First Eagle Investment Management LLC grew its holdings in Packaging Corporation of America (NYSE:PKG) by 17.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,100,096 shares of the company’s stock after purchasing an additional 319,452 shares during the period. First Eagle Investment Management LLC owned about 2.23% of Packaging Corporation of America worth $240,839,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PKG. Toronto Dominion Bank increased its holdings in shares of Packaging Corporation of America by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,158 shares of the company’s stock worth $129,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Packaging Corporation of America by 84.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,451 shares of the company’s stock worth $161,000 after purchasing an additional 665 shares in the last quarter. Creative Planning increased its holdings in shares of Packaging Corporation of America by 7.9% in the 2nd quarter. Creative Planning now owns 1,686 shares of the company’s stock worth $188,000 after purchasing an additional 123 shares in the last quarter. Atria Investments LLC bought a new stake in shares of Packaging Corporation of America in the 2nd quarter worth $200,000. Finally, Perpetual Ltd bought a new stake in shares of Packaging Corporation of America in the second quarter worth $201,000. 88.02% of the stock is owned by institutional investors and hedge funds.

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Packaging Corporation of America (PKG) traded up C$1.04 during trading hours on Monday, hitting C$110.27. The company had a trading volume of 913,600 shares, compared to its average volume of 905,780. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $10,404.03, a P/E ratio of 19.35, a P/E/G ratio of 2.21 and a beta of 1.82. Packaging Corporation of America has a 12 month low of C$81.55 and a 12 month high of C$120.75.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, October 25th. The company reported C$1.68 EPS for the quarter, missing analysts’ consensus estimates of C$1.69 by C($0.01). The firm had revenue of C$1.64 billion during the quarter, compared to analysts’ expectations of C$1.64 billion. Packaging Corporation of America had a return on equity of 29.38% and a net margin of 8.18%. Packaging Corporation of America’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 earnings per share. equities research analysts predict that Packaging Corporation of America will post 5.99 earnings per share for the current year.

Several analysts recently commented on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Packaging Corporation of America in a report on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and set a $128.00 price target on shares of Packaging Corporation of America in a report on Friday, August 18th. Barclays PLC boosted their price target on Packaging Corporation of America from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, October 30th. BidaskClub raised Packaging Corporation of America from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, KeyCorp reissued a “hold” rating on shares of Packaging Corporation of America in a report on Sunday, October 29th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Packaging Corporation of America currently has an average rating of “Hold” and an average price target of C$117.36.

In other Packaging Corporation of America news, SVP Charles J. Carter sold 6,150 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of C$117.04, for a total transaction of C$719,796.00. Following the sale, the senior vice president now directly owns 24,265 shares in the company, valued at C$2,839,975.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Thomas W.H. Walton sold 6,027 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of C$116.15, for a total value of C$700,036.05. Following the sale, the senior vice president now owns 32,690 shares in the company, valued at C$3,796,943.50. The disclosure for this sale can be found here. Insiders sold 18,177 shares of company stock worth $2,127,472 over the last quarter. 1.20% of the stock is owned by company insiders.

About Packaging Corporation 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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Institutional Ownership by Quarter for Packaging Corporation of America (NYSE:PKG)

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