J. Goldman & Co LP Makes New Investment in Packaging Corporation of America $PKG

J. Goldman & Co LP acquired a new stake in shares of Packaging Corporation of America (NYSE:PKG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 31,920 shares of the industrial products company’s stock, valued at approximately $7,606,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Packaging Corporation of America during the second quarter valued at about $1,837,506,000. Bank of New York Mellon Corp purchased a new position in shares of Packaging Corporation of America in the second quarter worth about $748,095,000. Atlas FRM LLC purchased a new position in shares of Packaging Corporation of America in the second quarter worth about $365,164,100,000. Norges Bank bought a new stake in shares of Packaging Corporation of America in the 4th quarter valued at about $237,649,000. Finally, Diamant Asset Management Inc. lifted its stake in shares of Packaging Corporation of America by 19,710.3% in the 1st quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock valued at $189,607,000 after acquiring an additional 888,936 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Packaging Corporation of America

In related news, VP Donald R. Shirley sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the completion of the transaction, the vice president owned 19,110 shares in the company, valued at $4,791,068.10. This represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Hassfurther sold 12,531 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the completion of the sale, the president directly owned 218,751 shares of the company’s stock, valued at $54,687,750. The trade was a 5.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,391 shares of company stock worth $10,196,101 over the last three months. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

PKG has been the subject of several analyst reports. Citigroup increased their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price objective for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Weiss Ratings cut shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Truist Financial lifted 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. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $264.57.

Packaging Corporation of America Stock Down 0.9%

Shares of NYSE:PKG opened at $246.60 on Wednesday. Packaging Corporation of America has a 1 year low of $191.50 and a 1 year high of $259.98. The company has a market cap of $21.97 billion, a PE ratio of 32.03, a P/E/G ratio of 2.35 and a beta of 0.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The stock’s 50-day moving average is $241.76 and its 200 day moving average is $227.83.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the company posted $2.48 EPS. Packaging Corporation of America’s quarterly revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Sell-side analysts anticipate that Packaging Corporation of America will post 10.48 EPS for the current 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.