G&S Capital LLC Has $3.20 Million Holdings in Packaging Corporation of America $PKG

Key Points

• G&S Capital increased its Packaging Corporation of America holdings by 132.3% in the second quarter, bringing its position to 13,439 shares valued at approximately $3.20 million. Institutional investors collectively own 89.78% of PKG.
• Packaging Corporation of America exceeded quarterly earnings expectations, reporting $2.35 in EPS on $2.49 billion in revenue, with revenue up 14.7% year over year.
• Insiders sold 37,657 shares worth approximately $9.20 million over the past 90 days. Analysts maintain a “Moderate Buy” consensus, with an average price target of $261.57.

G&S Capital LLC raised its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 132.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,439 shares of the industrial products company's stock after acquiring an additional 7,655 shares during the period. G&S Capital LLC's holdings in Packaging Corporation of America were worth $3,202,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. DV Equities LLC acquired a new stake in shares of Packaging Corporation of America in the 4th quarter valued at approximately $26,000. Covestor Ltd grew its holdings in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company's stock valued at $32,000 after purchasing 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 worth $34,000 after purchasing an additional 80 shares in the last quarter. Navalign LLC acquired a new position in Packaging Corporation of America during the 4th quarter worth approximately $36,000. Finally, Oslo Pensjonsforsikring AS bought a new position in Packaging Corporation of America in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Insider Transactions at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark W. Kowlzan sold 9,266 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,657 shares of company stock valued at $9,199,044 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $257.38 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $258.81. The firm has a market cap of $22.93 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 2.41 and a beta of 0.80. The firm's fifty day moving average is $236.23 and its 200-day moving average is $225.76.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share 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 the consensus estimate of $2.49 billion. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.Packaging Corporation of America's quarterly revenue 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. Sell-side analysts predict that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PKG. Wells Fargo & Company restated an "equal weight" rating and issued a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Truist Financial increased their price target 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. Citigroup raised their price objective on Packaging Corporation of America from $241.00 to $254.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Weiss Ratings cut Packaging Corporation of America from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. increased their target price on Packaging Corporation of America from $269.00 to $271.00 and gave the company an "overweight" rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $261.57.

About Packaging Corporation of America

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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