Concentric Capital Strategies LP Purchases 12,561 Shares of Packaging Corporation of America $PKG

Concentric Capital Strategies LP increased its position in shares of Packaging Corporation of America (NYSE:PKG) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,700 shares of the industrial products company’s stock after acquiring an additional 12,561 shares during the quarter. Packaging Corporation of America comprises approximately 1.4% of Concentric Capital Strategies LP’s investment portfolio, making the stock its 4th biggest holding. Concentric Capital Strategies LP owned about 0.16% of Packaging Corporation of America worth $31,534,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ossiam boosted its position in shares of Packaging Corporation of America by 166.3% during the third quarter. Ossiam now owns 14,796 shares of the industrial products company’s stock worth $3,224,000 after purchasing an additional 9,239 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Packaging Corporation of America by 710.9% in the 3rd quarter. Wellington Management Group LLP now owns 335,310 shares of the industrial products company’s stock valued at $73,074,000 after buying an additional 293,959 shares in the last quarter. Night Squared LP bought a new stake in shares of Packaging Corporation of America in the 3rd quarter valued at $6,793,000. NorthRock Partners LLC raised its stake in Packaging Corporation of America by 17.8% during the 3rd quarter. NorthRock Partners LLC now owns 1,514 shares of the industrial products company’s stock worth $330,000 after buying an additional 229 shares during the period. Finally, Prudential PLC bought a new position in Packaging Corporation of America during the third quarter worth about $617,000. Institutional investors own 89.78% of the company’s stock.

Insiders Place Their Bets

In related news, President Thomas A. Hassfurther sold 12,129 shares of the business’s stock in a transaction on 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. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Citigroup lifted their price objective on Packaging Corporation of America from $226.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, UBS Group raised their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $236.00.

Packaging Corporation of America Stock Performance

PKG opened at $215.10 on Friday. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $249.51. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.65 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. The business’s 50-day moving average price is $226.57 and its two-hundred day moving average price is $213.59.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.32 EPS 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 analyst estimates of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the company posted $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Equities analysts expect that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. 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.