Claraphi Advisory Network LLC Purchases Shares of 2,257 Packaging Corp Of America (PKG)

Claraphi Advisory Network LLC purchased a new stake in Packaging Corp Of America (NYSE:PKG) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,257 shares of the industrial products company’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PKG. Janus Henderson Group PLC raised its stake in shares of Packaging Corp Of America by 6,234.6% in the 2nd quarter. Janus Henderson Group PLC now owns 597,731 shares of the industrial products company’s stock valued at $66,587,000 after acquiring an additional 588,295 shares during the period. State Street Corp raised its stake in shares of Packaging Corp Of America by 1.0% in the 2nd quarter. State Street Corp now owns 3,336,381 shares of the industrial products company’s stock valued at $371,683,000 after acquiring an additional 31,624 shares during the period. Caxton Associates LP purchased a new position in shares of Packaging Corp Of America in the 2nd quarter valued at $590,000. Simmons Bank purchased a new position in shares of Packaging Corp Of America in the 2nd quarter valued at $211,000. Finally, Coldstream Capital Management Inc. raised its stake in shares of Packaging Corp Of America by 7.7% in the 2nd quarter. Coldstream Capital Management Inc. now owns 2,824 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 201 shares during the period. Institutional investors own 88.31% of the company’s stock.

A number of brokerages have recently commented on PKG. Barclays raised their target price on shares of Packaging Corp Of America from $110.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday. DA Davidson raised shares of Packaging Corp Of America from a “neutral” rating to a “buy” rating in a research note on Monday. KeyCorp reissued a “hold” rating on shares of Packaging Corp Of America in a research note on Friday, February 2nd. Bank of America lifted their price target on shares of Packaging Corp Of America from $134.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Co lifted their price target on shares of Packaging Corp Of America from $130.00 to $150.00 and gave the stock a “market perform” rating in a research note on Thursday, February 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Packaging Corp Of America currently has a consensus rating of “Buy” and a consensus price target of $128.00.

Packaging Corp Of America (PKG) traded down $1.23 on Wednesday, hitting $114.80. 219,139 shares of the stock traded hands, compared to its average volume of 862,408. The company has a market cap of $11,009.76, a P/E ratio of 16.41, a P/E/G ratio of 1.85 and a beta of 1.84. Packaging Corp Of America has a one year low of $88.47 and a one year high of $131.13. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.45 and a quick ratio of 1.49.

Packaging Corp Of America (NYSE:PKG) last released its earnings results on Tuesday, January 30th. The industrial products company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.05. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.61 billion. Packaging Corp Of America had a net margin of 10.37% and a return on equity of 30.48%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 EPS. sell-side analysts expect 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.

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

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