Entropy Technologies LP Acquires 2,184 Shares of Packaging Corporation of America $PKG

Entropy Technologies LP lifted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 9.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,470 shares of the industrial products company’s stock after acquiring an additional 2,184 shares during the quarter. Entropy Technologies LP’s holdings in Packaging Corporation of America were worth $4,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Packaging Corporation of America by 108.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock worth $468,045,000 after purchasing an additional 1,229,219 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Packaging Corporation of America by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after buying an additional 964,085 shares in the last quarter. Select Equity Group L.P. boosted its holdings in Packaging Corporation of America by 114.5% in the 1st quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company’s stock worth $136,486,000 after buying an additional 367,933 shares during the period. Nuveen LLC bought a new position in Packaging Corporation of America in the 1st quarter worth $66,091,000. Finally, Assenagon Asset Management S.A. increased its stake in Packaging Corporation of America by 377.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $49,412,000 after buying an additional 207,244 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the sale, the chief executive officer owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Packaging Corporation of America Stock Performance

Packaging Corporation of America stock opened at $191.66 on Friday. The company’s 50-day moving average price is $206.63 and its 200-day moving average price is $201.15. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. The company has a market cap of $17.25 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the prior year, the business posted $2.65 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, equities research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Truist Financial boosted their price objective on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Packaging Corporation of America in a report on Wednesday, September 24th. They set an “overweight” rating and a $242.00 price objective for the company. UBS Group boosted their target price on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Wells Fargo & Company upped their target price on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average price target of $230.17.

Packaging Corporation of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.