The Packaging Corporation of America (PKG) has been the center of significant financial activity recently. Caption Management, Boothbay Fund Management, Canada Pension Plan Investment Board, Cubist Systematic Strategies, Wellington Management Group, Ieq Capital, B. Metzler seel. Sohn & Co., Kingdon Capital Management, Adage Capital Partners, and Appian Way Asset Management all increased their position in PKG, altogether they have acquired over 7 million shares. In contrast, Magnetar Financial, Trexquant Investment, Earnest Partners, Rafferty Asset Management, Panagora Asset Management, Comerica Bank, BNP Paribas Financial Markets, Northern Trust Corp, Public Sector Pension Investment Board, APG Asset Management, Credit Agricole and Hsbc Holdings decreased their holdings. Mixed sentiments also emerged from stock analysis, with Technical weakness, bearish signals, and mixed flow of funds. Meanwhile, the company completed the acquisition of Greif's containerboard business for $1.8 billion, increasing its capacity by 800K tons. PKG, the third biggest containerboard player in North America, is expected to continue steady performance in 2025. Additionally, the company announced a $1.25/share dividend for Q3 2025 and priced $500 million senior notes due 2035.
Packaging Corp of America PKG News Analytics from Thu, 30 Jan 2025 08:00:00 GMT to Sat, 06 Sep 2025 22:48:36 GMT - Rating -1 - Innovation -3 - Information 3 - Rumor -2
