Squarepoint Ops LLC Lowers Stock Holdings in Packaging Corporation of America $PKG

Key Points

• Squarepoint Ops LLC cut its Packaging Corporation of America stake by 87.9% in the second quarter, selling 30,472 shares and retaining 4,211 shares valued at approximately $1.0 million. Institutional investors collectively own 89.78% of PKG.
• Packaging Corporation of America reported quarterly EPS of $2.35, exceeding estimates by $0.04, while revenue rose 14.7% year over year to $2.49 billion. The company declared a quarterly dividend of $1.50 per share, equivalent to a 2.5% annual yield.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $264.14, compared with the stock’s reported price of $235.62.

Squarepoint Ops LLC lessened its holdings in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 87.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,211 shares of the industrial products company's stock after selling 30,472 shares during the quarter. Squarepoint Ops LLC's holdings in Packaging Corporation of America were worth $1,003,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. BlackRock Inc. acquired a new position in Packaging Corporation of America in the second quarter valued at $1,837,506,000. JPMorgan Chase & Co. lifted its holdings in shares of Packaging Corporation of America by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company's stock worth $683,997,000 after acquiring an additional 231,474 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Packaging Corporation of America in the second quarter worth approximately $748,095,000. Geode Capital Management LLC grew its holdings in Packaging Corporation of America by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,420,383 shares of the industrial products company's stock valued at $497,283,000 after purchasing an additional 16,902 shares during the period. Finally, Royal Bank of Canada increased its position in Packaging Corporation of America by 25.2% during the first quarter. Royal Bank of Canada now owns 2,323,010 shares of the industrial products company's stock worth $492,990,000 after purchasing an additional 467,590 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $235.62 on Friday. Packaging Corporation of America has a 1-year low of $191.50 and a 1-year high of $259.98. The business has a 50-day moving average of $242.02 and a 200-day moving average of $227.55. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The company has a market capitalization of $20.99 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.98 and a beta of 0.78.

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 EPS for the quarter, beating the consensus estimate 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 return on equity of 18.94% and a net margin of 7.25%.The company's revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, equities analysts anticipate that Packaging Corporation of America will post 10.49 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Packaging Corporation of America's payout ratio is presently 77.92%.

Insiders Place Their Bets

In related news, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the sale, the vice president owned 19,110 shares of the company's stock, valued at $4,791,068.10. The trade was a 38.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Thomas A. Hassfurther sold 12,531 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the completion of the transaction, the president directly owned 218,751 shares of the company's stock, valued at approximately $54,687,750. The trade was a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 40,391 shares of company stock worth $10,196,101. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PKG shares. Weiss Ratings raised shares of Packaging Corporation of America from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 25th. UBS Group increased their target price on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Bank of America cut their price target on shares of Packaging Corporation of America from $280.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, September 11th. JPMorgan Chase & Co. boosted their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. 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 stock. Based on data from MarketBeat, Packaging Corporation of America presently has a consensus rating of "Moderate Buy" and a consensus target price of $264.14.

Packaging Corporation of America Profile

Packaging Corporation of America NYSE: PKG manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.

The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.

Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.

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