Robeco Institutional Asset Management B.V. Sells 137,312 Shares of Packaging Co. of America (NYSE:PKG)

Robeco Institutional Asset Management B.V. lowered its position in shares of Packaging Co. of America (NYSE:PKG – Get Rating) by 46.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,536 shares of the industrial products company’s stock after selling 137,312 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.17% of Packaging Co. of America worth $17,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PKG. Global Wealth Management Investment Advisory Inc. boosted its holdings in Packaging Co. of America by 1.3% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 6,246 shares of the industrial products company’s stock worth $975,000 after purchasing an additional 82 shares during the last quarter. Ancora Advisors LLC boosted its holdings in Packaging Co. of America by 15.3% in the first quarter. Ancora Advisors LLC now owns 633 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 84 shares during the last quarter. Utah Retirement Systems boosted its holdings in Packaging Co. of America by 0.6% in the third quarter. Utah Retirement Systems now owns 16,655 shares of the industrial products company’s stock worth $1,870,000 after purchasing an additional 100 shares during the last quarter. Northcape Wealth Management LLC boosted its holdings in Packaging Co. of America by 5.5% in the third quarter. Northcape Wealth Management LLC now owns 2,003 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 105 shares during the last quarter. Finally, Cullen Capital Management LLC boosted its holdings in Packaging Co. of America by 0.6% in the second quarter. Cullen Capital Management LLC now owns 17,324 shares of the industrial products company’s stock worth $2,382,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Packaging Co. of America Stock Down 1.4 %

PKG opened at $127.32 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.75 and a current ratio of 2.87. Packaging Co. of America has a fifty-two week low of $110.56 and a fifty-two week high of $168.50. The firm’s fifty day moving average is $136.90 and its 200 day moving average is $130.00. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 2.87 and a beta of 0.88.

Packaging Co. of America (NYSE:PKG – Get Rating) last released its earnings results on Thursday, January 26th. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.11. Packaging Co. of America had a net margin of 12.12% and a return on equity of 27.00%. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the company earned $2.76 EPS. Packaging Co. of America’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, sell-side analysts forecast that Packaging Co. of America will post 9.14 earnings per share for the current fiscal year.

Packaging Co. of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 15th will be issued a $1.25 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $5.00 dividend on an annualized basis and a yield of 3.93%. Packaging Co. of America’s dividend payout ratio is currently 45.41%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com initiated coverage on shares of Packaging Co. of America in a report on Thursday. They issued a “hold” rating on the stock. Bank of America cut shares of Packaging Co. of America from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $146.00 to $139.00 in a research note on Thursday, December 15th. Wells Fargo & Company lifted their price target on shares of Packaging Co. of America from $124.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, January 9th. Citigroup lifted their price target on shares of Packaging Co. of America from $123.00 to $130.00 in a research note on Wednesday, January 4th. Finally, Truist Financial lifted their price target on shares of Packaging Co. of America from $138.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $131.88.

About Packaging Co. of America

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Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.