QRG Capital Management Inc. Buys 3,023 Shares of Packaging Corporation of America $PKG

QRG Capital Management Inc. grew its stake in Packaging Corporation of America (NYSE:PKG) by 5.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 54,259 shares of the industrial products company’s stock after buying an additional 3,023 shares during the quarter. QRG Capital Management Inc.’s holdings in Packaging Corporation of America were worth $11,515,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. DV Equities LLC acquired a new stake in shares of Packaging Corporation of America during the fourth quarter worth $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Packaging Corporation of America in the 3rd quarter worth $31,000. Covestor Ltd boosted its stake in Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 80 shares in the last quarter. Finally, Navalign LLC bought a new position in Packaging Corporation of America during the 4th quarter worth about $36,000. Institutional investors own 89.78% of the company’s stock.

Insider Transactions at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

PKG has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. JPMorgan Chase & Co. increased their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their target price for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

Packaging Corporation of America Stock Down 0.1%

Packaging Corporation of America stock opened at $237.99 on Friday. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a 1-year low of $189.03 and a 1-year high of $249.51. The company has a fifty day simple moving average of $223.82 and a 200 day simple moving average of $220.12. The company has a market cap of $21.21 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the firm posted $2.31 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Research analysts anticipate that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a dividend of $1.50 per share. The ex-dividend date is Monday, June 15th. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.5%. Packaging Corporation of America’s dividend payout ratio is currently 72.99%.

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.