Lighthouse Investment Partners LLC Boosts Holdings in Packaging Corporation of America $PKG

Lighthouse Investment Partners LLC raised its position in shares of Packaging Corporation of America (NYSE:PKG) by 755.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,600 shares of the industrial products company’s stock after acquiring an additional 34,973 shares during the period. Lighthouse Investment Partners LLC’s holdings in Packaging Corporation of America were worth $8,630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PKG. Norges Bank bought a new position in Packaging Corporation of America during the 2nd quarter valued at about $225,478,000. Bank of New York Mellon Corp lifted its stake in Packaging Corporation of America by 119.9% in the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock worth $406,082,000 after purchasing an additional 1,015,894 shares during the last quarter. American Century Companies Inc. lifted its stake in Packaging Corporation of America by 70.6% in the second quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock worth $350,539,000 after purchasing an additional 769,806 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Packaging Corporation of America by 13.7% during the third quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after buying an additional 370,573 shares during the period. Finally, Boston Partners boosted its position in shares of Packaging Corporation of America by 26.9% during the third quarter. Boston Partners now owns 1,664,470 shares of the industrial products company’s stock valued at $362,719,000 after buying an additional 353,095 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG opened at $215.10 on Monday. The firm has a market cap of $19.19 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87. The firm’s 50 day simple moving average is $226.57 and its 200-day simple moving average is $213.63. Packaging Corporation of America has a one year low of $172.71 and a one year high of $249.51. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.94 and a current ratio of 3.17.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results 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 company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. The business’s revenue 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, equities analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, March 13th. Packaging Corporation of America’s dividend payout ratio is currently 58.34%.

Insider Buying and Selling at Packaging Corporation of America

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PKG shares. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. lifted their target price on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

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.