Rhumbline Advisers Sells 3,534 Shares of Packaging Corporation of America $PKG

Rhumbline Advisers lessened its position in shares of Packaging Corporation of America (NYSE:PKG) by 1.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,830 shares of the industrial products company’s stock after selling 3,534 shares during the period. Rhumbline Advisers owned 0.21% of Packaging Corporation of America worth $41,152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PKG. Ashton Thomas Private Wealth LLC bought a new position in shares of Packaging Corporation of America in the third quarter valued at approximately $485,000. Envestnet Asset Management Inc. grew its holdings in Packaging Corporation of America by 10.0% during the third quarter. Envestnet Asset Management Inc. now owns 220,499 shares of the industrial products company’s stock worth $48,053,000 after buying an additional 20,016 shares in the last quarter. Vise Technologies Inc. purchased a new stake in Packaging Corporation of America in the 2nd quarter valued at $1,306,000. Atlas FRM LLC lifted its stake in Packaging Corporation of America by 59.7% during the 2nd quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock valued at $100,821,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Carnegie Investment Counsel boosted its holdings in Packaging Corporation of America by 32.2% during the 3rd quarter. Carnegie Investment Counsel now owns 12,679 shares of the industrial products company’s stock worth $2,763,000 after acquiring an additional 3,085 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insiders Place Their Bets

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the business’s 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 sale, the president owned 197,062 shares of the company’s stock, valued at $45,422,791. The trade was a 5.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Citigroup upped their target price on Packaging Corporation of America from $226.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. UBS Group lifted their price target on Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Finally, Truist Financial decreased their target price on Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.00.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $246.00 on Friday. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84. The stock has a fifty day simple moving average of $216.73 and a two-hundred day simple moving average of $209.32. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $249.51. The firm has a market cap of $22.13 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 1.89 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.41 by ($0.09). The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.The company’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 15th were issued a $1.25 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.00 annualized dividend and a yield of 2.0%. Packaging Corporation of America’s dividend payout ratio (DPR) is 58.34%.

About Packaging Corporation of America

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.