21,739 Shares in Packaging Corporation of America $PKG Bought by Emerald Investment Advisers LLC

Emerald Investment Advisers LLC purchased a new stake in Packaging Corporation of America (NYSE:PKG) in the second quarter, Holdings Channel.com reports. The fund purchased 21,739 shares of the industrial products company’s stock, valued at approximately $5,180,000.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew 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 worth $218,000 after acquiring an additional 52 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Packaging Corporation of America by 2.9% in 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 purchasing an additional 54 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of 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 in the last quarter. Root Financial Partners LLC lifted its position in shares of Packaging Corporation of America by 28.4% during the first quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 61 shares in the last quarter. Finally, CX Institutional lifted its position in shares of Packaging Corporation of America by 8.2% during the second quarter. CX Institutional now owns 816 shares of the industrial products company’s stock valued at $195,000 after purchasing an additional 62 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PKG shares. Bank of America upped 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. JPMorgan Chase & Co. boosted their target price 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. Citigroup upped their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Truist Financial lifted their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Packaging Corporation of America Trading Up 1.4%

NYSE:PKG opened at $253.03 on Friday. Packaging Corporation of America has a 12 month low of $191.50 and a 12 month high of $259.98. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $241.04 and its 200 day moving average is $227.54. 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 announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. The business 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% compared to the same quarter last year. During the same period in the prior year, the company earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Sell-side analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Insider Buying and Selling at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,531 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the sale, the president directly owned 218,751 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the sale, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,657 shares of company stock valued at $9,199,044 in the last quarter. 1.60% of the stock is owned by corporate insiders.

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.