Petrus Trust Company LTA Purchases Shares of 1,170 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 bought a new stake 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 Securities & Exchange Commission. The institutional investor bought 1,170 shares of the industrial products company's stock, valued at approximately $232,000.

A number of other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC lifted its holdings in Packaging Corporation of America by 39.0% in the first 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 period. Cary Street Partners Financial LLC raised its stake 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 worth $1,735,000 after buying an additional 59 shares during the period. Horizon Investments LLC raised its stake 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 worth $256,000 after buying an additional 59 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Packaging Corporation of America by 20.6% in 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 during the period. Finally, TCTC Holdings LLC raised its stake in shares of Packaging Corporation of America by 86.4% in 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 during the period. Institutional investors own 89.78% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on PKG shares. Truist Financial decreased their price objective 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. Citigroup raised their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. UBS Group raised their price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Jefferies Financial Group downgraded 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 research note on Monday, June 16th. Finally, Wells Fargo & Company lifted their target price on 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 research 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $215.40.

Packaging Corporation of America Price Performance

PKG traded down $1.70 on Friday, hitting $215.33. 471,233 shares of the company's stock traded hands, compared to its average volume of 853,098. The company's 50 day simple moving average is $204.93 and its 200-day simple moving average is $196.74. The firm has a market cap of $19.38 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 1.89 and a beta of 0.87. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82. 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 (NYSE:PKG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, September 15th. 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.