Packaging Corporation of America $PKG Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Packaging Corporation of America by 16.0%, now owning approximately 567,944 shares worth $111,090,000.
• Wall Street analysts have varying ratings for the stock, with a consensus price target of $215.40 resulting from an average rating of "Moderate Buy".
• The company declared a quarterly dividend of $1.25 per share, reflecting an annual yield of 2.3%, with a payout ratio of 49.90%.

AQR Capital Management LLC increased its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 16.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 567,944 shares of the industrial products company's stock after acquiring an additional 78,185 shares during the period. AQR Capital Management LLC owned approximately 0.63% of Packaging Corporation of America worth $111,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Manchester Capital Management LLC grew its position in Packaging Corporation of America by 39.0% in the first 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. Cary Street Partners Financial LLC grew its position in Packaging Corporation of America by 0.7% in the first quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company's stock worth $1,735,000 after acquiring an additional 59 shares in the last quarter. Horizon Investments LLC grew its position in Packaging Corporation of America by 4.8% in the first quarter. Horizon Investments LLC now owns 1,291 shares of the industrial products company's stock worth $256,000 after acquiring an additional 59 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Packaging Corporation of America by 20.6% in the first quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company's stock worth $77,000 after acquiring an additional 66 shares in the last quarter. Finally, TCTC Holdings LLC grew its position in Packaging Corporation of America by 86.4% in the first 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. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Trading Down 0.1%

Shares of Packaging Corporation of America stock traded down $0.30 on Wednesday, hitting $213.78. 150,393 shares of the company traded hands, compared to its average volume of 851,079. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The company has a market cap of $19.24 billion, a PE ratio of 21.33, a PEG ratio of 1.88 and a beta of 0.87. The stock's 50 day moving average price is $204.14 and its 200-day moving average price is $196.55. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82.

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

Packaging Corporation of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $1.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Packaging Corporation of America's payout ratio is presently 49.90%.

Wall Street Analysts Forecast Growth

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