Danske Bank A S Buys Shares of 50,117 Packaging Corporation of America $PKG

Danske Bank A S purchased a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 50,117 shares of the industrial products company's stock, valued at approximately $11,942,000. Danske Bank A S owned 0.06% of Packaging Corporation of America at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. DV Equities LLC bought a new position in shares of Packaging Corporation of America during the fourth quarter worth $26,000. Covestor Ltd grew its holdings in shares of Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company's stock valued at $32,000 after buying an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Packaging Corporation of America by 94.1% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company's stock valued at $34,000 after buying an additional 80 shares in the last quarter. Navalign LLC bought a new stake in shares of Packaging Corporation of America in the 4th quarter valued at $36,000. Finally, Geneos Wealth Management Inc. raised its stake in 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 buying an additional 57 shares during the period. Institutional investors own 89.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PKG. Citigroup boosted their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. Wells Fargo & Company reiterated 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. Weiss Ratings lowered Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. increased their target price on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a "hold" rating to a "buy" rating and raised their target price for the stock from $225.00 to $256.00 in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $264.57.

Insider Buying and Selling

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the business's 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 sale, the chief executive officer owned 473,610 shares of the company's stock, valued at $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Hassfurther sold 7,063 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following 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 SEC filing for this sale provides additional information. Insiders sold 37,657 shares of company stock worth $9,199,044 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Packaging Corporation of America Stock Down 1.2%

PKG stock opened at $249.87 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The stock has a market capitalization of $22.26 billion, a P/E ratio of 32.45, a P/E/G ratio of 2.39 and a beta of 0.80. The business has a 50-day moving average of $240.55 and a 200-day moving average of $227.36. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.Packaging Corporation of America's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, sell-side analysts anticipate that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal 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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