Cambiar Investors LLC Sells 3,470 Shares of Packaging Corporation of America $PKG

Cambiar Investors LLC trimmed its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,556 shares of the industrial products company’s stock after selling 3,470 shares during the quarter. Cambiar Investors LLC owned about 0.05% of Packaging Corporation of America worth $8,585,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Clearstead Trust LLC boosted its stake in shares of Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 70 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 57 shares during the last quarter. TCTC Holdings LLC boosted its position in Packaging Corporation of America by 86.4% during the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 70 shares during the period. Trust Co. of Toledo NA OH bought a new stake in Packaging Corporation of America during the second quarter worth approximately $33,000. Finally, Geneos Wealth Management Inc. grew its holdings in Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the sale, the chief executive officer directly owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Price Performance

Shares of Packaging Corporation of America stock opened at $195.89 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The company has a market cap of $17.63 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91. The firm has a fifty day moving average price of $211.52 and a two-hundred day moving average price of $200.08. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.98%. During the same quarter in the prior year, the firm posted $2.65 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio is 50.56%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PKG. JPMorgan Chase & Co. began coverage on shares of Packaging Corporation of America in a research note on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price objective for the company. UBS Group lifted their target price on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Truist Financial raised their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Citigroup lifted their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $230.17.

Packaging Corporation 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.