Cartenna Capital LP Invests $75.19 Million in Packaging Corporation of America $PKG

Key Points

• Cartenna Capital LP bought a new stake of 345,000 shares in Packaging Corporation of America (NYSE: PKG) in Q3, valued at about $75.19 million, making PKG 2.1% of Cartenna’s portfolio and its 11th largest holding (≈0.38% ownership of PKG).
• PKG slightly missed quarterly estimates (EPS $2.32 vs. $2.41 and revenue $2.36B vs. $2.43B) despite revenue rising 10.1% year-over-year; the company set Q1 2026 guidance at 2.20 EPS, pays a $1.25 quarterly dividend (annual $5.00, yield 2.3%), and carries a consensus analyst rating of Moderate Buy with an average target of $236.

Cartenna Capital LP purchased a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 345,000 shares of the industrial products company's stock, valued at approximately $75,186,000. Packaging Corporation of America makes up 2.1% of Cartenna Capital LP's investment portfolio, making the stock its 11th largest holding. Cartenna Capital LP owned approximately 0.38% of Packaging Corporation of America as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PKG. Norges Bank purchased a new position in shares of Packaging Corporation of America during the 2nd quarter worth $225,478,000. Bank of New York Mellon Corp grew its holdings in shares of Packaging Corporation of America by 119.9% in the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company's stock valued at $406,082,000 after purchasing an additional 1,015,894 shares during the period. American Century Companies Inc. increased its position in Packaging Corporation of America by 70.6% during the second quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company's stock worth $350,539,000 after purchasing an additional 769,806 shares during the last quarter. JPMorgan Chase & Co. increased its position in Packaging Corporation of America by 13.7% during the third quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company's stock worth $672,357,000 after purchasing an additional 370,573 shares during the last quarter. Finally, Boston Partners raised its stake in Packaging Corporation of America by 26.9% during the third quarter. Boston Partners now owns 1,664,470 shares of the industrial products company's stock worth $362,719,000 after purchasing an additional 353,095 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Trading Up 0.5%

NYSE PKG opened at $215.10 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.94 and a current ratio of 3.17. The firm has a market cap of $19.19 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.65 and a beta of 0.88. The firm has a 50 day simple moving average of $226.57 and a 200-day simple moving average of $213.61. Packaging Corporation of America has a one year low of $172.71 and a one year high of $249.51.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.41 by ($0.09). The business had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.43 billion. Packaging Corporation of America had a return on equity of 19.22% and a net margin of 8.61%.Packaging Corporation of America's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Equities research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, March 13th. Packaging Corporation of America's dividend payout ratio (DPR) is presently 58.34%.

Analysts Set New Price Targets

PKG has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 27th. UBS Group raised their price target on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, January 12th. Citigroup lifted their price target on shares of Packaging Corporation of America from $226.00 to $227.00 and gave the company a "neutral" rating in a research report on Thursday, January 29th. Wells Fargo & Company upped their price objective on Packaging Corporation of America from $233.00 to $234.00 and gave the company an "overweight" rating in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. increased their price objective on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Packaging Corporation of America presently has a consensus rating of "Moderate Buy" and an average target price of $236.00.

Insider Transactions at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,129 shares of Packaging Corporation of America stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $230.50, for a total value of $2,795,734.50. Following the completion of the transaction, the president directly owned 197,062 shares in the company, valued at approximately $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

Packaging Corporation of America Company 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.

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