Packaging Co. of America (NYSE:PKG) Stock Holdings Decreased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in Packaging Co. of America (NYSE:PKG - Free Report) by 16.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,649 shares of the industrial products company's stock after selling 6,363 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Packaging Co. of America were worth $6,817,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PKG. Van ECK Associates Corp grew its holdings in shares of Packaging Co. of America by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 14,039 shares of the industrial products company's stock worth $3,210,000 after purchasing an additional 1,392 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Packaging Co. of America by 1.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 36,536 shares of the industrial products company's stock valued at $7,870,000 after purchasing an additional 633 shares during the last quarter. Princeton Global Asset Management LLC lifted its position in shares of Packaging Co. of America by 4.6% during the 3rd quarter. Princeton Global Asset Management LLC now owns 19,010 shares of the industrial products company's stock valued at $4,095,000 after acquiring an additional 839 shares during the period. Phillips Wealth Planners LLC purchased a new position in Packaging Co. of America in the 3rd quarter valued at about $224,000. Finally, Farther Finance Advisors LLC boosted its holdings in Packaging Co. of America by 25.5% in the third quarter. Farther Finance Advisors LLC now owns 591 shares of the industrial products company's stock valued at $127,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on PKG. Truist Financial reiterated a "buy" rating and issued a $252.00 price target (up from $242.00) on shares of Packaging Co. of America in a research note on Thursday, October 24th. StockNews.com cut shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Citigroup increased their price target on Packaging Co. of America from $199.00 to $221.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Packaging Co. of America from $235.00 to $253.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Packaging Co. of America has a consensus rating of "Hold" and a consensus target price of $221.60.

Packaging Co. of America Trading Up 0.6 %

Shares of NYSE:PKG traded up $1.32 on Friday, hitting $240.80. 328,930 shares of the company's stock were exchanged, compared to its average volume of 599,443. Packaging Co. of America has a 12 month low of $148.50 and a 12 month high of $245.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.43 and a quick ratio of 1.71. The business's 50 day simple moving average is $217.31 and its two-hundred day simple moving average is $197.25. The stock has a market capitalization of $21.63 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 3.42 and a beta of 0.76.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.50 by $0.15. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.09 billion. Packaging Co. of America had a return on equity of 19.35% and a net margin of 9.46%. The business's quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. Analysts anticipate that Packaging Co. of America will post 9 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, October 15th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $5.00 annualized dividend and a dividend yield of 2.08%. Packaging Co. of America's dividend payout ratio is presently 58.28%.

Packaging Co. of America Company Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.