysts expect that Packaging Co. of America will post 8.62 earnings per share for the current fiscal year.

Insider Transactions at Packaging Co. of America

In related news, EVP Charles J. Carter sold 5,389 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $196.28, for a total transaction of $1,057,752.92. Following the sale, the executive vice president now directly owns 25,539 shares of the company’s stock, valued at $5,012,794.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Charles J. Carter sold 5,389 shares of Packaging Co. of America stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $196.28, for a total transaction of $1,057,752.92. Following the sale, the executive vice president now owns 25,539 shares of the company’s stock, valued at approximately $5,012,794.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donald R. Shirley sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $196.28, for a total value of $1,177,680.00. Following the transaction, the senior vice president now owns 20,772 shares of the company’s stock, valued at approximately $4,077,128.16. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

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.