Packaging Corp Of America (PKG) Position Boosted by Ferris Capital LLC

Ferris Capital LLC boosted its holdings in shares of Packaging Corp Of America (NYSE:PKG) by 116.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,003 shares of the industrial products company’s stock after acquiring an additional 7,000 shares during the quarter. Ferris Capital LLC’s holdings in Packaging Corp Of America were worth $1,568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UBS Asset Management Americas Inc. boosted its holdings in Packaging Corp Of America by 2.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 289,947 shares of the industrial products company’s stock valued at $34,953,000 after acquiring an additional 7,504 shares during the period. BlackRock Inc. boosted its holdings in Packaging Corp Of America by 0.8% during the 4th quarter. BlackRock Inc. now owns 10,061,963 shares of the industrial products company’s stock valued at $1,212,968,000 after acquiring an additional 75,165 shares during the period. Rhumbline Advisers boosted its holdings in Packaging Corp Of America by 0.4% during the 4th quarter. Rhumbline Advisers now owns 205,515 shares of the industrial products company’s stock valued at $24,775,000 after acquiring an additional 815 shares during the period. Shell Asset Management Co. purchased a new position in Packaging Corp Of America during the 4th quarter valued at $4,356,000. Finally, Arizona State Retirement System boosted its holdings in Packaging Corp Of America by 22.2% during the 4th quarter. Arizona State Retirement System now owns 43,150 shares of the industrial products company’s stock valued at $5,202,000 after acquiring an additional 7,850 shares during the period. Institutional investors own 88.31% of the company’s stock.

PKG has been the subject of a number of recent analyst reports. Stephens started coverage on Packaging Corp Of America in a report on Tuesday, October 24th. They set an “overweight” rating and a $130.00 price objective for the company. Zacks Investment Research raised Packaging Corp Of America from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine raised Packaging Corp Of America from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Wells Fargo & Co reaffirmed a “market perform” rating and set a $130.00 target price (up from $115.00) on shares of Packaging Corp Of America in a research report on Monday, January 8th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Packaging Corp Of America in a research report on Sunday, October 29th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $128.00.

Shares of Packaging Corp Of America (NYSE PKG) opened at $119.37 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $11,262.56, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.90 and a beta of 1.84. Packaging Corp Of America has a 1 year low of $88.47 and a 1 year high of $131.13.

Packaging Corp Of America (NYSE:PKG) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $1.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.05. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.61 billion. Packaging Corp Of America had a return on equity of 30.48% and a net margin of 10.37%. Packaging Corp Of America’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 EPS. equities research analysts predict that Packaging Corp Of America will post 7.56 earnings per share for the current year.

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Packaging Corp Of America Profile

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

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