Strs Ohio Increases Position in Packaging Corporation of America $PKG

Key Points

• Strs Ohio increased its position in Packaging Corporation of America (PKG) by 43.8% in Q4 to 66,316 shares, representing about 0.07% of the company and valuing the stake at ~$13.68 million.
• President Thomas A. Hassfurther sold 12,129 shares on Feb. 5 for roughly $2.80 million, trimming his ownership by 5.8%; insiders own 1.6% of PKG while institutional ownership is ~89.8%.
• PKG beat Q1 EPS estimates with $2.40 (vs. $2.17 expected), reported revenue up 10.6% YoY to $2.37B, set Q2 guidance at $2.33 EPS, and pays a $1.25 quarterly dividend ($5.00 annual, ~2.3% yield).

Strs Ohio lifted its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 43.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,316 shares of the industrial products company's stock after purchasing an additional 20,204 shares during the period. Strs Ohio owned about 0.07% of Packaging Corporation of America worth $13,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Benchmark Financial Wealth Advisors LLC increased its stake in shares of Packaging Corporation of America by 2.1% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company's stock worth $484,000 after purchasing an additional 48 shares in the last quarter. River Street Advisors LLC increased its stake in shares of Packaging Corporation of America by 1.0% in the fourth quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company's stock worth $1,106,000 after purchasing an additional 51 shares in the last quarter. Argent Advisors Inc. increased its stake in shares of Packaging Corporation of America by 1.9% in the third quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company's stock worth $622,000 after purchasing an additional 52 shares in the last quarter. Eastern Bank increased its stake in shares of Packaging Corporation of America by 11.0% in the third quarter. Eastern Bank now owns 555 shares of the industrial products company's stock worth $121,000 after purchasing an additional 55 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Packaging Corporation of America by 40.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company's stock worth $43,000 after purchasing an additional 57 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the transaction, the president owned 197,062 shares in the company, valued at $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by company insiders.

Packaging Corporation of America Price Performance

PKG stock opened at $218.06 on Monday. Packaging Corporation of America has a 52 week low of $178.30 and a 52 week high of $249.51. The company has a quick ratio of 1.94, a current ratio of 3.17 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $215.64 and a two-hundred day simple moving average of $212.75. The firm has a market capitalization of $19.41 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.20%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the business earned $2.31 earnings per share. Packaging Corporation of America's quarterly revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Analysts anticipate that Packaging Corporation of America will post 10.84 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th were given a dividend of $1.25 per share. The ex-dividend date was Friday, March 13th. This represents a $5.00 annualized dividend and a yield of 2.3%. Packaging Corporation of America's dividend payout ratio (DPR) is 60.83%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PKG shares. Wells Fargo & Company dropped their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an "overweight" rating for the company in a research report on Tuesday, April 7th. Truist Financial restated a "buy" rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. JPMorgan Chase & Co. upped their target price on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the stock an "overweight" rating in a research report on Friday, April 24th. Citigroup dropped their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a "neutral" rating for the company in a research report on Tuesday, April 14th. Finally, Argus upgraded shares of Packaging Corporation of America to a "strong-buy" rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Packaging Corporation of America has a consensus rating of "Moderate Buy" and an average price target of $229.86.

Packaging Corporation of America Profile

Packaging Corporation of America NYSE: PKG is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.

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