G&S Capital LLC Has $3.20 Million Position in Packaging Corporation of America $PKG

G&S Capital LLC lifted its holdings in Packaging Corporation of America (NYSE:PKG) by 132.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,439 shares of the industrial products company’s stock after acquiring an additional 7,655 shares during the period. G&S Capital LLC’s holdings in Packaging Corporation of America were worth $3,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PKG. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of Packaging Corporation of America during the 4th quarter worth approximately $4,664,000. PNC Financial Services Group Inc. lifted its position in shares of Packaging Corporation of America by 7.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 73,669 shares of the industrial products company’s stock valued at $15,634,000 after acquiring an additional 5,355 shares during the period. Heartland Advisors Inc. lifted its position in shares of Packaging Corporation of America by 47.6% during the 4th quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company’s stock valued at $8,073,000 after acquiring an additional 12,621 shares during the period. Adams Natural Resources Fund Inc. boosted its stake in Packaging Corporation of America by 71.6% during the first quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company’s stock worth $2,695,000 after acquiring an additional 5,300 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Packaging Corporation of America by 29.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock worth $476,270,000 after acquiring an additional 521,352 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Trading Up 1.0%

NYSE:PKG opened at $257.38 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The firm has a 50-day moving average of $236.23 and a 200-day moving average of $225.76. The company has a market cap of $22.93 billion, a PE ratio of 33.43, a PEG ratio of 2.41 and a beta of 0.80. Packaging Corporation of America has a one year low of $191.50 and a one year high of $258.81.

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 for the quarter, beating the consensus estimate of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last 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 research analysts expect that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Insider Activity at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares of the company’s stock, valued at $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Hassfurther sold 7,063 shares of Packaging Corporation of America 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 directly owned 202,891 shares in the company, valued at approximately $51,534,314. The trade was a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 37,657 shares of company stock valued at $9,199,044. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PKG. Bank of America raised 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 report on Tuesday, July 14th. UBS Group cut their price objective on shares of Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Citigroup raised their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. 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 report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price target for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $261.57.

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.