Meeder Asset Management Inc. Buys 13,815 Shares of Packaging Corporation of America $PKG

Meeder Asset Management Inc. raised its position in shares of Packaging Corporation of America (NYSE:PKG) by 775.3% during the third quarter, HoldingsChannel reports. The fund owned 15,597 shares of the industrial products company’s stock after acquiring an additional 13,815 shares during the quarter. Meeder Asset Management Inc.’s holdings in Packaging Corporation of America were worth $3,399,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Packaging Corporation of America during the 2nd quarter worth about $225,478,000. American Century Companies Inc. boosted its position in shares of Packaging Corporation of America by 70.6% during the second quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock valued at $350,539,000 after buying an additional 769,806 shares during the period. AQR Capital Management LLC grew its stake in shares of Packaging Corporation of America by 56.4% during the second quarter. AQR Capital Management LLC now owns 888,362 shares of the industrial products company’s stock valued at $167,412,000 after buying an additional 320,418 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Packaging Corporation of America by 377.1% in the second quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $49,412,000 after buying an additional 207,244 shares during the period. Finally, Atlas FRM LLC lifted its stake in shares of 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 worth $100,821,000 after acquiring an additional 200,000 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup cut their price objective on Packaging Corporation of America from $229.00 to $226.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Truist Financial boosted their target price on shares of Packaging Corporation of America from $263.00 to $273.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. JPMorgan Chase & Co. upped their target price on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Finally, Zacks Research raised shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and a consensus target price of $235.33.

Packaging Corporation of America Stock Up 2.5%

Shares of Packaging Corporation of America stock opened at $219.22 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00. The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.67 and a beta of 0.88. The firm’s 50-day moving average is $202.56 and its two-hundred day moving average is $204.90. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $242.68.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the company posted $2.65 EPS. Packaging Corporation of America’s revenue for the quarter was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, research analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, December 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 50.56%.

Packaging Corporation of America Company 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.