ABN Amro Investment Solutions Sells 5,355 Shares of Packaging Corporation of America $PKG

ABN Amro Investment Solutions lowered its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 30.6% in the third quarter, Holdings Channel.com reports. The fund owned 12,140 shares of the industrial products company’s stock after selling 5,355 shares during the quarter. ABN Amro Investment Solutions’ holdings in Packaging Corporation of America were worth $2,646,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC increased its stake in Packaging Corporation of America by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 233,263 shares of the industrial products company’s stock worth $50,835,000 after buying an additional 945 shares during the period. Metis Global Partners LLC boosted its position in Packaging Corporation of America by 22.6% in the 3rd quarter. Metis Global Partners LLC now owns 13,325 shares of the industrial products company’s stock valued at $2,904,000 after buying an additional 2,459 shares during the period. Assetmark Inc. grew its stake in Packaging Corporation of America by 19.0% in the 3rd quarter. Assetmark Inc. now owns 557 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 89 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Packaging Corporation of America by 14.2% during the third quarter. Public Sector Pension Investment Board now owns 7,643 shares of the industrial products company’s stock worth $1,666,000 after acquiring an additional 950 shares during the period. Finally, Atria Investments Inc raised its stake in shares of Packaging Corporation of America by 6.1% during the third quarter. Atria Investments Inc now owns 9,226 shares of the industrial products company’s stock valued at $2,011,000 after acquiring an additional 527 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PKG. UBS Group upped their target price 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. Truist Financial decreased their price objective on 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. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Finally, Wells Fargo & Company upped their target price on Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.00.

Packaging Corporation of America Stock Performance

Shares of PKG stock opened at $246.00 on Monday. The business has a fifty day moving average of $216.73 and a 200 day moving average of $209.39. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $249.51. 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 firm has a market capitalization of $22.14 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 analysts’ consensus estimates of $2.41 by ($0.09). Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the company posted $2.47 earnings per share. The firm’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. As a group, research analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

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

Insider Buying and Selling

In other news, President Thomas A. Hassfurther sold 12,129 shares of the stock in a transaction on 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 sale, the president owned 197,062 shares in the company, valued at $45,422,791. This represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

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.