Packaging Corporation of America $PKG Stock: Assenagon Asset Management S.A. Raises Holdings

Key Points

• Assenagon Asset Management increased its PKG stake by 233.2% in the third quarter, holding 42,739 shares valued at approximately $9.8 million. Institutional investors collectively own 89.78% of the company.
• Packaging Corporation of America reported quarterly EPS of $2.35, beating estimates by $0.04, while revenue rose 14.7% year over year to $2.49 billion. The company also pays a $1.50 quarterly dividend, equivalent to a 2.5% annual yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $271.86, compared with the stock’s reported price of $236.74. However, company insiders sold more than 40,000 shares worth roughly $10.2 million over the past 90 days.

Assenagon Asset Management S.A. increased its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 233.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,739 shares of the industrial products company's stock after acquiring an additional 29,912 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Packaging Corporation of America were worth $9,798,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Greenleaf Trust increased its position in shares of Packaging Corporation of America by 1.7% during the second quarter. Greenleaf Trust now owns 2,705 shares of the industrial products company's stock valued at $645,000 after acquiring an additional 46 shares during the last quarter. Root Financial Partners LLC grew its position in shares of Packaging Corporation of America by 28.4% during the 1st quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company's stock valued at $59,000 after acquiring an additional 61 shares during the period. CX Institutional grew its stake in shares of Packaging Corporation of America by 8.2% during the 2nd quarter. CX Institutional now owns 816 shares of the industrial products company's stock worth $195,000 after acquiring an additional 62 shares during the period. Avidian Wealth Enterprises LLC increased its stake in shares of Packaging Corporation of America by 3.1% in the third quarter. Avidian Wealth Enterprises LLC now owns 2,110 shares of the industrial products company's stock worth $484,000 after purchasing an additional 63 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in Packaging Corporation of America by 4.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,539 shares of the industrial products company's stock valued at $318,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $236.74 on Tuesday. The stock has a market cap of $21.09 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 2.03 and a beta of 0.75. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85. The business has a 50-day simple moving average of $238.06 and a 200 day simple moving average of $230.04. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $259.98.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. Packaging Corporation of America's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, research analysts forecast that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Packaging Corporation of America's payout ratio is 77.92%.

Insider Buying and Selling

In other news, President Thomas A. Hassfurther sold 12,531 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the completion of the sale, the president owned 218,751 shares of the company's stock, valued at approximately $54,687,750. This represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Donald R. Shirley sold 12,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the sale, the vice president directly owned 19,110 shares of the company's stock, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,391 shares of company stock worth $10,196,101 over the last ninety days. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PKG shares. Citigroup decreased their price objective on Packaging Corporation of America from $254.00 to $253.00 and set a "neutral" rating on the stock in a research note on Friday, October 2nd. Bank of America cut their target price on Packaging Corporation of America from $280.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, September 11th. UBS Group reduced their target price on Packaging Corporation of America from $292.00 to $289.00 and set a "buy" rating for the company in a report on Monday, October 5th. Truist Financial upped their price target on Packaging Corporation of America from $270.00 to $280.00 and gave the company a "buy" rating in a research report on Monday, October 12th. Finally, Wells Fargo & Company decreased their price target on Packaging Corporation of America from $246.00 to $245.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Packaging Corporation of America presently has an average rating of "Moderate Buy" and a consensus target price of $271.86.

Packaging Corporation of America Profile

Packaging Corporation of America NYSE: PKG is a manufacturer of corrugated packaging and containerboard products serving businesses primarily in the United States. Its products include shipping boxes, retail packaging, displays, protective packaging and specialty corrugated solutions used to transport and present a broad range of consumer and industrial goods.

The company also produces uncoated freesheet paper and related paper products for commercial printing, office use, publishing, converting and other applications.

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