Ieq Capital LLC Buys New Holdings in Packaging Corporation of America $PKG

Ieq Capital LLC purchased a new position in Packaging Corporation of America (NYSE:PKG) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 4,799 shares of the industrial products company’s stock, valued at approximately $1,143,000.

A number of other institutional investors also recently bought and sold shares of PKG. DV Equities LLC purchased a new stake in shares of Packaging Corporation of America in the 4th quarter valued at $26,000. Covestor Ltd raised its holdings in shares of Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Packaging Corporation of America by 94.1% during the fourth 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. Keating Financial Advisory Services Inc. acquired a new position in Packaging Corporation of America during the second quarter valued at $41,000. Finally, Navalign LLC purchased a new stake in Packaging Corporation of America in the fourth quarter valued at $36,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Performance

Shares of PKG stock opened at $246.92 on Thursday. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $259.98. The business’s 50 day moving average is $242.11 and its two-hundred day moving average is $227.94. The company has a market capitalization of $22.00 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.33 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data 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. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Analysts expect that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 7,063 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the completion of the transaction, the president directly owned 202,891 shares in the company, valued at approximately $51,534,314. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Donald R. Shirley sold 12,000 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the transaction, the vice president directly owned 19,110 shares in the company, valued at approximately $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,391 shares of company stock worth $10,196,101 in the last three months. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on PKG. JPMorgan Chase & Co. increased their price target on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Weiss Ratings cut Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. UBS Group upped their target price on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Citigroup raised their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Finally, Bank of America boosted their price target on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

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.