JLB & Associates Inc. Buys Shares of 67,916 Packaging Corporation of America $PKG

Key Points

• JLB & Associates acquired 67,916 shares of Packaging Corporation of America, worth about $16.2 million, making PKG approximately 2.2% of the firm’s portfolio and its 18th-largest holding.
• Institutional investors own approximately 89.78% of PKG, while company insiders sold 37,657 shares worth $9.2 million over the past 90 days.
• Analysts maintain a positive outlook, with PKG carrying a consensus “Moderate Buy” rating and an average price target of $264.57. The company recently exceeded quarterly EPS estimates, reporting $2.35 versus the $2.31 consensus.

JLB & Associates Inc. acquired a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 67,916 shares of the industrial products company's stock, valued at approximately $16,183,000. Packaging Corporation of America makes up about 2.2% of JLB & Associates Inc.'s holdings, making the stock its 18th biggest holding. JLB & Associates Inc. owned approximately 0.08% of Packaging Corporation of America at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in shares of Packaging Corporation of America by 5.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company's stock worth $218,000 after acquiring an additional 52 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Packaging Corporation of America by 2.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company's stock valued at $398,000 after purchasing an additional 54 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of 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 valued at $39,000 after purchasing an additional 57 shares during the last quarter. Root Financial Partners LLC increased its position in Packaging Corporation of America by 28.4% during the 1st quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company's stock worth $59,000 after purchasing an additional 61 shares in the last quarter. Finally, CX Institutional increased its position in Packaging Corporation of America by 8.2% during the 2nd quarter. CX Institutional now owns 816 shares of the industrial products company's stock worth $195,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 89.78% of the company's stock.

Insider Buying and Selling

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,531 shares of the stock in a transaction that occurred 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 completion of the sale, the president owned 218,751 shares of the company's stock, valued at approximately $54,687,750. This represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark W. Kowlzan sold 9,266 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares of the company's stock, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 37,657 shares of company stock worth $9,199,044. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PKG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a "hold" rating to a "buy" rating and boosted their target price for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. 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. JPMorgan Chase & Co. upped their target price on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. UBS Group lifted their price target on Packaging Corporation of America from $271.00 to $292.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Bank of America upped their price objective on Packaging Corporation of America from $242.00 to $263.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Packaging Corporation of America currently has a consensus rating of "Moderate Buy" and a consensus target price of $264.57.

Packaging Corporation of America Stock Down 0.9%

Shares of NYSE:PKG opened at $250.75 on Wednesday. The firm has a market cap of $22.34 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.41 and a beta of 0.80. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $259.98. The business has a fifty day simple moving average of $239.31 and a 200 day simple moving average of $226.94. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly 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 firm 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%.The business's revenue was up 14.7% on a year-over-year basis. During the same quarter 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. Analysts predict that Packaging Corporation of America will post 10.48 earnings per share for the current year.

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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