Boston Partners Acquires 101,755 Shares of Packaging Co. of America (NYSE:PKG)

Boston Partners boosted its stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,565,351 shares of the industrial products company's stock after purchasing an additional 101,755 shares during the quarter. Boston Partners owned about 1.74% of Packaging Co. of America worth $352,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PKG. Fortitude Family Office LLC boosted its position in shares of Packaging Co. of America by 150.8% in 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 period. Larson Financial Group LLC boosted its position in shares of Packaging Co. of America by 234.7% in 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 period. Centricity Wealth Management LLC bought a new stake in shares of Packaging Co. of America in the fourth quarter valued at about $44,000. Golden State Wealth Management LLC bought a new stake in shares of Packaging Co. of America in the fourth quarter valued at about $48,000. Finally, Assetmark Inc. boosted its position in shares of Packaging Co. of America by 44.6% in the third quarter. Assetmark Inc. now owns 269 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 83 shares during the period. 89.78% of the stock is owned by institutional investors.

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Packaging Co. of America Price Performance

NYSE PKG traded down $2.88 during trading on Friday, hitting $194.30. 2,534,955 shares of the company's stock were exchanged, compared to its average volume of 619,281. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. The company has a market cap of $17.45 billion, a PE ratio of 21.76, a P/E/G ratio of 2.41 and a beta of 0.77. Packaging Co. of America has a fifty-two week low of $169.00 and a fifty-two week high of $250.82. The stock's 50 day moving average price is $214.03 and its two-hundred day moving average price is $222.24.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its earnings results on Tuesday, January 28th. The industrial products company reported $2.47 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.04). Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. Research analysts expect that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America's payout ratio is 55.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. Truist Financial reaffirmed a "buy" rating and set a $265.00 price objective (down previously from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. StockNews.com cut shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Friday. Jefferies Financial Group raised 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 research report on Wednesday, December 18th. Finally, 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 research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $233.00.

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.