Oxford Asset Management LLP Invests $309,000 in Packaging Co. of America (NYSE:PKG)

Oxford Asset Management LLP acquired a new stake in Packaging Co. of America (NYSE:PKG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,374 shares of the industrial products company’s stock, valued at approximately $309,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boothbay Fund Management LLC increased its stake in Packaging Co. of America by 159.1% in the fourth quarter. Boothbay Fund Management LLC now owns 45,031 shares of the industrial products company’s stock valued at $10,138,000 after purchasing an additional 27,649 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Packaging Co. of America in the 4th quarter valued at $7,124,000. Coldstream Capital Management Inc. grew its holdings in shares of Packaging Co. of America by 15.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,413 shares of the industrial products company’s stock valued at $993,000 after buying an additional 575 shares during the period. Two Sigma Securities LLC raised its stake in Packaging Co. of America by 39.5% during the 4th quarter. Two Sigma Securities LLC now owns 1,366 shares of the industrial products company’s stock worth $308,000 after buying an additional 387 shares during the period. Finally, Nebula Research & Development LLC lifted its holdings in Packaging Co. of America by 609.1% during the fourth quarter. Nebula Research & Development LLC now owns 17,131 shares of the industrial products company’s stock worth $3,857,000 after acquiring an additional 14,715 shares in the last quarter. 89.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of Packaging Co. of America from $265.00 to $238.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Citigroup increased 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. StockNews.com lowered Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Sunday, April 6th. Wells Fargo & Company decreased their price objective on Packaging Co. of America from $209.00 to $205.00 and set an “overweight” rating for the company in a report on Thursday. Finally, 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. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.60.

Packaging Co. of America Price Performance

Shares of NYSE PKG opened at $184.84 on Monday. The firm has a market cap of $16.62 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 2.41 and a beta of 0.84. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a 1-year low of $172.37 and a 1-year high of $250.82. The business’s 50 day moving average is $196.03 and its 200-day moving average is $218.15.

Packaging Co. of America (NYSE:PKG) last announced 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 company had revenue of $2.14 billion for 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 research analysts predict that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Dividend Announcement

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

Packaging Co. of America Company 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.