Capstone Investment Advisors LLC Makes New $1.87 Million Investment in Packaging Corporation of America $PKG

Capstone Investment Advisors LLC bought a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,852 shares of the industrial products company's stock, valued at approximately $1,871,000.

Other large investors have also modified their holdings of the company. Integrated Wealth Concepts LLC raised its holdings in Packaging Corporation of America by 73.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company's stock valued at $585,000 after buying an additional 1,252 shares during the period. Empowered Funds LLC boosted its stake in 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 buying an additional 5,316 shares during the period. 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 valued at $39,000 after acquiring an additional 57 shares during 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 valued at $334,000 after acquiring an additional 537 shares during the last quarter. Finally, Cresset Asset Management LLC raised its stake in shares of Packaging Corporation of America by 17.0% in the 2nd quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company's stock valued at $336,000 after acquiring an additional 258 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Insider Buying and Selling at Packaging Corporation of America

In related 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 transaction of $3,132,750.00. Following the completion of the transaction, the president directly owned 218,751 shares of the company's stock, valued at $54,687,750. The trade was a 5.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Donald R. Shirley sold 12,000 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the sale, the vice president owned 19,110 shares in the company, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their position. 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 three months. 1.60% of the stock is currently owned by insiders.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $243.47 on Friday. The firm has a market cap of $21.69 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85. The company's 50 day moving average is $242.39 and its two-hundred day moving average is $227.97.

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 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 18.94%. The firm's revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, research analysts expect that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PKG. Truist Financial lifted 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 report on Wednesday, July 15th. Weiss Ratings upgraded Packaging Corporation of America from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Packaging Corporation of America from $269.00 to $271.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a "hold" rating to a "buy" rating and boosted their price objective for the company from $225.00 to $256.00 in a report on Monday, May 4th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $264.57.

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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