Night Squared LP Invests $6.79 Million in Packaging Corporation of America $PKG

Key Points

• Night Squared LP opened a new position in Packaging Corporation of America, buying 31,171 shares valued at about $6.79 million, roughly 2.5% of its holdings and the firm’s 13th-largest holding.
• Packaging Corp. reported quarterly EPS of $2.32 and revenue of $2.36 billion, both missing consensus estimates even as revenue rose 10.1% year-over-year, and it set Q1 2026 guidance at $2.20 EPS.
• President Thomas A. Hassfurther sold 12,129 shares for about $2.80 million, reducing his stake by 5.8%, and the company announced a quarterly dividend of $1.25 (annualized $5.00, yield ~2.3%).

Night Squared LP acquired a new position in Packaging Corporation of America (NYSE:PKG - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 31,171 shares of the industrial products company's stock, valued at approximately $6,793,000. Packaging Corporation of America makes up approximately 2.5% of Night Squared LP's holdings, making the stock its 13th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC grew its stake in shares of Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company's stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 57 shares in the last quarter. NBT Bank N A NY bought a new stake in shares of Packaging Corporation of America during the third quarter valued at about $41,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Packaging Corporation of America by 40.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company's stock worth $43,000 after purchasing an additional 57 shares during the period. Finally, Global Wealth Strategies & Associates acquired a new stake in Packaging Corporation of America in the third quarter worth about $44,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial lowered their target price on shares of Packaging Corporation of America from $273.00 to $270.00 and set a "buy" rating on the stock in a research note on Thursday, January 29th. Zacks Research raised shares of Packaging Corporation of America from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 6th. Weiss Ratings cut 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 objective on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Monday, January 12th. Finally, Citigroup boosted their target price on Packaging Corporation of America from $226.00 to $227.00 and gave the stock a "neutral" rating in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $236.00.

Insider Buying and Selling

In related news, President Thomas A. Hassfurther sold 12,129 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the sale, the president directly owned 197,062 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Trading Up 0.5%

Shares of PKG stock opened at $215.10 on Friday. The stock has a 50-day simple moving average of $226.57 and a 200 day simple moving average of $213.59. The stock has a market capitalization of $19.19 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.65 and a beta of 0.88. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $249.51. The company has a quick ratio of 1.94, a current ratio of 3.17 and a debt-to-equity ratio of 0.86.

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

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, March 13th. Packaging Corporation of America's payout ratio is presently 58.34%.

Packaging Corporation of America 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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