Quantbot Technologies LP Takes $819,000 Position in Packaging Corporation of America $PKG

Quantbot Technologies LP bought a new stake in Packaging Corporation of America (NYSE:PKG) in the second quarter, HoldingsChannel.com reports. The firm bought 3,436 shares of the industrial products company’s stock, valued at approximately $819,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Emerald Investment Advisers LLC acquired a new stake in Packaging Corporation of America in the 2nd quarter valued at about $5,180,000. Westpac Banking Corp acquired a new position in shares of Packaging Corporation of America during the second quarter worth about $117,000. Korea Investment CORP acquired a new position in shares of Packaging Corporation of America during the second quarter worth about $3,190,000. Ieq Capital LLC purchased a new stake in shares of Packaging Corporation of America during the second quarter worth approximately $1,143,000. Finally, Callan Family Office LLC purchased a new stake in shares of Packaging Corporation of America during the second quarter worth approximately $295,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on PKG. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Citigroup raised their price objective on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Bank of America lifted 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. Finally, JPMorgan Chase & Co. boosted 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Insider Activity at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 7,063 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the completion of the sale, the president owned 202,891 shares in the company, valued at approximately $51,534,314. The trade was a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Donald R. Shirley sold 12,000 shares of the company’s stock in a transaction on 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 transaction, the vice president owned 19,110 shares of the company’s stock, valued at approximately $4,791,068.10. The trade was a 38.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,391 shares of company stock valued at $10,196,101 in the last 90 days. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $246.92 on Thursday. The stock’s 50-day simple moving average is $242.11 and its 200-day simple moving average is $227.94. The firm has a market capitalization of $22.00 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week 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.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $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 research analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Packaging Corporation of America Company 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.