Petrus Trust Company LTA Takes Position in Packaging Corporation of America $PKG

Key Points

• Petrus Trust Company LTA has acquired 1,170 shares of Packaging Corporation of America, valued at approximately $232,000, indicating growing institutional interest in the company.
• Packaging Corporation of America reported a quarterly EPS of $2.48, exceeding estimates, with a year-over-year revenue increase of 4.7%, demonstrating solid financial performance.
• The company has announced a quarterly dividend of $1.25, resulting in an annualized yield of 2.3%, reflecting its commitment to returning value to shareholders.

Petrus Trust Company LTA purchased a new position in Packaging Corporation of America (NYSE:PKG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,170 shares of the industrial products company's stock, valued at approximately $232,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Manchester Capital Management LLC increased its stake 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 worth $40,000 after purchasing an additional 57 shares in the last quarter. Cary Street Partners Financial LLC grew its stake in Packaging Corporation of America by 0.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company's stock valued at $1,735,000 after acquiring an additional 59 shares in the last quarter. Horizon Investments LLC grew its stake in Packaging Corporation of America by 4.8% during the 1st quarter. Horizon Investments LLC now owns 1,291 shares of the industrial products company's stock valued at $256,000 after acquiring an additional 59 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Packaging Corporation of America by 20.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 66 shares in the last quarter. Finally, TCTC Holdings LLC grew its stake in Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after acquiring 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

Several research firms have weighed in on PKG. Truist Financial lowered their target price on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their price target for the company from $245.00 to $205.00 in a report on Monday, June 16th. Wells Fargo & Company lifted their price target on Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. UBS Group lifted their price target on 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, Citigroup lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.40.

Packaging Corporation of America Stock Performance

Shares of PKG stock traded up $0.25 during trading hours on Monday, reaching $214.15. 75,338 shares of the company's stock were exchanged, compared to its average volume of 845,808. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The stock has a market capitalization of $19.27 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.88 and a beta of 0.87. The business has a fifty day moving average price of $204.93 and a 200-day moving average price of $196.53. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued 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. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company earned $2.20 earnings per share. The company's quarterly revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a dividend of $1.25 per share. The ex-dividend date is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Packaging Corporation of America's payout ratio is 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.