Jupiter Topco LLC Invests $2.65 Million in Packaging Corporation of America $PKG

Key Points

• Jupiter Topco LLC acquired 11,124 shares of Packaging Corporation of America worth approximately $2.65 million in the second quarter. Institutional investors collectively own 89.78% of PKG.
• Packaging Corporation of America reported quarterly revenue of $2.49 billion, up 14.7% year over year, and adjusted earnings of $2.35 per share, beating estimates by $0.04.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $264.57, while company insiders sold approximately $10.2 million of stock over the past 90 days.

Jupiter Topco LLC acquired a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 11,124 shares of the industrial products company's stock, valued at approximately $2,650,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PKG. DV Equities LLC acquired a new position in shares of Packaging Corporation of America during the 4th quarter worth approximately $26,000. Covestor Ltd lifted its holdings in 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 lifted its holdings 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 last quarter. Navalign LLC acquired a new stake in Packaging Corporation of America during the 4th quarter valued at $36,000. Finally, Fiduciary Financial Advisors bought a new position in Packaging Corporation of America during the second quarter worth $36,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG opened at $233.60 on Thursday. 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 stock's fifty day moving average price is $242.45 and its two-hundred day moving average price is $227.74. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The firm has a market cap of $20.81 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 2.33 and a beta of 0.78.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its 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 company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last 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, equities analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on PKG. Bank of America upped their price objective 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. raised their target price on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Citigroup lifted their target price on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. UBS Group upped their price target on shares of 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, Truist Financial increased their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Packaging Corporation of America has an average rating of "Moderate Buy" and an average price target of $264.57.

Insider Activity

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,531 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $250.00, for a total value of $3,132,750.00. Following the completion of the sale, the president owned 218,751 shares of the company's stock, valued at $54,687,750. The trade was a 5.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Donald R. Shirley sold 12,000 shares of the business's stock in a transaction dated 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 directly owned 19,110 shares of the company's stock, valued at $4,791,068.10. This represents a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,391 shares of company stock worth $10,196,101 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Packaging Corporation of America 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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