Man Group plc Purchases Shares of 61,939 Packaging Corporation of America $PKG

Key Points

• Man Group plc acquired 61,939 shares of Packaging Corporation of America during the second quarter, worth approximately $14.76 million and representing about 0.07% of the company.
• Analysts maintain a generally positive outlook, with PKG receiving an overall “Moderate Buy” rating and an average price target of $264.57.
• Packaging Corporation of America reported quarterly EPS of $2.35, exceeding estimates, while revenue rose 14.7% year over year to $2.49 billion; however, company insiders sold 40,391 shares worth about $10.2 million over the past 90 days.

Man Group plc bought a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,939 shares of the industrial products company's stock, valued at approximately $14,759,000. Man Group plc owned about 0.07% of Packaging Corporation of America at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PKG. Smartleaf Asset Management LLC boosted its stake in shares of Packaging Corporation of America by 5.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company's stock valued at $218,000 after purchasing an additional 52 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Packaging Corporation of America by 2.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company's stock valued at $398,000 after acquiring an additional 54 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in 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 worth $39,000 after acquiring an additional 57 shares during the period. Root Financial Partners LLC grew its holdings 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 acquiring an additional 61 shares during the period. Finally, CX Institutional raised its position in shares of Packaging Corporation of America by 8.2% in the 2nd quarter. CX Institutional now owns 816 shares of the industrial products company's stock worth $195,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 89.78% of the company's stock.

Insider Transactions at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 7,063 shares of the company's stock in a transaction dated 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 sale, the president owned 202,891 shares in the company, valued at $51,534,314. This represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the transaction, the vice president owned 19,110 shares of the company's stock, valued at $4,791,068.10. This trade represents a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,391 shares of company stock worth $10,196,101 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a "hold" rating to a "buy" rating and upped their target price for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Weiss Ratings upgraded Packaging Corporation of America from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday. Bank of America raised their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Finally, Citigroup boosted their target price on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a "neutral" rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $264.57.

Packaging Corporation of America Price Performance

Shares of PKG opened at $243.47 on Friday. The business's fifty day moving average is $242.39 and its 200 day moving average is $227.97. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $259.98. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85. The stock has a market cap of $21.69 billion, a P/E ratio of 31.62, a P/E/G ratio of 2.33 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced 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. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the business posted $2.48 EPS. Packaging Corporation of America's quarterly 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. Sell-side analysts anticipate that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

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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