Packaging Co. of America (NYSE:PKG) Stake Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 378.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 151,285 shares of the industrial products company's stock after purchasing an additional 119,636 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.17% of Packaging Co. of America worth $34,059,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in shares of Packaging Co. of America by 3.2% in the third quarter. State Street Corp now owns 3,948,546 shares of the industrial products company's stock valued at $855,212,000 after buying an additional 123,050 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Packaging Co. of America by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,937,113 shares of the industrial products company's stock valued at $632,654,000 after acquiring an additional 98,223 shares in the last quarter. Geode Capital Management LLC raised its position in Packaging Co. of America by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,337,296 shares of the industrial products company's stock worth $501,896,000 after acquiring an additional 12,936 shares during the last quarter. FMR LLC lifted its holdings in shares of Packaging Co. of America by 3.4% in the third quarter. FMR LLC now owns 1,076,350 shares of the industrial products company's stock valued at $231,846,000 after purchasing an additional 35,827 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of Packaging Co. of America by 1,462.2% in the third quarter. Stifel Financial Corp now owns 573,073 shares of the industrial products company's stock valued at $123,440,000 after purchasing an additional 536,389 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PKG. Citigroup lifted their price objective on Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Wells Fargo & Company decreased their price objective on Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating on the stock in a research note on Thursday. StockNews.com cut Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Jefferies Financial Group upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating and raised their target price for the stock from $215.00 to $280.00 in a research report on Wednesday, December 18th. Finally, Truist Financial reiterated a "buy" rating and issued a $265.00 price target (down from $282.00) on shares of Packaging Co. of America in a report on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $233.00.

Packaging Co. of America Trading Down 0.5 %

PKG stock traded down $1.13 during midday trading on Monday, reaching $211.53. 551,203 shares of the company's stock traded hands, compared to its average volume of 949,828. Packaging Co. of America has a fifty-two week low of $159.57 and a fifty-two week high of $250.82. The business has a 50-day moving average price of $234.01 and a two-hundred day moving average price of $220.60. The company has a market capitalization of $19.00 billion, a P/E ratio of 23.69, a PEG ratio of 2.29 and a beta of 0.79. 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 (NYSE:PKG - Get Free Report) last posted its earnings results on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share for the quarter, missing the consensus estimate 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%. Equities research analysts forecast that Packaging Co. of America will post 11.15 EPS for the current fiscal year.

Packaging Co. of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were issued a $1.25 dividend. 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 is currently 55.99%.

Insider Buying and Selling at Packaging Co. of America

In other Packaging Co. of America news, SVP Donald R. Shirley sold 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $240.20, for a total transaction of $1,921,600.00. Following the completion of the sale, the senior vice president now owns 15,725 shares in the company, valued at $3,777,145. This trade represents a 33.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph Vaughn sold 2,300 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $244.89, for a total value of $563,247.00. Following the completion of the transaction, the senior vice president now directly owns 9,197 shares in the company, valued at approximately $2,252,253.33. The trade was a 20.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,300 shares of company stock valued at $8,064,152 in the last ninety days. Insiders own 1.60% of the company's stock.

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.