Atlas FRM LLC Purchases Shares of 1,532,500 Packaging Corporation of America $PKG

Atlas FRM LLC purchased a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,532,500 shares of the industrial products company's stock, valued at approximately $365,164,100. Packaging Corporation of America makes up about 0.0% of Atlas FRM LLC's holdings, making the stock its 2nd largest position. Atlas FRM LLC owned about 1.72% of Packaging Corporation of America as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PKG. Integrated Wealth Concepts LLC increased its position in shares of Packaging Corporation of America by 73.5% during the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company's stock worth $585,000 after purchasing an additional 1,252 shares in the last quarter. Empowered Funds LLC increased its position in shares of Packaging Corporation of America by 538.6% during the first quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company's stock worth $1,248,000 after purchasing an additional 5,316 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock worth $39,000 after purchasing an additional 57 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Packaging Corporation of America by 43.6% during the second quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company's stock worth $334,000 after purchasing an additional 537 shares in the last quarter. Finally, Cresset Asset Management LLC increased its position in shares of Packaging Corporation of America by 17.0% during the second quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company's stock worth $336,000 after purchasing an additional 258 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,531 shares of the business'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 transaction, the president directly owned 218,751 shares in the company, valued at approximately $54,687,750. The trade was a 5.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Donald R. Shirley sold 12,000 shares of the business's 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 sale, the vice president directly owned 19,110 shares of the company's stock, valued at $4,791,068.10. This represents a 38.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,391 shares of company stock valued at $10,196,101 over the last 90 days. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PKG. Bank of America lifted their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Citigroup lifted their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price target on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a "hold" rating to a "buy" rating and raised their price target for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Finally, Weiss Ratings raised Packaging Corporation of America from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Packaging Corporation of America has a consensus rating of "Moderate Buy" and an average target price of $264.57.

Packaging Corporation of America Stock Performance

NYSE PKG opened at $240.87 on Friday. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85. The business's 50 day moving average is $242.62 and its two-hundred day moving average is $228.06. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $259.98. The stock has a market capitalization of $21.46 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.30 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping 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 business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the company earned $2.48 EPS. 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. Research analysts expect that Packaging Corporation of America will post 10.48 EPS for the current year.

Packaging Corporation of America 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.