UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Packaging Corporation of America (NYSE:PKG – Free Report) by 3.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 355,504 shares of the industrial products company’s stock after purchasing an additional 12,555 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Packaging Corporation of America were worth $84,709,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DV Equities LLC bought a new position in shares of Packaging Corporation of America during the 4th quarter worth approximately $26,000. Covestor Ltd increased its position in shares of Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 80 shares during the period. Navalign LLC purchased a new position in Packaging Corporation of America in the fourth quarter worth $36,000. Finally, Fiduciary Financial Advisors purchased a new position in Packaging Corporation of America in the second quarter worth $36,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 7,063 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the sale, the president owned 202,891 shares in the company, valued at $51,534,314. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 completion of the transaction, the vice president directly owned 19,110 shares of the company’s stock, valued at $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,391 shares of company stock worth $10,196,101 in the last three months. Insiders own 1.60% of the company’s stock.
Packaging Corporation of America Price Performance
Packaging Corporation of America (NYSE:PKG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The company 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 18.94%. Packaging Corporation of America’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities analysts expect that Packaging Corporation of America will post 10.48 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Bank of America raised their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Wells Fargo & Company restated an “equal weight” rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Citigroup lifted their price objective on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Finally, Truist Financial boosted their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.
Check Out Our Latest Analysis on PKG
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.
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