Channing Capital Management LLC Buys 2,286 Shares of Packaging Corporation of America $PKG

Channing Capital Management LLC boosted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,244 shares of the industrial products company’s stock after buying an additional 2,286 shares during the quarter. Channing Capital Management LLC’s holdings in Packaging Corporation of America were worth $6,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PKG. Cornerstone Planning Group LLC lifted its stake in shares of Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 57 shares during the period. NBT Bank N A NY bought a new stake in shares of Packaging Corporation of America in the 3rd quarter valued at $41,000. Global Wealth Strategies & Associates bought a new stake in shares of Packaging Corporation of America in the 3rd quarter valued at $44,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Packaging Corporation of America during the second quarter worth $44,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted 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 report on Thursday, January 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their target price on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.00.

Insider Activity at Packaging Corporation of America

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 value of $2,795,734.50. Following the sale, the president owned 197,062 shares in the company, valued at $45,422,791. This represents a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Packaging Corporation of America Stock Down 0.8%

Shares of NYSE:PKG opened at $237.11 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $249.51. The business’s 50 day simple moving average is $220.69 and its two-hundred day simple moving average is $210.93. The firm has a market cap of $21.34 billion, a P/E ratio of 27.67, a PEG ratio of 1.82 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the company earned $2.47 earnings per share. Packaging Corporation of America’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, research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, December 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 58.34%.

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.