Packaging Corporation of America (NYSE:PKG) Stake Lessened by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 64.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,596 shares of the industrial products company's stock after selling 97,689 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Packaging Corporation of America worth $10,613,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PKG. Jackson Creek Investment Advisors LLC acquired a new position in Packaging Corporation of America during the 4th quarter worth $293,000. AlphaQuest LLC raised its stake in shares of Packaging Corporation of America by 25.3% during the fourth quarter. AlphaQuest LLC now owns 9,683 shares of the industrial products company's stock valued at $2,180,000 after purchasing an additional 1,954 shares in the last quarter. Distillate Capital Partners LLC acquired a new stake in Packaging Corporation of America in the fourth quarter worth about $15,828,000. Sciencast Management LP bought a new position in Packaging Corporation of America in the 4th quarter valued at about $2,853,000. Finally, Korea Investment CORP increased its stake in Packaging Corporation of America by 96.0% during the 4th quarter. Korea Investment CORP now owns 71,004 shares of the industrial products company's stock valued at $15,985,000 after buying an additional 34,784 shares during the period. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock traded up $0.35 during mid-day trading on Thursday, hitting $202.29. The company's stock had a trading volume of 393,100 shares, compared to its average volume of 742,874. The stock has a market capitalization of $18.20 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.65 and a beta of 0.82. Packaging Corporation of America has a twelve month low of $172.72 and a twelve month high of $250.82. The stock's fifty day moving average price is $190.02 and its two-hundred day moving average price is $203.47. The company has a quick ratio of 2.15, a current ratio of 3.28 and a debt-to-equity ratio of 0.55.

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

Packaging Corporation of America Announces Dividend

The company 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 $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, June 13th. Packaging Corporation of America's payout ratio is 52.30%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PKG shares. UBS Group started coverage on shares of Packaging Corporation of America in a research note on Wednesday, June 4th. They issued a "neutral" rating and a $200.00 price target for the company. Truist Financial upped their target price on Packaging Corporation of America from $237.00 to $239.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $180.00 price target (down from $205.00) on shares of Packaging Corporation of America in a research note on Friday, May 9th. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Finally, Wall Street Zen cut Packaging Corporation of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $211.80.

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.