Regents Gate Capital LLP Buys 33,176 Shares of Packaging Corporation of America (NYSE:PKG)

Regents Gate Capital LLP grew its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 174.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,242 shares of the industrial products company's stock after purchasing an additional 33,176 shares during the period. Packaging Corporation of America comprises about 4.4% of Regents Gate Capital LLP's holdings, making the stock its 4th largest position. Regents Gate Capital LLP owned approximately 0.06% of Packaging Corporation of America worth $10,345,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PKG. Alpine Bank Wealth Management bought a new stake in Packaging Corporation of America during the 1st quarter valued at approximately $39,000. Lazard Asset Management LLC raised its holdings in shares of Packaging Corporation of America by 1,033.3% in the 4th quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company's stock worth $45,000 after buying an additional 186 shares in the last quarter. HM Payson & Co. lifted its position in shares of Packaging Corporation of America by 54.8% during the 1st quarter. HM Payson & Co. now owns 240 shares of the industrial products company's stock worth $48,000 after buying an additional 85 shares during the period. Intact Investment Management Inc. acquired a new stake in Packaging Corporation of America in the 4th quarter valued at $68,000. Finally, Ameriflex Group Inc. bought a new stake in Packaging Corporation of America in the fourth quarter valued at $64,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Trading Up 2.3%

NYSE:PKG traded up $4.60 during trading hours on Thursday, hitting $208.68. 225,053 shares of the stock were exchanged, compared to its average volume of 744,674. The company has a market capitalization of $18.78 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82. The company has a quick ratio of 2.15, a current ratio of 3.28 and a debt-to-equity ratio of 0.55. The company's 50 day moving average is $191.63 and its two-hundred day moving average is $202.49. Packaging Corporation of America has a twelve month low of $172.72 and a twelve month high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.10. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.12 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.09%. On average, sell-side analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, June 13th. This represents a $5.00 annualized dividend and a yield of 2.40%. Packaging Corporation of America's dividend payout ratio (DPR) is currently 52.30%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PKG shares. UBS Group upped their target price on shares of Packaging Corporation of America from $200.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday. Jefferies Financial Group cut 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 research note on Monday, June 16th. Wall Street Zen lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating in a report on Sunday, April 6th. Wells Fargo & Company boosted their target price on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Truist Financial lifted their price objective on Packaging Corporation of America from $237.00 to $239.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $217.80.

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.