Chicago Equity Partners LLC lowered its holdings in shares of Packaging Corp Of America (NYSE:PKG) by 94.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,195 shares of the industrial products company’s stock after selling 52,685 shares during the quarter. Chicago Equity Partners LLC’s holdings in Packaging Corp Of America were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. acquired a new stake in Packaging Corp Of America during the 3rd quarter worth $14,544,000. First Eagle Investment Management LLC boosted its stake in Packaging Corp Of America by 17.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,100,096 shares of the industrial products company’s stock worth $240,839,000 after purchasing an additional 319,452 shares during the period. Morse Asset Management Inc boosted its stake in Packaging Corp Of America by 20.3% during the 3rd quarter. Morse Asset Management Inc now owns 5,922 shares of the industrial products company’s stock worth $679,000 after purchasing an additional 1,000 shares during the period. American Century Companies Inc. boosted its stake in Packaging Corp Of America by 23.8% during the 3rd quarter. American Century Companies Inc. now owns 665,822 shares of the industrial products company’s stock worth $76,356,000 after purchasing an additional 127,944 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Packaging Corp Of America by 17.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 182,408 shares of the industrial products company’s stock worth $20,919,000 after purchasing an additional 27,120 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Shares of Packaging Corp Of America (NYSE PKG) opened at $113.76 on Monday. Packaging Corp Of America has a 52 week low of $88.47 and a 52 week high of $131.13. The company has a market cap of $10,730.00, a price-to-earnings ratio of 16.07, a PEG ratio of 1.81 and a beta of 1.84. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 1.30.

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

Several research firms have recently commented on PKG. ValuEngine upgraded shares of Packaging Corp Of America from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Wells Fargo & Co upgraded shares of Packaging Corp Of America from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 31st. Zacks Investment Research cut shares of Packaging Corp Of America from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Stephens began coverage on shares of Packaging Corp Of America in a research note on Tuesday, October 24th. They issued an “overweight” rating and a $130.00 target price for the company. Finally, Bank of America raised their target price 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $127.17.

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Packaging Corp Of America Company 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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