Horizon Investments LLC Boosts Position in Packaging Corporation of America $PKG

Key Points

• Horizon Investments LLC increased its stake in Packaging Corporation of America (NYSE:PKG) by 240.9%, buying 30,948 shares to hold 43,793 shares valued at about $9.03 million.
• President Thomas A. Hassfurther sold 12,129 shares for roughly $2.80 million, trimming his holding by 5.8% to 197,062 shares; institutional investors now own about 89.78% of the company while insiders hold 1.60%.
• PKG beat quarterly EPS estimates ($2.40 vs. $2.17) with revenue up 10.6% year-over-year but slightly below consensus, set Q2 2026 guidance at EPS 2.33, and pays a quarterly dividend of $1.25 (annualized $5.00, yield ~2.3%).

Horizon Investments LLC raised its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 240.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 43,793 shares of the industrial products company's stock after purchasing an additional 30,948 shares during the period. Horizon Investments LLC's holdings in Packaging Corporation of America were worth $9,031,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PKG. Danske Bank A S grew its stake in Packaging Corporation of America by 5.3% in the 4th quarter. Danske Bank A S now owns 35,802 shares of the industrial products company's stock valued at $7,383,000 after acquiring an additional 1,800 shares during the last quarter. Oakworth Capital Inc. grew its stake in Packaging Corporation of America by 77.4% in the 4th quarter. Oakworth Capital Inc. now owns 596 shares of the industrial products company's stock valued at $123,000 after acquiring an additional 260 shares during the last quarter. Wealthfront Advisers LLC grew its stake in Packaging Corporation of America by 4.1% in the 4th quarter. Wealthfront Advisers LLC now owns 11,054 shares of the industrial products company's stock valued at $2,280,000 after acquiring an additional 432 shares during the last quarter. M&T Bank Corp grew its stake in Packaging Corporation of America by 2.7% in the 4th quarter. M&T Bank Corp now owns 57,344 shares of the industrial products company's stock valued at $11,826,000 after acquiring an additional 1,511 shares during the last quarter. Finally, UBS Group AG grew its stake in Packaging Corporation of America by 40.6% in the 4th quarter. UBS Group AG now owns 768,458 shares of the industrial products company's stock valued at $158,479,000 after acquiring an additional 222,023 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Insider Buying and Selling

In related news, President Thomas A. Hassfurther sold 12,129 shares of the company's 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 represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings cut shares of Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 27th. Wells Fargo & Company lowered their price objective on shares of Packaging Corporation of America from $234.00 to $226.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 7th. Citigroup lowered their price objective on shares of Packaging Corporation of America from $227.00 to $217.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 14th. UBS Group increased their price objective on shares of Packaging Corporation of America from $225.00 to $232.00 and gave the company a "neutral" rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen raised shares of Packaging Corporation of America from a "sell" rating to a "hold" rating in a research note on Saturday, January 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $229.86.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $218.06 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 company has a market capitalization of $19.41 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.97 and a beta of 0.82. The company's 50 day simple moving average is $215.64 and its 200 day simple moving average is $212.73. Packaging Corporation of America has a 1 year low of $178.30 and a 1 year high of $249.51.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.20%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. The company's quarterly revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, sell-side analysts predict that Packaging Corporation of America will post 10.84 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 13th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, March 13th. Packaging Corporation of America's dividend payout ratio is presently 60.83%.

About Packaging Corporation of America

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.