1,532,500 Shares in Packaging Corporation of America $PKG Bought by Atlas FRM LLC

Key Points

• Atlas FRM LLC acquired 1.53 million shares of Packaging Corporation of America worth approximately $365.2 million, making PKG its second-largest portfolio holding and giving the fund a 1.72% stake.
• Institutional investors own 89.78% of PKG, while company insiders have sold 37,657 shares worth about $9.2 million over the past three months.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $264.57. PKG recently reported adjusted earnings of $2.35 per share, exceeding estimates, while quarterly revenue rose 14.7% year over year to $2.49 billion.

Atlas FRM LLC acquired a new position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,532,500 shares of the industrial products company's stock, valued at approximately $365,164,100,000. Packaging Corporation of America comprises about 15.6% of Atlas FRM LLC's investment portfolio, making the stock its 2nd largest holding. Atlas FRM LLC owned 1.72% of Packaging Corporation of America as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. PEAK6 LLC purchased a new stake in shares of Packaging Corporation of America during the second quarter worth about $5,129,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Packaging Corporation of America during the second quarter valued at approximately $425,000. Bank of Nova Scotia acquired a new stake in Packaging Corporation of America during the second quarter worth approximately $6,365,000. Daiichi Life Insurance Co. Ltd. purchased a new stake in Packaging Corporation of America in the 2nd quarter worth approximately $3,426,000. Finally, Commerce Bank purchased a new stake in Packaging Corporation of America in the 2nd quarter worth approximately $15,921,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the sale, the chief executive officer owned 473,610 shares in the company, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas A. Hassfurther sold 7,063 shares of the firm's stock in a transaction dated 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 completion of the transaction, the president owned 202,891 shares of the company's stock, valued at $51,534,314. The trade was a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 37,657 shares of company stock worth $9,199,044. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Truist Financial increased their price target on 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 company from $225.00 to $256.00 in a research note on Monday, May 4th. Wells Fargo & Company reissued an "equal weight" rating and issued a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. JPMorgan Chase & Co. lifted their target price on Packaging Corporation of America from $269.00 to $271.00 and gave the company an "overweight" rating in a report on Friday, July 24th. Finally, Citigroup boosted their price objective on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Packaging Corporation of America has a consensus rating of "Moderate Buy" and an average target price of $264.57.

Packaging Corporation of America Stock Up 0.1%

PKG stock opened at $253.03 on Monday. The company's 50 day simple moving average is $241.04 and its 200-day simple moving average is $227.56. The firm has a market capitalization of $22.54 billion, a P/E ratio of 32.86, 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 current ratio of 2.94 and a quick ratio of 1.86. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98.

Packaging Corporation of America (NYSE:PKG - Get Free Report) 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. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The firm had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same period in the prior year, the company posted $2.48 earnings per share. Packaging Corporation of America's revenue for the quarter 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, equities research analysts anticipate that Packaging Corporation of America will post 10.48 EPS for the current 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.

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