Caisse de depot et placement du Quebec Takes $1.10 Million Position in Packaging Corporation of America $PKG

Key Points

• Caisse de dépôt et placement du Québec bought 4,625 shares of Packaging Corporation of America in the second quarter, establishing a position valued at approximately $1.10 million. Institutional investors collectively own 89.78% of PKG.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and an average price target of $264.57, above the stock’s reported $240.87 opening price.
• Packaging Corporation of America exceeded quarterly earnings expectations, reporting $2.35 in EPS versus a $2.31 consensus estimate, while revenue rose 14.7% year over year to $2.49 billion. However, insiders sold 40,391 shares worth approximately $10.2 million over the past three months.

Caisse de depot et placement du Quebec purchased a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,625 shares of the industrial products company's stock, valued at approximately $1,102,000.

A number of other large investors have also added to or reduced their stakes in PKG. Smartleaf Asset Management LLC raised its holdings in Packaging Corporation of America by 5.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company's stock valued at $218,000 after acquiring an additional 52 shares in the last quarter. TD Private Client Wealth LLC grew its holdings 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 in the last quarter. Geneos Wealth Management Inc. grew its holdings 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 in the last quarter. Root Financial Partners LLC increased its position in shares of Packaging Corporation of America by 28.4% in the first quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company's stock worth $59,000 after purchasing an additional 61 shares during the period. Finally, CX Institutional increased its position in shares of Packaging Corporation of America by 8.2% in the second quarter. CX Institutional now owns 816 shares of the industrial products company's stock worth $195,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Wall Street Analysts Forecast Growth

PKG has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, July 15th. Bank of America raised their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Monday, May 4th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America has an average rating of "Moderate Buy" and an average target price of $264.57.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $240.87 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $259.98. The stock has a market capitalization of $21.46 billion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 2.27 and a beta of 0.80. The stock has a fifty day moving average of $242.62 and a 200-day moving average of $227.98.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data 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. 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 period last year, the firm posted $2.48 earnings per share. Packaging Corporation of America's revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, sell-side analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Insider Transactions at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,531 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the completion of the transaction, the president directly owned 218,751 shares in the company, valued at $54,687,750. This represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Donald R. Shirley sold 12,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 19,110 shares of the company's stock, valued at approximately $4,791,068.10. The trade was a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,391 shares of company stock valued at $10,196,101 in the last three months. Company insiders own 1.60% of the company's stock.

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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