Balyasny Asset Management L.P. Buys 492,410 Shares of Packaging Corporation of America $PKG

Balyasny Asset Management L.P. lifted its stake in Packaging Corporation of America (NYSE:PKG) by 100.3% in the 4th quarter, HoldingsChannel reports. The fund owned 983,216 shares of the industrial products company’s stock after purchasing an additional 492,410 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Packaging Corporation of America were worth $202,769,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PKG. DV Equities LLC purchased a new position in Packaging Corporation of America in the fourth quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Packaging Corporation of America in the third quarter worth $31,000. Covestor Ltd grew its holdings in Packaging Corporation of America by 140.0% in the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Packaging Corporation of America by 94.1% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 80 shares during the last quarter. Finally, Navalign LLC purchased a new position in Packaging Corporation of America in the fourth quarter worth $36,000. 89.78% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PKG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Wells Fargo & Company cut their price target on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. JPMorgan Chase & Co. lifted their price target on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Citigroup lowered their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

Packaging Corporation of America Stock Down 0.1%

PKG stock opened at $229.24 on Thursday. The firm has a 50 day moving average of $217.20 and a 200 day moving average of $217.15. The stock has a market capitalization of $20.43 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a 52 week low of $184.76 and a 52 week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. Packaging Corporation of America’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business earned $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Sell-side analysts forecast that Packaging Corporation of America will post 10.8 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a $1.50 dividend. The ex-dividend date is Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a dividend yield of 2.6%. Packaging Corporation of America’s dividend payout ratio (DPR) is 72.99%.

Packaging Corporation of America Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.