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Bank of Nova Scotia Makes New Investment in Packaging Corporation of America $PKG

Packaging Corporation of America logoPackaging Corporation of America
Sig1.25Sen+0.60Env0.00Soc0.00Gov-0.70

Bank of Nova Scotia acquired 26,713 shares of Packaging Corporation of America worth about $6.365 million. Quantbot Technologies LP added a new position (~$819,000). After the transactions, the president held 218,751 shares (~$54.688 million), while shares sold at an average $250.71 for $3.0085 million. Deutsche Bank upgraded to buy (target $256) and Bank of America raised its target to $263, also reiterating buy. MarketBeat data show Moderate Buy with an average target of $264.57. Quarterly earnings were last reported July 22.

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