Public Employees Retirement System of Ohio Buys Shares of 28,227 Packaging Corporation of America $PKG

Public Employees Retirement System of Ohio purchased a new position in shares of Packaging Corporation of America (NYSE:PKG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,227 shares of the industrial products company’s stock, valued at approximately $6,726,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. DV Equities LLC acquired a new stake in shares of Packaging Corporation of America in the fourth quarter valued at $26,000. Covestor Ltd lifted its stake in Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in 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 worth $34,000 after acquiring an additional 80 shares in the last quarter. Navalign LLC purchased a new position in Packaging Corporation of America during the 4th quarter valued at about $36,000. Finally, Fiduciary Financial Advisors purchased a new position in Packaging Corporation of America during the 2nd quarter valued at about $36,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America lifted their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. UBS Group raised their price objective 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. Wells Fargo & Company restated an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Weiss Ratings raised shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. increased 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 report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average target price of $264.57.

Packaging Corporation of America Trading Down 2.3%

PKG opened at $228.62 on Wednesday. The business has a fifty day moving average price of $242.55 and a 200 day moving average price of $227.82. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. Packaging Corporation of America has a 12 month low of $191.50 and a 12 month high of $259.98. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 2.21 and a beta of 0.78.

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, beating analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion for 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 for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.48 EPS. 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 fiscal year.

Insider Buying and Selling

In other Packaging Corporation of America news, VP Donald R. Shirley sold 12,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $4,791,068.10. The trade was a 38.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas A. Hassfurther sold 7,063 shares of the 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 directly 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 SEC filing for this sale provides additional information. Insiders have sold 40,391 shares of company stock worth $10,196,101 over the last 90 days. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America 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.