Dynamic Technology Lab Private Ltd Takes Position in Packaging Corporation of America $PKG

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $486,000 by purchasing 2,451 shares of Packaging Corporation of America (NYSE:PKG) during the first quarter, reflecting growing interest from institutional investors in the company.
• Recent analyst reports show mixed ratings for Packaging Corporation of America, with Jefferies Financial Group downgrading the stock to a "hold" rating and decreasing its price target from $245 to $205.
• The company is set to pay a quarterly dividend of $1.25 per share on October 15th, representing an annualized dividend yield of 2.3% and a payout ratio of 49.90%.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,451 shares of the industrial products company's stock, valued at approximately $486,000.

Several other hedge funds have also modified their holdings of PKG. Cetera Investment Advisers grew its stake in shares of Packaging Corporation of America by 0.7% during the fourth quarter. Cetera Investment Advisers now owns 20,443 shares of the industrial products company's stock valued at $4,602,000 after purchasing an additional 152 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Packaging Corporation of America by 42.4% during the fourth quarter. Focus Partners Wealth now owns 7,696 shares of the industrial products company's stock valued at $1,733,000 after purchasing an additional 2,290 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Packaging Corporation of America by 9.9% in the fourth quarter. Janus Henderson Group PLC now owns 10,010 shares of the industrial products company's stock valued at $2,253,000 after acquiring an additional 904 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Packaging Corporation of America by 1,033.3% in the fourth quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 186 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Packaging Corporation of America by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,591 shares of the industrial products company's stock valued at $2,159,000 after acquiring an additional 316 shares during the last quarter. 89.78% of the stock is owned by institutional investors.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the transaction, the chief executive officer owned 437,378 shares of the company's stock, valued at $94,460,526.66. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on PKG shares. Jefferies Financial Group cut shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their price objective for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Wells Fargo & Company raised their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the company 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 on the stock in a research note on Friday, July 25th. UBS Group raised their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Finally, Citigroup raised their price objective on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $215.40.

Packaging Corporation of America Stock Down 0.1%

PKG stock traded down $0.22 during midday trading on Tuesday, hitting $211.59. The company's stock had a trading volume of 636,154 shares, compared to its average volume of 842,555. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82. The company's fifty day moving average price is $205.31 and its 200 day moving average price is $196.62. The stock has a market capitalization of $19.04 billion, a P/E ratio of 21.12, a PEG ratio of 1.85 and a beta of 0.87.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm 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 business earned $2.20 EPS. The company's revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is 49.90%.

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.