Packaging Co. of America (NYSE:PKG) Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its stake in Packaging Co. of America (NYSE:PKG - Free Report) by 415.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 261,458 shares of the industrial products company's stock after buying an additional 210,700 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.29% of Packaging Co. of America worth $58,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PKG. Parvin Asset Management LLC purchased a new position in shares of Packaging Co. of America during the fourth quarter valued at $117,000. Rehmann Capital Advisory Group purchased a new stake in shares of Packaging Co. of America in the 4th quarter worth approximately $200,000. Gallo Partners LP bought a new position in shares of Packaging Co. of America during the fourth quarter valued at approximately $4,026,000. Voleon Capital Management LP purchased a new position in Packaging Co. of America during the fourth quarter valued at approximately $3,447,000. Finally, PDT Partners LLC bought a new position in Packaging Co. of America in the fourth quarter worth approximately $1,869,000. Institutional investors own 89.78% of the company's stock.

Packaging Co. of America Stock Performance

Shares of NYSE:PKG traded up $3.96 on Friday, hitting $187.33. 551,309 shares of the company were exchanged, compared to its average volume of 700,721. The firm has a market capitalization of $16.85 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 2.41 and a beta of 0.85. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a 1-year low of $172.72 and a 1-year high of $250.82. The stock's 50 day moving average price is $193.56 and its 200 day moving average price is $216.95.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.10. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.12 billion. Sell-side analysts predict that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.67%. Packaging Co. of America's payout ratio is currently 52.30%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PKG shares. Truist Financial cut their price target on Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company decreased their price target on shares of Packaging Co. of America from $209.00 to $205.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. StockNews.com lowered shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Seaport Res Ptn upgraded shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. Finally, Citigroup upped their price target on Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $231.60.

Packaging Co. of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.