AssuredPartners Investment Advisors LLC Takes $1.42 Million Position in Packaging Corporation of America $PKG

Key Points

• AssuredPartners Investment Advisors acquired 5,959 shares of Packaging Corporation of America worth approximately $1.42 million, while institutional investors collectively own 89.78% of PKG.
• Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $264.57; several firms recently raised their targets.
• PKG reported quarterly earnings of $2.35 per share, exceeding estimates by $0.04, while revenue rose 14.7% year over year to $2.49 billion. Shares opened at $253.10, near their 52-week high of $259.98.

AssuredPartners Investment Advisors LLC acquired a new position in Packaging Corporation of America (NYSE:PKG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,959 shares of the industrial products company's stock, valued at approximately $1,420,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PKG. BlackRock Inc. purchased a new stake in Packaging Corporation of America in the second quarter worth approximately $1,837,506,000. Bank of New York Mellon Corp bought a new stake in Packaging Corporation of America in the second quarter valued at approximately $748,095,000. Norges Bank purchased a new stake in shares of Packaging Corporation of America during the fourth quarter valued at approximately $237,649,000. Diamant Asset Management Inc. boosted its stake in shares of Packaging Corporation of America by 19,710.3% during the first quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company's stock valued at $189,607,000 after purchasing an additional 888,936 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of Packaging Corporation of America in the second quarter worth approximately $133,174,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the sale, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Thomas A. Hassfurther sold 7,063 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the sale, the president owned 202,891 shares in the company, valued at $51,534,314. This represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 37,657 shares of company stock valued at $9,199,044. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on PKG. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a "hold" rating to a "buy" rating and boosted their target price for the company from $225.00 to $256.00 in a research note on Monday, May 4th. UBS Group boosted their price target on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Bank of America raised their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. boosted their target price 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. Finally, Citigroup raised their price target on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $264.57.

Packaging Corporation of America Stock Up 1.1%

PKG stock opened at $253.10 on Thursday. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $259.98. The stock has a market cap of $22.55 billion, a P/E ratio of 32.87, a PEG ratio of 2.36 and a beta of 0.80. The business's 50-day moving average price is $240.05 and its 200-day moving average price is $227.17. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, equities research analysts forecast 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.

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