Susquehanna Fundamental Investments LLC Raises Position in Packaging Corporation of America $PKG

Susquehanna Fundamental Investments LLC raised its position in Packaging Corporation of America (NYSE:PKG) by 99.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,138 shares of the industrial products company’s stock after acquiring an additional 4,051 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Packaging Corporation of America were worth $1,939,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ancora Advisors LLC acquired a new stake in Packaging Corporation of America during the 2nd quarter worth $1,001,000. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in shares of Packaging Corporation of America during the fourth quarter worth $4,664,000. PNC Financial Services Group Inc. raised its position in shares of Packaging Corporation of America by 7.8% in the first quarter. PNC Financial Services Group Inc. now owns 73,669 shares of the industrial products company’s stock valued at $15,634,000 after buying an additional 5,355 shares during the last quarter. Heartland Advisors Inc. raised its position in shares of Packaging Corporation of America by 47.6% in the fourth quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company’s stock valued at $8,073,000 after buying an additional 12,621 shares during the last quarter. Finally, Adams Natural Resources Fund Inc. lifted its stake in shares of Packaging Corporation of America by 71.6% in 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 buying an additional 5,300 shares in the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on PKG. JPMorgan Chase & Co. boosted their price target on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Citigroup increased their price objective on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. UBS Group raised their target price 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. Wells Fargo & Company restated an “equal weight” rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Insider Activity at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,531 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the completion of the transaction, the president directly owned 218,751 shares in the company, valued at approximately $54,687,750. This represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Donald R. Shirley sold 12,000 shares of the firm’s 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 sale, the vice president directly owned 19,110 shares of the company’s stock, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 40,391 shares of company stock valued at $10,196,101 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Packaging Corporation of America Stock Performance

NYSE:PKG opened at $228.62 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The firm 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. The company’s 50-day moving average is $242.55 and its two-hundred day moving average is $227.82. Packaging Corporation of America has a 1-year low of $191.50 and a 1-year high of $259.98.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The business’s revenue 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. Analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current year.

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.