Aberdeen Group plc Increases Stock Position in Packaging Corporation of America $PKG

Key Points

• Aberdeen Group plc increased its holdings in Packaging Corporation of America by 44.8%, acquiring an additional 13,860 shares to reach a total of 44,804 shares valued at $8,823,000.
• Packaging Corporation of America reported earnings per share (EPS) of $2.48 for the recent quarter, exceeding analysts' estimates of $2.44, with a net margin of 10.47% and year-over-year revenue growth of 4.7%.
• Wall Street analysts have assigned a consensus rating of "Moderate Buy" for Packaging Corporation of America, with an average price target of $215.40.

Aberdeen Group plc lifted its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 44.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 44,804 shares of the industrial products company's stock after purchasing an additional 13,860 shares during the period. Aberdeen Group plc's holdings in Packaging Corporation of America were worth $8,823,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Clearstead Trust LLC lifted its position in shares of Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after purchasing an additional 70 shares during the period. TCTC Holdings LLC raised its stake in shares of Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after acquiring an additional 70 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of Packaging Corporation of America during the 1st quarter worth approximately $39,000. Banque Cantonale Vaudoise bought a new position in shares of Packaging Corporation of America during the 1st quarter worth approximately $40,000. Finally, Manchester Capital Management LLC raised its stake in shares of Packaging Corporation of America by 39.0% during the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock worth $40,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Trading Up 2.0%

NYSE PKG opened at $198.0840 on Wednesday. The company has a fifty day simple moving average of $196.92 and a two-hundred day simple moving average of $196.21. The stock has a market cap of $17.82 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.28 and a beta of 0.85. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter last year, the company posted $2.20 earnings per share. The business's quarterly revenue was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Truist Financial reduced their price objective on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. UBS Group boosted their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Finally, Citigroup boosted their price objective on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America presently has a consensus rating of "Moderate Buy" and an average target price of $215.40.

Packaging Corporation 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.

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