Transamerica Financial Advisors LLC Makes New Investment in Packaging Corporation of America $PKG

Transamerica Financial Advisors LLC acquired a new stake in shares of Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,244 shares of the industrial products company’s stock, valued at approximately $774,000.

A number of other hedge funds have also recently modified their holdings of the business. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in Packaging Corporation of America during the fourth quarter valued at approximately $4,664,000. PNC Financial Services Group Inc. raised its holdings in Packaging Corporation of America by 7.8% during 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 acquiring an additional 5,355 shares during the period. Heartland Advisors Inc. raised its stake in Packaging Corporation of America by 47.6% during the 4th quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company’s stock valued at $8,073,000 after purchasing an additional 12,621 shares during the period. Adams Natural Resources Fund Inc. raised its position in shares of Packaging Corporation of America by 71.6% during the first quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company’s stock valued at $2,695,000 after buying an additional 5,300 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Packaging Corporation of America by 29.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock valued at $476,270,000 after acquiring an additional 521,352 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PKG. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Bank of America upped their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Truist Financial increased their price objective on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. 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 research note on Friday, July 24th. Finally, Citigroup boosted their target price on 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Packaging Corporation of America Trading Up 0.2%

NYSE PKG opened at $246.92 on Thursday. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. The company has a market capitalization of $22.00 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. The company’s 50-day simple moving average is $242.11 and its two-hundred day simple moving average is $227.94.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $2.49 billion for 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 company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Thomas A. Hassfurther sold 12,531 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $54,687,750. The trade was a 5.42% decrease in their position. The transaction 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 dated Thursday, August 20th. The shares were 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 in the company, valued at approximately $4,791,068.10. The trade was a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,391 shares of company stock worth $10,196,101 over the last quarter. Company insiders own 1.60% of the company’s stock.

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.