Trexquant Investment LP Sells 61,465 Shares of Packaging Corporation of America $PKG

Key Points

• Trexquant Investment LP significantly reduced its stake in Packaging Corporation of America by 58.2%, selling 61,465 shares in the first quarter, leaving it with 44,229 shares valued at approximately $8.76 million.
• Institutional investors own 89.78% of Packaging Corporation of America's stock, with Charles Schwab and JPMorgan Chase increasing their stakes by 6.6% and 46.5%, respectively, during the first quarter.
• Packaging Corporation of America declared a quarterly dividend of $1.25 per share, equivalent to an annualized yield of 2.3%, with a dividend payout ratio of 49.90%.

Trexquant Investment LP lowered its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 58.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,229 shares of the industrial products company's stock after selling 61,465 shares during the period. Trexquant Investment LP's holdings in Packaging Corporation of America were worth $8,758,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC raised its holdings in Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after buying an additional 70 shares during the period. TCTC Holdings LLC raised its holdings in Packaging Corporation of America by 86.4% during the 1st 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. Alpine Bank Wealth Management acquired a new stake in Packaging Corporation of America during the 1st quarter worth approximately $39,000. Banque Cantonale Vaudoise acquired a new stake in Packaging Corporation of America during the 1st quarter worth approximately $40,000. Finally, Manchester Capital Management LLC raised its holdings in Packaging Corporation of America by 39.0% during the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock worth $40,000 after buying an additional 57 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Citigroup raised their price target on shares of 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 target on shares of 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 cut shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price target for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Finally, Truist Financial reduced their price objective on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $215.40.

Packaging Corporation of America Stock Performance

Packaging Corporation of America stock traded up $3.76 during trading hours on Thursday, hitting $216.69. The company had a trading volume of 725,387 shares, compared to its average volume of 763,181. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The firm has a 50-day moving average of $202.74 and a 200 day moving average of $196.52. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82. The firm has a market cap of $19.50 billion, a PE ratio of 21.63, a PEG ratio of 1.86 and a beta of 0.87.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm posted $2.20 EPS. The company's revenue for the quarter was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, sell-side analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's dividend payout ratio is presently 49.90%.

Packaging Corporation of America 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.