Heartland Advisors Inc. Takes Position in Packaging Corporation of America $PKG

Heartland Advisors Inc. bought a new stake in Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 41,808 shares of the industrial products company’s stock, valued at approximately $9,962,000.

Other hedge funds have also recently added to or reduced their stakes in the company. DV Equities LLC acquired a new stake in shares of Packaging Corporation of America in the fourth quarter worth approximately $26,000. Covestor Ltd boosted its holdings in shares of Packaging Corporation of America by 140.0% in 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 grew its stake in shares of 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 buying an additional 80 shares during the period. Keating Financial Advisory Services Inc. acquired a new stake in shares of Packaging Corporation of America during the 2nd quarter worth $41,000. Finally, Navalign LLC acquired a new stake in shares of Packaging Corporation of America during the 4th quarter worth $36,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PKG has been the subject of a number of research reports. 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. JPMorgan Chase & Co. increased 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 report on Friday, July 24th. Bank of America raised their price target 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. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, UBS Group raised their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Packaging Corporation of America Trading Up 1.4%

NYSE:PKG opened at $253.03 on Friday. The stock has a market cap of $22.54 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.80. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. The business’s 50-day simple moving average is $241.04 and its 200 day simple moving average is $227.54.

Packaging Corporation of America (NYSE:PKG) last issued 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. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the firm earned $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. As a group, sell-side analysts predict that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the 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 completion of the transaction, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Hassfurther sold 12,531 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 37,657 shares of company stock valued at $9,199,044. Company insiders own 1.60% of the company’s stock.

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.