Magnetar Financial LLC Decreases Stock Holdings in Packaging Corporation of America $PKG

Key Points

• Magnetar Financial LLC reduced its holdings in Packaging Corporation of America (PKG) by 80.6%, selling 20,210 shares during the 1st quarter, leaving it with 4,861 shares valued at approximately $963,000.
• The company recently announced a quarterly dividend of $1.25 per share, which represents an annualized dividend of $5.00 and a yield of 2.3%.
• Research reports indicate a consensus rating of "Moderate Buy" for PKG, with a target price of $215.40 amid varied opinions from analysts regarding its future performance.

Magnetar Financial LLC trimmed its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 80.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,861 shares of the industrial products company's stock after selling 20,210 shares during the quarter. Magnetar Financial LLC's holdings in Packaging Corporation of America were worth $963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PKG. Clearstead Trust LLC boosted its holdings in Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after buying an additional 70 shares during the last quarter. TCTC Holdings LLC raised its position in Packaging Corporation of America by 86.4% in the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 70 shares during the period. Alpine Bank Wealth Management purchased a new stake in shares of Packaging Corporation of America during the first quarter worth $39,000. Banque Cantonale Vaudoise acquired a new position in Packaging Corporation of America in the first quarter valued at $40,000. Finally, Manchester Capital Management LLC boosted its stake in Packaging Corporation of America by 39.0% in the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Price Performance

NYSE:PKG traded up $1.25 on Friday, hitting $217.97. The company had a trading volume of 205,358 shares, compared to its average volume of 850,971. The firm has a 50 day moving average of $202.74 and a two-hundred day moving average of $196.52. The stock has a market capitalization of $19.61 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.86 and a beta of 0.87. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82. 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 posted its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, research analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share 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. Shareholders of record on Monday, September 15th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is currently 49.90%.

Analysts Set New Price Targets

A number of research analysts have issued reports on PKG shares. UBS Group increased their target price on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Truist Financial lowered their price objective on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Wells Fargo & Company raised their price objective on 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. Citigroup increased their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Jefferies Financial Group cut shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their target price for the company from $245.00 to $205.00 in a research note on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.