Transamerica Financial Advisors LLC Invests $774,000 in Packaging Corporation of America $PKG

Transamerica Financial Advisors LLC bought a new stake in Packaging Corporation of America (NYSE:PKG) during the second quarter, HoldingsChannel reports. The fund bought 3,244 shares of the industrial products company’s stock, valued at approximately $774,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Packaging Corporation of America by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock valued at $2,326,159,000 after acquiring an additional 51,790 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Packaging Corporation of America during the second quarter worth $1,837,506,000. State Street Corp lifted its position in Packaging Corporation of America by 1.3% during the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock valued at $868,349,000 after purchasing an additional 54,884 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Packaging Corporation of America by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock valued at $717,372,000 after purchasing an additional 83,978 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Packaging Corporation of America by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock valued at $683,997,000 after purchasing an additional 231,474 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Up 0.2%

Shares of NYSE PKG opened at $246.92 on Thursday. The firm has a market cap 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 200-day simple moving average is $227.94. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the firm earned $2.48 EPS. The company’s revenue for the quarter 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 analysts predict that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Donald R. Shirley sold 12,000 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Hassfurther sold 7,063 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the sale, the president directly owned 202,891 shares of the company’s stock, valued at approximately $51,534,314. This represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 40,391 shares of company stock valued at $10,196,101 in the last ninety days. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PKG shares. Citigroup upped their target price 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. Wells Fargo & Company reaffirmed 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. Bank of America increased their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings raised shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $264.57.

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.