Quantbot Technologies LP Decreases Stake in Packaging Corporation of America $PKG

Key Points

• Quantbot Technologies LP reduced its stake in Packaging Corporation of America by 39.4%, selling 8,904 shares to hold 13,679 shares worth approximately $2.7 million.
• The company reported $2.48 earnings per share (EPS) for the last quarter, exceeding estimates of $2.44, with a revenue increase of 4.7% year-over-year to $2.17 billion.
• Packaging Corporation of America announced a quarterly dividend of $1.25 per share, with an annualized yield of 2.5%, set to be paid on October 15th.

Quantbot Technologies LP reduced its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 39.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,679 shares of the industrial products company's stock after selling 8,904 shares during the period. Quantbot Technologies LP's holdings in Packaging Corporation of America were worth $2,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Manchester Capital Management LLC raised its holdings 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 acquiring an additional 57 shares during the last quarter. Cary Street Partners Financial LLC grew its position in shares of Packaging Corporation of America by 0.7% in the first quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company's stock valued at $1,735,000 after purchasing an additional 59 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of Packaging Corporation of America by 4.8% in the first quarter. Horizon Investments LLC now owns 1,291 shares of the industrial products company's stock valued at $256,000 after purchasing an additional 59 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Packaging Corporation of America by 20.6% during the first quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company's stock worth $77,000 after buying an additional 66 shares in the last quarter. Finally, TCTC Holdings LLC lifted its position in Packaging Corporation of America by 86.4% during the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Analyst Ratings Changes

PKG has been the subject of several analyst reports. Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their target price for the company from $245.00 to $205.00 in a report on Monday, June 16th. Truist Financial dropped 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 report on Friday, July 25th. Citigroup raised 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 report on Friday, July 25th. UBS Group boosted 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. Finally, Wells Fargo & Company increased their price target on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Packaging Corporation of America currently has a consensus rating of "Moderate Buy" and an average target price of $215.40.

Packaging Corporation of America Trading Up 1.1%

Shares of NYSE:PKG traded up $2.2510 during midday trading on Friday, reaching $212.6010. 1,435,450 shares of the company's stock were exchanged, compared to its average volume of 707,615. The stock has a market cap of $19.13 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 2.50 and a beta of 0.85. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The firm's 50 day simple moving average is $197.84 and its two-hundred day simple moving average is $196.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its earnings results 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 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 last year, the firm earned $2.20 EPS. The firm's revenue for the quarter 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, sell-side analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

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

Packaging Corporation of America Company 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.