Cambiar Investors LLC Has $8.59 Million Stock Position in Packaging Corporation of America $PKG

Cambiar Investors LLC reduced its position in shares of Packaging Corporation of America (NYSE:PKG) by 7.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 45,556 shares of the industrial products company’s stock after selling 3,470 shares during the period. Cambiar Investors LLC’s holdings in Packaging Corporation of America were worth $8,585,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Packaging Corporation of America by 108.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock valued at $468,045,000 after acquiring an additional 1,229,219 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Packaging Corporation of America by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after purchasing an additional 964,085 shares in the last quarter. Select Equity Group L.P. raised its position in Packaging Corporation of America by 114.5% in the 1st quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company’s stock valued at $136,486,000 after purchasing an additional 367,933 shares during the last quarter. Nuveen LLC acquired a new position in Packaging Corporation of America in the first quarter worth $66,091,000. Finally, Assenagon Asset Management S.A. boosted its stake in Packaging Corporation of America by 377.1% in the second quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $49,412,000 after purchasing an additional 207,244 shares in the last quarter. 89.78% of the stock is owned by institutional investors.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total value of $5,399,250.00. Following the transaction, the chief executive officer owned 437,378 shares of the company’s stock, valued at $94,460,526.66. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG opened at $195.89 on Friday. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82. The stock has a market capitalization of $17.63 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.44 and a beta of 0.91. The business has a 50-day moving average price of $211.52 and a two-hundred day moving average price of $200.08.

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

Packaging Corporation of America Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on PKG shares. Zacks Research lowered Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Citigroup raised their price objective on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Wells Fargo & Company boosted their target price on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Truist Financial increased their price target on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Packaging Corporation of America in a report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $230.17.

About Packaging Corporation of America

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.