Cubist Systematic Strategies LLC Purchases 76,028 Shares of Packaging Corporation of America $PKG

Key Points

• Cubist Systematic Strategies LLC increased its holdings in Packaging Corporation of America by 79.6% during Q1, owning 171,599 shares valued at approximately $33.98 million.
• The company recently reported Earnings Per Share (EPS) of $2.48, exceeding analyst estimates of $2.44, and plans to issue a quarterly dividend of $1.25 on October 15th.
• Analysts maintain a Moderate Buy rating for Packaging Corporation of America, with an average price target of $215.40.

Cubist Systematic Strategies LLC grew its holdings in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 79.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,599 shares of the industrial products company's stock after buying an additional 76,028 shares during the quarter. Cubist Systematic Strategies LLC owned 0.19% of Packaging Corporation of America worth $33,980,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in shares of Packaging Corporation of America during the first quarter worth $309,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Packaging Corporation of America by 5.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock worth $5,671,000 after purchasing an additional 1,531 shares during the last quarter. Brookstone Capital Management increased its position in shares of Packaging Corporation of America by 718.0% in the first quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock worth $1,997,000 after acquiring an additional 8,853 shares in the last quarter. First United Bank & Trust acquired a new stake in shares of Packaging Corporation of America during the first quarter worth approximately $289,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Packaging Corporation of America by 11.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 250,197 shares of the industrial products company's stock worth $49,544,000 after purchasing an additional 25,471 shares during the period. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PKG. Truist Financial reduced 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 note on Friday, July 25th. Citigroup increased 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. UBS Group increased 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. Wells Fargo & Company upped 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. Finally, Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $245.00 to $205.00 in a report on Monday, June 16th. One equities research 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $215.40.

Packaging Corporation of America Trading Down 1.6%

PKG stock traded down $3.55 during midday trading on Wednesday, hitting $212.90. The company had a trading volume of 622,980 shares, compared to its average volume of 754,173. 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 has a 52 week low of $172.71 and a 52 week high of $250.82. The stock's 50 day moving average price is $202.16 and its 200 day moving average price is $196.49. The stock has a market cap of $19.16 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.90 and a beta of 0.87.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.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 company posted $2.20 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid 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 of this dividend is Monday, September 15th. Packaging Corporation of America's dividend payout ratio is currently 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.