Assenagon Asset Management S.A. Purchases New Shares in Packaging Corporation of America $PKG

Key Points

• Assenagon Asset Management acquired 12,827 shares of Packaging Corporation of America during the second quarter, valued at approximately $3.06 million. Institutional investors collectively own 89.78% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $264.57, modestly above the reported $257.41 share price.
• Packaging Corporation of America exceeded quarterly earnings expectations, reporting $2.35 in EPS versus the $2.31 consensus, while revenue increased 14.7% year over year to $2.49 billion. However, company insiders sold 37,657 shares worth approximately $9.2 million over the last quarter.

Assenagon Asset Management S.A. acquired a new stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,827 shares of the industrial products company's stock, valued at approximately $3,056,000.

Other hedge funds have also recently bought and sold shares of the company. Benchmark Financial Wealth Advisors LLC grew its holdings in shares of Packaging Corporation of America by 2.1% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company's stock valued at $484,000 after acquiring an additional 48 shares in the last quarter. River Street Advisors LLC grew its stake in Packaging Corporation of America by 1.0% in the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company's stock valued at $1,106,000 after purchasing an additional 51 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Packaging Corporation of America by 5.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company's stock valued at $218,000 after purchasing an additional 52 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of Packaging Corporation of America by 2.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company's stock worth $398,000 after purchasing an additional 54 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Packaging Corporation of America by 40.4% during the 1st 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 during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PKG. Weiss Ratings lowered shares of Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. Truist Financial increased their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. Citigroup raised their price target 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. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a "hold" rating to a "buy" rating and upped their price objective for the company from $225.00 to $256.00 in a research note on Monday, May 4th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $264.57.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $257.41 on Friday. The firm has a market capitalization of $22.93 billion, a P/E ratio of 33.43, a PEG ratio of 2.42 and a beta of 0.80. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The business has a fifty day moving average price of $237.51 and a 200-day moving average price of $226.25.

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 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. The company had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. Packaging Corporation of America's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities research analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current year.

Insider Buying and Selling at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,531 shares of the 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 transaction, the president owned 218,751 shares of the company's stock, valued at $54,687,750. This represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value 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 approximately $102,811,258.80. This represents a 1.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 37,657 shares of company stock valued at $9,199,044 over the last quarter. 1.60% of the stock is owned by company insiders.

Packaging Corporation of America News Summary

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: UBS raised its price target from $271 to $292 and upgraded its view to “buy.” The new target implies approximately 13.4% upside from the referenced share price, making this the clearest bullish catalyst for PKG. Benzinga report
• Positive Sentiment: Zacks Research increased its Q2 2028 EPS estimate to $3.73 from $3.48 and its FY2028 forecast to $14.56 from $13.99. The upgrades suggest analysts see improved longer-term earnings potential for the packaging manufacturer, supporting the investment case. MarketBeat PKG analyst estimates
• Neutral Sentiment: Packaging Corporation of America recently exceeded quarterly EPS expectations, reporting $2.35 versus the $2.31 consensus estimate, while revenue rose 14.7% year over year to $2.49 billion. However, the stock’s valuation remains elevated at roughly 33 times earnings, which could limit gains if earnings growth slows.
• Negative Sentiment: Zacks lowered its Q3 2026 EPS estimate to $2.91 from $3.07 and trimmed its FY2026 forecast to $10.40 from $10.42. The modest near-term reductions indicate some pressure on expected results, although the Q3 estimate matches the company’s guidance and the longer-term forecasts were raised. MarketBeat PKG earnings estimates
• Negative Sentiment: President Thomas Hassfurther sold 7,063 shares for approximately $1.79 million. The transaction reduced his direct ownership by 3.36% and may concern investors, though he continues to hold roughly 202,891 shares. InsiderTrades report on the executive sale

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.

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