Trexquant Investment LP Grows Position in Packaging Co. of America (NYSE:PKG)

Trexquant Investment LP boosted its stake in Packaging Co. of America (NYSE:PKG - Free Report) by 371.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,694 shares of the industrial products company's stock after buying an additional 83,261 shares during the period. Trexquant Investment LP owned approximately 0.12% of Packaging Co. of America worth $23,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in Packaging Co. of America by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 11,423,715 shares of the industrial products company's stock valued at $2,571,821,000 after purchasing an additional 133,575 shares during the period. State Street Corp raised its holdings in shares of Packaging Co. of America by 3.2% in the 3rd 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 during the period. Charles Schwab Investment Management Inc. lifted its stake in Packaging Co. of America by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,069,949 shares of the industrial products company's stock worth $691,138,000 after acquiring an additional 132,836 shares in the last quarter. Geode Capital Management LLC lifted its stake in Packaging Co. of America by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,366,723 shares of the industrial products company's stock worth $531,540,000 after acquiring an additional 29,427 shares in the last quarter. Finally, Boston Partners boosted its holdings in Packaging Co. of America by 7.0% during the 4th quarter. Boston Partners now owns 1,565,351 shares of the industrial products company's stock valued at $352,305,000 after acquiring an additional 101,755 shares during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PKG. Citigroup lifted their price objective on shares of Packaging Co. of America from $232.00 to $235.00 and gave the company 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 boosted their price target for the stock from $215.00 to $280.00 in a research note on Wednesday, December 18th. StockNews.com upgraded Packaging Co. of America from a "hold" rating to a "buy" rating in a research note on Saturday, March 29th. Truist Financial reissued a "buy" rating and set a $265.00 target price (down from $282.00) on shares of Packaging Co. of America in a research note on Thursday, January 30th. Finally, Wells Fargo & Company reduced their price target on Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $233.00.

Packaging Co. of America Stock Down 3.2 %

Shares of NYSE:PKG traded down $6.12 on Friday, hitting $183.04. 1,553,983 shares of the company's stock were exchanged, compared to its average volume of 684,687. Packaging Co. of America has a 1-year low of $169.00 and a 1-year high of $250.82. The company has a market capitalization of $16.46 billion, a PE ratio of 20.50, a P/E/G ratio of 2.41 and a beta of 0.84. 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 firm's 50-day moving average is $205.91 and its 200 day moving average is $221.60.

Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (EPS) 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%. Sell-side analysts predict that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America's dividend payout ratio (DPR) is 55.99%.

About Packaging Co. 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.