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

Bahl & Gaynor Inc. grew its position in Packaging Corporation of America (NYSE:PKG) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 293,645 shares of the industrial products company’s stock after buying an additional 5,387 shares during the quarter. Bahl & Gaynor Inc. owned 0.33% of Packaging Corporation of America worth $63,994,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake in Packaging Corporation of America by 105.4% during the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after buying an additional 57 shares in the last quarter. NBT Bank N A NY acquired a new position in shares of Packaging Corporation of America during the 3rd quarter worth $41,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of Packaging Corporation of America by 40.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock worth $43,000 after buying an additional 57 shares during the last quarter. Finally, Global Wealth Strategies & Associates acquired a new stake in Packaging Corporation of America in the third quarter valued at about $44,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Stock Down 0.0%

Shares of NYSE:PKG opened at $231.75 on Monday. The firm has a market cap of $20.67 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.79 and a beta of 0.87. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $249.51. The business has a fifty day simple moving average of $223.31 and a 200 day simple moving average of $212.20. The company has a quick ratio of 1.94, a current ratio of 3.17 and a debt-to-equity ratio of 0.86.

Packaging Corporation of America (NYSE:PKG) last issued 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). Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the company posted $2.47 EPS. The company’s quarterly revenue 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. Analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 13th. Packaging Corporation of America’s dividend payout ratio is currently 58.34%.

Wall Street Analyst Weigh In

Several brokerages have commented on PKG. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday. Wells Fargo & Company raised their target price on shares of Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a research report 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 on the stock in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $236.00.

Insider Transactions at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,129 shares of the business’s stock in a transaction that occurred 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 transaction, the president owned 197,062 shares in the company, valued at approximately $45,422,791. The trade was a 5.80% decrease in their position. 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 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.