Vise Technologies Inc. Makes New Investment in Packaging Corporation of America $PKG

Vise Technologies Inc. bought a new position in Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,880 shares of the industrial products company’s stock, valued at approximately $2,592,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PKG. DV Equities LLC bought a new position in Packaging Corporation of America in the fourth quarter worth $26,000. Covestor Ltd boosted its holdings in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings 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 in the last quarter. Navalign LLC purchased a new stake in shares of Packaging Corporation of America in the 4th quarter worth about $36,000. Finally, Oslo Pensjonsforsikring AS purchased a new stake in shares of Packaging Corporation of America in the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company 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 objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Citigroup upped 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 report on Tuesday, July 28th. 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their target price for the company from $225.00 to $256.00 in a report on Monday, May 4th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Insider Transactions at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 7,063 shares of the company’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 value of $1,794,002.00. Following the transaction, the president owned 202,891 shares in the company, valued at approximately $51,534,314. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred on 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 owned 473,610 shares in the company, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 37,657 shares of company stock valued at $9,199,044. 1.60% of the stock is owned by company insiders.

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 stock’s fifty day moving average price is $241.04 and its 200-day moving average price is $227.54. The stock has a market cap of $22.54 billion, a P/E ratio of 32.86, a P/E/G ratio of 2.36 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. The firm 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 quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities 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.