Magnetar Financial LLC Grows Stock Position in Packaging Corporation of America $PKG

Magnetar Financial LLC increased its position in shares of Packaging Corporation of America (NYSE:PKG) by 634.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,699 shares of the industrial products company’s stock after purchasing an additional 30,838 shares during the quarter. Magnetar Financial LLC’s holdings in Packaging Corporation of America were worth $6,727,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new stake in Packaging Corporation of America in the 1st quarter valued at about $2,127,000. Vise Technologies Inc. acquired a new position in Packaging Corporation of America in the 2nd quarter valued at about $1,306,000. Commerce Bank lifted its holdings in Packaging Corporation of America by 27.7% during the 1st quarter. Commerce Bank now owns 69,401 shares of the industrial products company’s stock worth $13,743,000 after buying an additional 15,041 shares in the last quarter. Spectrum Wealth Counsel LLC purchased a new stake in shares of Packaging Corporation of America during the first quarter worth $3,854,000. Finally, JPMorgan Chase & Co. boosted its holdings in Packaging Corporation of America by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after purchasing an additional 964,085 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Stock Up 3.0%

Packaging Corporation of America stock opened at $197.38 on Friday. The company has a market capitalization of $17.76 billion, a P/E ratio of 19.96, a PEG ratio of 1.44 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The stock has a 50-day simple moving average of $206.27 and a 200-day simple moving average of $201.26.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.98%. Packaging Corporation of America’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Equities research analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PKG has been the subject of a number of analyst reports. Truist Financial boosted their price objective on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Zacks Research cut shares of Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company increased their target price on 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. Finally, Citigroup upped their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average target price of $230.17.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the sale, the chief executive officer directly owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Packaging Corporation 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.