Vise Technologies Inc. Takes $2.59 Million Position in Packaging Corporation of America $PKG

Vise Technologies Inc. acquired a new position in Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 10,880 shares of the industrial products company’s stock, valued at approximately $2,592,000.

Other large investors also recently bought and sold shares of the company. DV Equities LLC bought a new position in Packaging Corporation of America during the 4th quarter valued at about $26,000. Covestor Ltd grew its stake in shares of Packaging Corporation of America by 140.0% in the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of Packaging Corporation of America by 94.1% during the fourth 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 purchased a new position in shares of Packaging Corporation of America during the fourth quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. lifted its position in Packaging Corporation of America by 40.4% during the first 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 period. 89.78% of the stock is currently owned by institutional investors.

Insider Activity at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,531 shares of the business’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 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,657 shares of company stock worth $9,199,044 over the last quarter. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $253.03 on Friday. The firm’s 50 day moving average price is $241.04 and its 200-day moving average price is $227.54. Packaging Corporation of America has a twelve month low of $191.50 and a twelve 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 capitalization of $22.54 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities research analysts expect that Packaging Corporation of America will post 10.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Truist Financial lifted their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. 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 report on Thursday, July 9th. UBS Group raised their price target on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. raised their price target on 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. Finally, Citigroup lifted their price objective on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. One equities 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’s stock. According to data from MarketBeat, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

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.