Atlas FRM LLC Has $149.28 Million Holdings in Packaging Corporation of America $PKG

Atlas FRM LLC raised its holdings in Packaging Corporation of America (NYSE:PKG) by 28.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 685,000 shares of the industrial products company’s stock after buying an additional 150,000 shares during the quarter. Packaging Corporation of America accounts for about 17.4% of Atlas FRM LLC’s investment portfolio, making the stock its 3rd largest position. Atlas FRM LLC owned about 0.76% of Packaging Corporation of America worth $149,282,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Packaging Corporation of America during the 2nd quarter valued at about $225,478,000. Bank of New York Mellon Corp lifted its holdings in Packaging Corporation of America by 119.9% during 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 purchasing an additional 1,015,894 shares during the last quarter. American Century Companies Inc. lifted its holdings in Packaging Corporation of America by 70.6% during the 2nd quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock valued at $350,539,000 after purchasing an additional 769,806 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Packaging Corporation of America by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after buying an additional 370,573 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Packaging Corporation of America by 56.4% in the second quarter. AQR Capital Management LLC now owns 888,362 shares of the industrial products company’s stock valued at $167,412,000 after buying an additional 320,418 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG opened at $222.78 on Thursday. The firm’s 50 day simple moving average is $226.33 and its 200 day simple moving average is $213.57. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $249.51. The company has a market capitalization of $19.87 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 1.70 and a beta of 0.88. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.17 and a quick ratio of 1.94.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) 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 19.22%. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the firm posted $2.47 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. As a group, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be issued a dividend of $1.25 per share. 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 payout ratio is currently 58.34%.

Insiders Place Their Bets

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $230.50, for a total value 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. The trade was 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 accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. upped their price target on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. UBS Group increased their price objective on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, Citigroup raised their price objective on shares of Packaging Corporation of America from $226.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average target price of $236.00.

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.