Cambiar Investors LLC Sells 7,039 Shares of Packaging Corporation of America $PKG

Key Points

• Cambiar Investors LLC has decreased its holdings in Packaging Corporation of America by 12.6%, now owning about 49,026 shares valued at approximately $9.71 million.
• Several large investors, including JPMorgan Chase & Co. and Charles Schwab Investment Management, increased their stakes in the company by significant percentages during the same period.
• The company reported $2.48 earnings per share for its latest quarter, surpassing analysts' expectations, with a revenue of $2.17 billion—a 4.7% increase compared to the previous year.

Cambiar Investors LLC trimmed its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 12.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,026 shares of the industrial products company's stock after selling 7,039 shares during the period. Cambiar Investors LLC owned about 0.05% of Packaging Corporation of America worth $9,708,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Adams Wealth Management raised its holdings in shares of Packaging Corporation of America by 8.4% during the 1st quarter. Adams Wealth Management now owns 4,687 shares of the industrial products company's stock valued at $928,000 after buying an additional 362 shares in the last quarter. Raymond James Financial Inc. grew its position in Packaging Corporation of America by 1.3% during the 1st quarter. Raymond James Financial Inc. now owns 225,746 shares of the industrial products company's stock worth $44,702,000 after acquiring an additional 2,876 shares during the last quarter. American Century Companies Inc. grew its position in Packaging Corporation of America by 20.8% during the 1st quarter. American Century Companies Inc. now owns 1,090,307 shares of the industrial products company's stock worth $215,903,000 after acquiring an additional 187,800 shares during the last quarter. Ethic Inc. grew its position in Packaging Corporation of America by 3.6% during the 1st quarter. Ethic Inc. now owns 10,633 shares of the industrial products company's stock worth $2,126,000 after acquiring an additional 372 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Packaging Corporation of America by 5.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,832 shares of the industrial products company's stock worth $759,000 after acquiring an additional 195 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Trading Up 2.0%

Shares of PKG stock traded up $3.9740 during trading hours on Tuesday, reaching $198.0840. The company's stock had a trading volume of 560,220 shares, compared to its average volume of 654,041. The stock has a market capitalization 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 one year low of $172.71 and a one year high of $250.82. The firm's fifty day simple moving average is $196.92 and its 200 day simple moving average is $196.21. 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 released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company posted $2.20 earnings per share. The firm's 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. Equities research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PKG. Truist Financial reduced their price target on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. UBS Group raised 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. Citigroup raised 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. Wells Fargo & Company raised their price target on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Finally, Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their price target for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $215.40.

About Packaging Corporation of America

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.