J. Goldman & Co LP Acquires Shares of 31,920 Packaging Corporation of America $PKG

J. Goldman & Co LP bought a new stake in shares of Packaging Corporation of America (NYSE:PKG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,920 shares of the industrial products company’s stock, valued at approximately $7,606,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Packaging Corporation of America in the 2nd quarter worth about $1,837,506,000. Bank of New York Mellon Corp purchased a new position in Packaging Corporation of America during the 2nd quarter valued at about $748,095,000. Atlas FRM LLC purchased a new position in Packaging Corporation of America during the 2nd quarter valued at about $365,164,100,000. Norges Bank bought a new stake in Packaging Corporation of America during the fourth quarter worth about $237,649,000. Finally, Diamant Asset Management Inc. grew its holdings in Packaging Corporation of America by 19,710.3% in the first quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock worth $189,607,000 after purchasing an additional 888,936 shares during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PKG has been the subject of a number of analyst reports. 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 upped their price target on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Truist Financial raised their price objective 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. UBS Group lifted their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their target price for the stock from $225.00 to $256.00 in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Packaging Corporation of America Trading Down 0.9%

Shares of NYSE:PKG opened at $246.60 on Wednesday. The stock has a 50 day moving average of $241.76 and a 200 day moving average of $227.83. The company has a market cap of $21.97 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 2.35 and a beta of 0.80. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $259.98. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the business earned $2.48 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. 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 year.

Insider Buying and Selling at Packaging Corporation of America

In other news, VP Donald R. Shirley sold 12,000 shares of the firm’s stock in a transaction 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 sale, the vice president directly owned 19,110 shares in the company, valued at $4,791,068.10. This trade represents a 38.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Hassfurther sold 7,063 shares of Packaging Corporation of America stock in a transaction 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 transaction, the president owned 202,891 shares in the company, valued at approximately $51,534,314. This trade represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,391 shares of company stock worth $10,196,101 over the last 90 days. Insiders own 1.60% of the company’s stock.

About Packaging Corporation of America

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.