Dayah Capital LLC Makes New Investment in Packaging Corporation of America $PKG

Key Points

• Dayah Capital LLC acquired 20,519 shares of Packaging Corporation of America in the second quarter, worth approximately $4.9 million and representing 1.6% of its portfolio. Institutional investors collectively own 89.78% of PKG.
• Packaging Corporation of America reported quarterly EPS of $2.35, exceeding estimates of $2.31, while revenue reached $2.49 billion, up 14.7% year over year. The stock opened at $246.60, near its 12-month high of $259.98.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $264.57, although company insiders sold 40,391 shares worth about $10.2 million over the past three months.

Dayah Capital LLC acquired a new stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,519 shares of the industrial products company's stock, valued at approximately $4,889,000. Packaging Corporation of America accounts for 1.6% of Dayah Capital LLC's investment portfolio, making the stock its 10th largest holding.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Packaging Corporation of America by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company's stock valued at $2,326,159,000 after buying an additional 51,790 shares during the period. BlackRock Inc. purchased a new position in Packaging Corporation of America during the second quarter worth $1,837,506,000. State Street Corp boosted its stake in Packaging Corporation of America by 1.3% during the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company's stock worth $868,349,000 after buying an additional 54,884 shares during the period. Charles Schwab Investment Management Inc. increased its position in Packaging Corporation of America by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company's stock valued at $717,372,000 after acquiring an additional 83,978 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Packaging Corporation of America by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company's stock valued at $683,997,000 after acquiring an additional 231,474 shares during the last quarter. 89.78% of the stock is owned by institutional investors.

Packaging Corporation of America Stock Down 0.9%

NYSE:PKG opened at $246.60 on Wednesday. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $259.98. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 2.35 and a beta of 0.80. The stock has a fifty day simple moving average of $241.76 and a 200-day simple moving average of $227.83. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. The firm had revenue of $2.49 billion for 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 business's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Analysts anticipate that Packaging Corporation of America will post 10.48 EPS for the current year.

Wall Street Analysts Forecast Growth

PKG has been the subject of several analyst reports. 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. Bank of America upped their price target 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. JPMorgan Chase & Co. increased their price objective 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. UBS Group raised their price objective on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, 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 report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $264.57.

Insider Activity

In other news, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America 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 sale, the vice president 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas A. Hassfurther sold 7,063 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were 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 of the company's stock, valued at $51,534,314. The trade was a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is owned by corporate insiders.

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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