Gotham Asset Management LLC Acquires 67,919 Shares of Packaging Corporation of America $PKG

Gotham Asset Management LLC increased its holdings in Packaging Corporation of America (NYSE:PKG) by 39.6% during the third quarter, HoldingsChannel reports. The fund owned 239,642 shares of the industrial products company’s stock after acquiring an additional 67,919 shares during the quarter. Packaging Corporation of America accounts for about 0.2% of Gotham Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Gotham Asset Management LLC’s holdings in Packaging Corporation of America were worth $52,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in PKG. Focus Partners Wealth increased its holdings in Packaging Corporation of America by 25.7% during the 3rd quarter. Focus Partners Wealth now owns 11,396 shares of the industrial products company’s stock worth $2,484,000 after purchasing an additional 2,330 shares in the last quarter. DoubleLine ETF Adviser LP raised its stake in shares of Packaging Corporation of America by 3.7% in the third quarter. DoubleLine ETF Adviser LP now owns 10,304 shares of the industrial products company’s stock worth $2,246,000 after purchasing an additional 363 shares during the last quarter. Brevan Howard Capital Management LP lifted its holdings in shares of Packaging Corporation of America by 510.0% in the third quarter. Brevan Howard Capital Management LP now owns 10,028 shares of the industrial products company’s stock valued at $2,185,000 after purchasing an additional 8,384 shares in the last quarter. Cannell & Spears LLC boosted its position in shares of Packaging Corporation of America by 368.9% during the third quarter. Cannell & Spears LLC now owns 202,844 shares of the industrial products company’s stock valued at $44,206,000 after buying an additional 159,588 shares during the last quarter. Finally, Cartenna Capital LP purchased a new position in shares of Packaging Corporation of America during the third quarter valued at approximately $75,186,000. Institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Truist Financial lowered their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Finally, Citigroup raised their price target on shares of Packaging Corporation of America from $226.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.00.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $215.10 on Monday. The stock has a 50 day moving average of $226.57 and a 200 day moving average of $213.63. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.65 and a beta of 0.87. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $249.51. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86.

Packaging Corporation of America (NYSE:PKG) last posted 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 business 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 19.22% and a net margin of 8.61%.The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be paid 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 Friday, March 13th. Packaging Corporation of America’s payout ratio is presently 58.34%.

Insider Buying and Selling at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,129 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $230.50, for a total value of $2,795,734.50. Following the transaction, the president directly owned 197,062 shares of the company’s stock, valued at approximately $45,422,791. The trade was a 5.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.