ABN Amro Investment Solutions Lowers Holdings in Packaging Corporation of America $PKG

ABN Amro Investment Solutions decreased its holdings in Packaging Corporation of America (NYSE:PKG) by 30.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,140 shares of the industrial products company’s stock after selling 5,355 shares during the period. ABN Amro Investment Solutions’ holdings in Packaging Corporation of America were worth $2,646,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PKG. Vanguard Group Inc. boosted its stake in Packaging Corporation of America by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 11,204,307 shares of the industrial products company’s stock worth $2,111,452,000 after purchasing an additional 176,811 shares during the period. State Street Corp grew its stake in Packaging Corporation of America by 1.1% during the second quarter. State Street Corp now owns 4,097,253 shares of the industrial products company’s stock valued at $777,037,000 after acquiring an additional 43,141 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Packaging Corporation of America by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,351,323 shares of the industrial products company’s stock valued at $631,557,000 after acquiring an additional 78,619 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Packaging Corporation of America by 119.9% in the 3rd 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 acquiring an additional 1,015,894 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Packaging Corporation of America by 70.6% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

PKG has been the subject of a number of research analyst reports. Truist Financial cut their price objective on Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Wells Fargo & Company raised their price target on Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday, December 29th. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, UBS Group raised their target price on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average price target of $236.00.

Insider Buying and Selling

In related news, President Thomas A. Hassfurther sold 12,129 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the transaction, the president directly owned 197,062 shares in the company, valued at approximately $45,422,791. This represents a 5.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Packaging Corporation of America Price Performance

NYSE:PKG opened at $246.00 on Monday. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.89 and a beta of 0.88. 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 business has a 50 day simple moving average of $216.73 and a 200-day simple 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.

Packaging Corporation of America (NYSE:PKG) last released 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 analysts’ expectations of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Equities analysts forecast 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 was paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, December 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 58.34%.

Packaging Corporation of America Company 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.