Packaging Corporation of America (PKG) has been amidst numerous developments and had a robust performance in recent periods. The company's Q2 2024 hit a 5% sales increase, which continued into Q3 with expectations beaten. Their stocks hit a record high at $245.72 owing to strong growth alongside an impressive Q3 earnings beat. They recorded a rise in sales YoY on higher volumes. Another boost came from the successful price hikes and strategic initiatives making the stocks a strong player in the sector. Jefferies pointed out a possible EBITDA boost for PKG particularly. State Street Corp has acquired a significant stake in PKG, which holds promise for the future. However, the stock has underperformed compared to competitors on several occasions. Internally, various significant executives including SVP Vaughn Joseph and CEO Mark Kowlzan have sold substantial amounts of their stake in the company. This is contrasted by Dakota Wealth Management and Avanza Fonder AB buying significant shares in PKG. As a standout player in the packaging industry, PKG has delivered a 138% gain to investors over the past five years.
Packaging Corp of America PKG News Analytics from Sun, 16 Aug 2015 06:33:32 GMT to Sat, 25 Jan 2025 13:57:03 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor -6
