Dayah Capital LLC Acquires New Shares in Packaging Corporation of America $PKG

Dayah Capital LLC acquired a new position in Packaging Corporation of America (NYSE:PKG) in the second quarter, HoldingsChannel reports. The fund acquired 20,519 shares of the industrial products company’s stock, valued at approximately $4,889,000. Packaging Corporation of America comprises 1.6% of Dayah Capital LLC’s investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PKG. Smartleaf Asset Management LLC increased its position in Packaging Corporation of America by 5.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 52 shares during the period. TD Private Client Wealth LLC lifted its position in shares of Packaging Corporation of America by 2.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock worth $398,000 after purchasing an additional 54 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Packaging Corporation of America by 28.4% during the first quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 61 shares in the last quarter. Finally, CX Institutional increased its holdings in Packaging Corporation of America by 8.2% during the second quarter. CX Institutional now owns 816 shares of the industrial products company’s stock valued at $195,000 after buying an additional 62 shares during the period. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company reissued an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Bank of America increased 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. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. Citigroup upped their price objective 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. Finally, UBS Group raised their price objective on Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. 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 stock. Based on data from MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and an average price target of $264.57.

Insider Buying and Selling at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,531 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the transaction, the president directly owned 218,751 shares of the company’s stock, valued at $54,687,750. This represents a 5.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Donald R. Shirley sold 12,000 shares of the 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 completion of the sale, the vice president 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 40,391 shares of company stock worth $10,196,101. 1.60% of the stock is owned by company insiders.

Packaging Corporation of America Price Performance

Shares of PKG opened at $246.60 on Wednesday. The company has a 50 day moving average of $241.76 and a two-hundred day moving average of $227.83. 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 twelve month low of $191.50 and a twelve month high of $259.98. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 2.35 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last issued 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. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm posted $2.48 earnings per share. The business’s quarterly revenue 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. As a group, analysts predict that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

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.