Bahl & Gaynor Inc. Acquires 5,387 Shares of Packaging Corporation of America $PKG

Bahl & Gaynor Inc. grew its holdings in Packaging Corporation of America (NYSE:PKG) by 1.9% during the third quarter, Holdings Channel reports. The firm owned 293,645 shares of the industrial products company’s stock after acquiring an additional 5,387 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Packaging Corporation of America were worth $63,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PKG. Ashton Thomas Private Wealth LLC acquired a new stake in Packaging Corporation of America in the 3rd quarter valued at $485,000. Envestnet Asset Management Inc. lifted its stake in shares of Packaging Corporation of America by 10.0% in the third quarter. Envestnet Asset Management Inc. now owns 220,499 shares of the industrial products company’s stock valued at $48,053,000 after buying an additional 20,016 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of Packaging Corporation of America during the second quarter valued at about $1,306,000. Atlas FRM LLC increased its position in shares of Packaging Corporation of America by 59.7% during the second 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 in the last quarter. Finally, Carnegie Investment Counsel raised its holdings in shares of Packaging Corporation of America by 32.2% in the 3rd quarter. Carnegie Investment Counsel now owns 12,679 shares of the industrial products company’s stock worth $2,763,000 after acquiring an additional 3,085 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling

In other Packaging Corporation of America 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 completion of the transaction, the president directly owned 197,062 shares of the company’s stock, valued at approximately $45,422,791. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $231.75 on Monday. The company has a market capitalization of $20.67 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 1.79 and a beta of 0.87. The company’s 50-day moving average is $223.31 and its 200 day moving average is $212.20. 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 has a fifty-two week low of $172.71 and a fifty-two week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing the consensus estimate of $2.41 by ($0.09). The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.43 billion. Packaging Corporation of America had a return on equity of 19.22% and a net margin of 8.61%.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. On average, equities research analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be paid a $1.25 dividend. The ex-dividend date is Friday, March 13th. This represents a $5.00 annualized dividend and a yield of 2.2%. Packaging Corporation of America’s dividend payout ratio is presently 58.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PKG shares. UBS Group lifted their price target on Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. upped their price target 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. Argus raised Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average 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.