Regents Gate Capital LLP Purchases Shares of 19,066 Packaging Co. of America (NYSE:PKG)

Regents Gate Capital LLP purchased a new position in Packaging Co. of America (NYSE:PKG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,066 shares of the industrial products company's stock, valued at approximately $4,292,000. Packaging Co. of America comprises about 1.7% of Regents Gate Capital LLP's investment portfolio, making the stock its 23rd largest position.

Several other hedge funds have also added to or reduced their stakes in the business. Fortitude Family Office LLC raised its stake in shares of Packaging Co. of America by 150.8% during the fourth quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 98 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Packaging Co. of America by 234.7% during the third quarter. Larson Financial Group LLC now owns 164 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 115 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Packaging Co. of America during the fourth quarter valued at about $48,000. Assetmark Inc. increased its position in shares of Packaging Co. of America by 44.6% during the third quarter. Assetmark Inc. now owns 269 shares of the industrial products company's stock valued at $58,000 after buying an additional 83 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Packaging Co. of America during the third quarter valued at about $64,000. 89.78% of the stock is owned by institutional investors.

Packaging Co. of America Stock Up 3.6 %

Shares of NYSE:PKG traded up $7.32 during trading on Thursday, reaching $212.01. 1,526,730 shares of the stock traded hands, compared to its average volume of 964,760. The stock has a 50-day moving average of $227.47 and a two-hundred day moving average of $221.23. Packaging Co. of America has a 52-week low of $164.20 and a 52-week high of $250.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. The stock has a market cap of $19.04 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 2.40 and a beta of 0.77.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share for the quarter, missing analysts' consensus estimates of $2.51 by ($0.04). Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. As a group, sell-side analysts expect that Packaging Co. of America will post 10.6 earnings per share for the current fiscal year.

Packaging Co. of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $5.00 dividend on an annualized basis and a yield of 2.36%. Packaging Co. of America's dividend payout ratio (DPR) is 55.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Truist Financial restated a "buy" rating and issued a $265.00 price objective (down previously from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Wells Fargo & Company cut their price objective on shares of Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Citigroup upped their price objective on shares of Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Jefferies Financial Group upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating and upped their price objective for the stock from $215.00 to $280.00 in a report on Wednesday, December 18th. Finally, StockNews.com cut shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $233.00.

Insider Activity at Packaging Co. of America

In related news, Director Paul T. Stecko sold 10,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $244.91, for a total transaction of $2,571,555.00. Following the transaction, the director now owns 8,881 shares in the company, valued at $2,175,045.71. This represents a 54.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph Vaughn sold 2,300 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $244.89, for a total transaction of $563,247.00. Following the transaction, the senior vice president now owns 9,197 shares in the company, valued at approximately $2,252,253.33. This trade represents a 20.01 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

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.