Portfolio Design Labs LLC Invests $1.97 Million in Packaging Corporation of America $PKG

Portfolio Design Labs LLC purchased a new stake in shares of Packaging Corporation of America (NYSE:PKG) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 8,275 shares of the industrial products company’s stock, valued at approximately $1,972,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in PKG. DV Equities LLC purchased a new stake in Packaging Corporation of America in the fourth quarter worth about $26,000. Covestor Ltd increased its position in Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 80 shares during the period. Navalign LLC bought a new stake in shares of Packaging Corporation of America in the 4th quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 7,063 shares of Packaging Corporation of America stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,794,002.00. Following the transaction, the president directly owned 202,891 shares of the company’s stock, valued at approximately $51,534,314. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 37,657 shares of company stock valued at $9,199,044. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PKG. UBS Group increased their price objective on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Truist Financial boosted their price objective 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. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their target price for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Finally, Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Packaging Corporation of America Stock Down 1.2%

NYSE:PKG opened at $249.87 on Friday. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98. The stock has a market capitalization of $22.26 billion, a P/E ratio of 32.45, a P/E/G ratio of 2.39 and a beta of 0.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. The company’s 50-day simple moving average is $240.55 and its 200-day simple moving average is $227.36.

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

Packaging Corporation of America Company Profile

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.