Hudson Bay Capital Management LP Grows Holdings in Packaging Corporation of America $PKG

by · The Cerbat Gem

Hudson Bay Capital Management LP grew its position in Packaging Corporation of America (NYSE:PKG – Free Report) by 12.5% in the second quarter, HoldingsChannel reports. The fund owned 45,245 shares of the industrial products company’s stock after acquiring an additional 5,035 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Packaging Corporation of America were worth $8,526,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Jacobs Levy Equity Management Inc. acquired a new position in Packaging Corporation of America in the 1st quarter valued at $2,127,000. Vise Technologies Inc. purchased a new stake in shares of Packaging Corporation of America during the second quarter worth $1,306,000. Atlas FRM LLC raised its position in shares of Packaging Corporation of America by 59.7% in the second quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock valued at $100,821,000 after buying an additional 200,000 shares during the last quarter. Arvest Bank Trust Division purchased a new position in shares of Packaging Corporation of America in the second quarter worth about $892,000. Finally, Sequoia Financial Advisors LLC boosted its position in Packaging Corporation of America by 151.2% during the second quarter. Sequoia Financial Advisors LLC now owns 4,843 shares of the industrial products company’s stock worth $913,000 after acquiring an additional 2,915 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Trading Down 0.3%

Shares of PKG stock opened at $204.76 on Monday. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $242.68. The firm has a market cap of $18.42 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.50 and a beta of 0.89. The company has a 50-day moving average of $202.08 and a two-hundred day moving average of $202.56. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00.

Packaging Corporation of America (NYSE:PKG – Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the firm posted $2.65 earnings per share. Packaging Corporation of America’s revenue was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, December 15th. Packaging Corporation of America’s dividend payout ratio is 50.56%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Zacks Research cut Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. JPMorgan Chase & Co. boosted their price objective on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday, December 8th. Finally, UBS Group lifted their price target on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $230.67.

Get Our Latest Stock Analysis on Packaging Corporation of America

Packaging Corporation of America Company Profile

(Free Report)

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.

Further Reading

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