Ieq Capital LLC Acquires New Shares in Packaging Corporation of America $PKG

Key Points

• Ieq Capital acquired 4,799 shares of Packaging Corporation of America in the second quarter, worth approximately $1.14 million. Institutional investors collectively own 89.78% of PKG.
• PKG reported quarterly earnings of $2.35 per share, exceeding estimates of $2.31, while revenue rose 14.7% year over year to $2.49 billion. The stock traded at $246.92, near its 52-week high, with a consensus analyst rating of “Moderate Buy” and an average price target of $264.57.
• Analyst sentiment remains broadly positive, though insiders sold 40,391 shares worth about $10.2 million during the latest quarter, including significant sales by the company’s president and a vice president.

Ieq Capital LLC bought a new position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,799 shares of the industrial products company's stock, valued at approximately $1,143,000.

A number of other institutional investors have also added to or reduced their stakes in PKG. DV Equities LLC purchased a new stake in shares of Packaging Corporation of America in the 4th quarter worth approximately $26,000. Covestor Ltd increased its holdings in Packaging Corporation of America by 140.0% during the fourth 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 holdings in Packaging Corporation of America by 94.1% during the fourth 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 during the period. Navalign LLC bought a new position in Packaging Corporation of America in the fourth quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. raised its stake in Packaging Corporation of America by 40.4% in the first 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 in the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Trading Up 0.2%

Packaging Corporation of America stock opened at $246.92 on Thursday. The stock has a 50-day moving average of $242.11 and a two-hundred day moving average of $227.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The stock has a market cap of $22.00 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80.

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 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm earned $2.48 earnings per share. The company's revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, research analysts anticipate that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Truist Financial increased their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. Citigroup upped their price objective on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 28th. Weiss Ratings downgraded Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a "hold" rating to a "buy" rating and lifted their target price for the company from $225.00 to $256.00 in a research note on Monday, May 4th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $264.57.

Insider Buying and Selling

In related news, President Thomas A. Hassfurther sold 7,063 shares of Packaging Corporation of America 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 directly owned 202,891 shares in the company, valued at $51,534,314. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Donald R. Shirley sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the sale, the vice president directly owned 19,110 shares in the company, valued at approximately $4,791,068.10. This represents a 38.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 40,391 shares of company stock valued at $10,196,101 over the last quarter. 1.60% of the stock is owned by company insiders.

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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