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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.
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Bahl & Gaynor Inc. aumentó su participación en Packaging Co. of America en un 16,7% y las ganancias de Q2 superaron las estimaciones en $2,20 por acción.