JLB & Associates Inc. Invests $16.18 Million in Packaging Corporation of America $PKG

JLB & Associates Inc. acquired a new stake in Packaging Corporation of America (NYSE:PKG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 67,916 shares of the industrial products company’s stock, valued at approximately $16,183,000. Packaging Corporation of America accounts for 2.2% of JLB & Associates Inc.’s investment portfolio, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in PKG. Smartleaf Asset Management LLC grew its stake in Packaging Corporation of America by 5.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 52 shares during the period. TD Private Client Wealth LLC increased its holdings in Packaging Corporation of America by 2.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock worth $398,000 after purchasing an additional 54 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the period. Root Financial Partners LLC lifted its stake in Packaging Corporation of America by 28.4% in the first quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company’s stock valued at $59,000 after buying an additional 61 shares during the period. Finally, CX Institutional boosted its holdings in shares of Packaging Corporation of America by 8.2% during the 2nd quarter. CX Institutional now owns 816 shares of the industrial products company’s stock worth $195,000 after buying an additional 62 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Analysts Set New Price Targets

PKG has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. boosted their target price on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Truist Financial increased their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Bank of America raised their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Insider Buying and Selling at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Hassfurther sold 7,063 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the transaction, the president owned 202,891 shares in the company, valued at approximately $51,534,314. This trade represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 37,657 shares of company stock valued at $9,199,044. 1.60% of the stock is currently owned by insiders.

Packaging Corporation of America Stock Down 0.9%

Shares of NYSE:PKG opened at $250.75 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98. The business’s 50 day simple moving average is $239.31 and its two-hundred day simple moving average is $226.94. The firm has a market cap of $22.34 billion, a P/E ratio of 32.56, a PEG ratio of 2.41 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the company posted $2.48 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.