Nykredit A/S acquires stake in Packaging Corporation of America

Nykredit A/S acquired a new position in Packaging Corporation of America during the second quarter. The institutional investor purchased 21,477 shares, a transaction valued at approximately $5,118,000.

Other institutional investors have also adjusted their holdings in the industrial products company. Covestor Ltd increased its stake by 140% in the fourth quarter, while Hantz Financial Services Inc. boosted its holdings by 116% during the same period. Currently, institutional investors and hedge funds own 89.78% of the stock.

Market analysts have recently updated their outlook for Packaging Corporation of America. JPMorgan Chase & Co. raised its price objective from $269.00 to $271.00, maintaining an ‘overweight’ rating. Additionally, Weiss Ratings upgraded the stock from a ‘hold’ to a ‘buy’ rating.