Emerald Investment Advisers LLC Takes Position in Packaging Corporation of America $PKG

Key Points

• Emerald Investment Advisers acquired 21,739 shares of Packaging Corporation of America during the second quarter, valued at approximately $5.18 million. Institutional investors collectively own 89.78% of PKG.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $264.57. Recent upgrades included Deutsche Bank, Truist Financial and Bank of America, while Wells Fargo maintained an equal-weight rating.
• PKG exceeded quarterly earnings expectations, reporting $2.35 in EPS versus the $2.31 consensus and $2.49 billion in revenue, up 14.7% year over year. However, company insiders sold 37,657 shares worth approximately $9.2 million over the past 90 days.

Emerald Investment Advisers LLC acquired a new position in Packaging Corporation of America (NYSE:PKG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,739 shares of the industrial products company's stock, valued at approximately $5,180,000.

Other large investors have also bought and sold shares of the company. DV Equities LLC acquired a new stake in shares of Packaging Corporation of America in the fourth quarter valued at about $26,000. Covestor Ltd boosted its holdings in Packaging Corporation of America by 140.0% in the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 80 shares during the period. Keating Financial Advisory Services Inc. bought a new position in Packaging Corporation of America during the 2nd quarter worth approximately $41,000. Finally, Navalign LLC acquired a new position in shares of Packaging Corporation of America in the 4th quarter worth approximately $36,000. 89.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PKG has been the subject of several recent analyst reports. 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 research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a "hold" rating to a "buy" rating and increased their price target for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Truist Financial boosted their price objective on Packaging Corporation of America from $258.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, July 15th. Bank of America raised their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings downgraded Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $264.57.

Packaging Corporation of America Price Performance

PKG stock opened at $253.03 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 company's 50-day moving average is $241.04 and its 200-day moving average is $227.54. The stock has a market capitalization of $22.54 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.80. Packaging Corporation of America has a 1 year low of $191.50 and a 1 year high of $259.98.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. The business had revenue of $2.49 billion during 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%.The firm's revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities research analysts expect that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Hassfurther sold 12,531 shares of the business's stock in a transaction 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 sale, the president owned 218,751 shares of the company's stock, valued at $54,687,750. This trade represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,657 shares of company stock worth $9,199,044 over the last ninety days. 1.60% of the stock is owned by 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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