Commerce Bank Acquires New Stake in Packaging Corporation of America $PKG

Commerce Bank acquired a new stake in shares of Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 66,818 shares of the industrial products company’s stock, valued at approximately $15,921,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. DV Equities LLC purchased a new stake in Packaging Corporation of America in the fourth quarter worth $26,000. Covestor Ltd lifted its position 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 during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position 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 during the last quarter. Navalign LLC bought a new position in shares of Packaging Corporation of America during the 4th quarter worth $36,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 57 shares during the period. 89.78% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Hassfurther sold 7,063 shares of the firm’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 transaction of $1,794,002.00. Following the completion of the transaction, the president owned 202,891 shares of the company’s stock, valued at $51,534,314. This trade represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 37,657 shares of company stock worth $9,199,044. Company insiders own 1.60% of the company’s stock.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $253.03 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98. The stock has a market cap of $22.54 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 2.39 and a beta of 0.80. The stock has a fifty day moving average of $241.04 and a 200-day moving average of $227.54.

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

Analyst Upgrades and Downgrades

PKG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price objective for the company from $225.00 to $256.00 in a research note on Monday, May 4th. Wells Fargo & Company reiterated an “equal weight” rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Citigroup boosted their price target on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Finally, UBS Group upped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.