Man Group plc Invests $14.76 Million in Packaging Corporation of America $PKG

Man Group plc bought a new stake in Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 61,939 shares of the industrial products company’s stock, valued at approximately $14,759,000.

A number of other large investors also recently made changes to their positions in PKG. Jupiter Topco LLC purchased a new position in Packaging Corporation of America during the second quarter worth about $2,650,000. J. Goldman & Co LP bought a new stake in Packaging Corporation of America in the 2nd quarter worth about $7,606,000. Hsbc Holdings PLC purchased a new stake in Packaging Corporation of America in the 2nd quarter valued at about $38,962,000. EFG International AG bought a new position in shares of Packaging Corporation of America during the 2nd quarter worth approximately $63,000. Finally, Dayah Capital LLC bought a new position in shares of Packaging Corporation of America during the 2nd quarter worth approximately $4,889,000. 89.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PKG has been the subject of a number of research analyst reports. UBS Group increased their price target on Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price target for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Citigroup lifted their price objective on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average target price of $264.57.

Insider Buying and Selling

In other Packaging Corporation of America news, VP Donald R. Shirley sold 12,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the vice president owned 19,110 shares of the company’s stock, valued at $4,791,068.10. The trade was a 38.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Hassfurther sold 12,531 shares of the firm’s stock in a transaction 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 sale, the president owned 218,751 shares in the company, valued at approximately $54,687,750. This trade represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 40,391 shares of company stock valued at $10,196,101. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Performance

NYSE:PKG opened at $243.47 on Friday. The business’s 50-day moving average price is $242.39 and its two-hundred day moving average price is $227.97. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $259.98. The stock has a market cap of $21.69 billion, a P/E ratio of 31.62, a PEG ratio of 2.33 and a beta of 0.80. 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) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. The company had revenue of $2.49 billion during 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%.Packaging Corporation of America’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities analysts predict that Packaging Corporation of America will post 10.48 EPS 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.