Savant Capital LLC Boosts Holdings in Packaging Corporation of America $PKG

Savant Capital LLC grew its stake in shares of Packaging Corporation of America (NYSE:PKG) by 35.2% during the third quarter, HoldingsChannel reports. The firm owned 16,433 shares of the industrial products company’s stock after purchasing an additional 4,277 shares during the quarter. Savant Capital LLC’s holdings in Packaging Corporation of America were worth $3,581,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PKG. Norges Bank purchased a new position in shares of Packaging Corporation of America during the 2nd quarter worth approximately $225,478,000. Bank of New York Mellon Corp boosted its position in shares of Packaging Corporation of America by 119.9% during the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock valued at $406,082,000 after purchasing an additional 1,015,894 shares in the last quarter. American Century Companies Inc. grew 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 period. AQR Capital Management LLC lifted its position in 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 period. Finally, Atlas FRM LLC grew its holdings in Packaging Corporation of America by 59.7% in the second quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock worth $100,821,000 after purchasing an additional 200,000 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

PKG opened at $238.95 on Friday. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $239.75. The company’s 50 day moving average is $212.18 and its 200 day moving average is $207.97. The company has a market cap of $21.50 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 1.77 and a beta of 0.88. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period last year, the company earned $2.47 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, equities research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 15th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, December 15th. Packaging Corporation of America’s dividend payout ratio is presently 58.34%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PKG. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on 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 raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Wells Fargo & Company upped their price target on shares of Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Finally, Truist Financial decreased their target price on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus price target of $236.00.

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.