Manning & Napier Advisors LLC Invests $2.91 Million in Packaging Corporation of America $PKG

Manning & Napier Advisors LLC purchased a new position in Packaging Corporation of America (NYSE:PKG) in the second quarter, Holdings Channel reports. The fund purchased 12,219 shares of the industrial products company’s stock, valued at approximately $2,912,000.

Several other institutional investors have also recently added to or reduced their stakes in PKG. DV Equities LLC bought a new stake in Packaging Corporation of America in the 4th quarter valued at about $26,000. Covestor Ltd increased its stake in shares of Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in 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 worth $34,000 after purchasing an additional 80 shares in the last quarter. Navalign LLC acquired a new stake in Packaging Corporation of America in the fourth quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. lifted its position in Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 57 shares during the period. Institutional investors own 89.78% of the company’s stock.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, VP Donald R. Shirley sold 12,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the transaction, the vice president directly owned 19,110 shares in the company, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $250.00, for a total value of $3,132,750.00. Following the completion of the sale, the president directly owned 218,751 shares of the company’s stock, valued at $54,687,750. This trade represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 40,391 shares of company stock worth $10,196,101. Company insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Down 0.9%

Shares of PKG opened at $246.60 on Wednesday. Packaging Corporation of America has a 52 week low of $191.50 and a 52 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. The firm has a market capitalization of $21.97 billion, a P/E ratio of 32.03, a P/E/G ratio of 2.35 and a beta of 0.80. The company has a 50-day simple moving average of $241.76 and a 200-day simple moving average of $227.83.

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

Analysts Set New Price Targets

Several research analysts have issued reports on PKG shares. Wells Fargo & Company restated an “equal weight” rating and issued a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Bank of America increased their price target 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. UBS Group upped their price target on shares of 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. lifted their price objective on 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. Finally, Truist Financial boosted their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $264.57.

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.