Bahl & Gaynor Inc. boosted its Packaging Co. of America stake by 16.7% and Q2 earnings exceeded estimates at $2.20 per share.

Bahl & Gaynor Inc. increased its stake in Packaging Co. of America (NYSE: PKG) by 16.7%, owning 181,783 shares valued at $33.18 million. Institutional investors hold 89.78% of PKG. The company reported Q2 earnings of $2.20 per share, surpassing estimates, with revenue at $2.08 billion. Analysts' ratings vary, with some raising price targets. A quarterly dividend of $1.25 will be paid on September 16th.

September 11, 2024
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