Packaging Corporation of America $PKG Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its position in Packaging Corporation of America (NYSE:PKG) by 40.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,323 shares of the industrial products company’s stock after selling 2,265 shares during the period. Sterling Capital Management LLC’s holdings in Packaging Corporation of America were worth $705,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. DV Equities LLC purchased a new position in Packaging Corporation of America in the fourth quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Packaging Corporation of America in the third quarter worth $31,000. Covestor Ltd raised its stake in shares of Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in shares of Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 80 shares in the last quarter. Finally, Navalign LLC acquired a new position in shares of Packaging Corporation of America during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Trading Down 0.1%

NYSE PKG opened at $238.05 on Thursday. Packaging Corporation of America has a 12 month low of $189.03 and a 12 month high of $249.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80. The company’s fifty day moving average price is $222.61 and its two-hundred day moving average price is $219.76.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, research analysts predict that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.50 per share. The ex-dividend date is Monday, June 15th. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.5%. Packaging Corporation of America’s payout ratio is currently 72.99%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Citigroup lowered their target price on 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. Wells Fargo & Company dropped their target price on 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. Finally, Truist Financial reissued a “buy” rating and set a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by insiders.

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.