31,642 Shares in Packaging Co. of America (NYSE:PKG) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Packaging Co. of America (NYSE:PKG) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 31,642 shares of the industrial products company’s stock, valued at approximately $7,124,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Packaging Co. of America by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 11,423,715 shares of the industrial products company’s stock valued at $2,571,821,000 after purchasing an additional 133,575 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Packaging Co. of America by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,069,949 shares of the industrial products company’s stock valued at $691,138,000 after buying an additional 132,836 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Packaging Co. of America by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,366,723 shares of the industrial products company’s stock valued at $531,540,000 after buying an additional 29,427 shares in the last quarter. Invesco Ltd. grew its position in shares of Packaging Co. of America by 0.8% in the 4th quarter. Invesco Ltd. now owns 1,853,092 shares of the industrial products company’s stock worth $417,187,000 after buying an additional 14,775 shares during the period. Finally, Boston Partners increased its stake in shares of Packaging Co. of America by 7.0% in the 4th quarter. Boston Partners now owns 1,565,351 shares of the industrial products company’s stock worth $352,305,000 after acquiring an additional 101,755 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Truist Financial cut their price objective on shares of Packaging Co. of America from $265.00 to $238.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Seaport Res Ptn upgraded Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 13th. StockNews.com cut Packaging Co. of America from a “buy” rating to a “hold” rating in a research note on Sunday, April 6th. Citigroup boosted their target price on Packaging Co. of America from $232.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company reduced their price target on Packaging Co. of America from $209.00 to $205.00 and set an “overweight” rating for the company in a report on Thursday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $231.60.

Packaging Co. of America Stock Down 2.1 %

PKG stock opened at $184.84 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98. Packaging Co. of America has a 1-year low of $172.37 and a 1-year high of $250.82. The stock has a market capitalization of $16.62 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.41 and a beta of 0.84. The business has a fifty day moving average price of $196.03 and a 200-day moving average price of $218.15.

Packaging Co. of America (NYSE:PKG) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.10. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.12 billion. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. Equities analysts forecast that Packaging Co. of America will post 10.44 earnings per share for the current fiscal year.

Packaging Co. of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Friday, March 14th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 52.30%.

Packaging Co. of America Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.