Jacobs Levy Equity Management Inc. Acquires Shares of 10,743 Packaging Corporation of America $PKG

Key Points

• Jacobs Levy Equity Management Inc. acquired 10,743 shares of Packaging Corporation of America (NYSE: PKG) valued at approximately $2,127,000 during the first quarter.
• Packaging Corporation of America reported $2.48 EPS for the quarter, exceeding analysts' expectations, and announced a quarterly dividend of $1.25 per share.
• Hedge funds and institutional investors own 89.78% of Packaging Corporation of America's stock, indicating strong institutional support for the company.

Jacobs Levy Equity Management Inc. purchased a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 10,743 shares of the industrial products company's stock, valued at approximately $2,127,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Manchester Capital Management LLC increased its stake in Packaging Corporation of America by 39.0% in the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock valued at $40,000 after buying an additional 57 shares during the last quarter. Cary Street Partners Financial LLC increased its stake in Packaging Corporation of America by 0.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company's stock valued at $1,735,000 after buying an additional 59 shares during the last quarter. Horizon Investments LLC increased its stake in Packaging Corporation of America by 4.8% in the 1st quarter. Horizon Investments LLC now owns 1,291 shares of the industrial products company's stock valued at $256,000 after buying an additional 59 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Packaging Corporation of America by 20.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company's stock valued at $77,000 after buying an additional 66 shares during the last quarter. Finally, TCTC Holdings LLC increased its stake in Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after buying an additional 70 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PKG has been the topic of several recent research reports. Truist Financial lowered their price target 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. Citigroup boosted their price objective on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Wells Fargo & Company boosted their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Finally, UBS Group boosted their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. One 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $215.40.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total transaction 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 approximately $94,460,526.66. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company's stock.

Packaging Corporation of America Stock Performance

PKG traded down $0.22 on Tuesday, reaching $211.59. The company 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 quick ratio of 2.32 and a current ratio of 3.54. The stock has a market cap of $19.04 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.85 and a beta of 0.87. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The company's fifty day moving average is $205.31 and its 200 day moving average is $196.62.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the firm posted $2.20 EPS. The business's revenue for the quarter 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, analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's dividend payout ratio is currently 49.90%.

Packaging Corporation of America 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.