Caisse de depot et placement du Quebec Makes New Investment in Packaging Corporation of America $PKG

Caisse de depot et placement du Quebec bought a new stake in Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,625 shares of the industrial products company’s stock, valued at approximately $1,102,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Packaging Corporation of America during the second quarter worth about $1,837,506,000. Bank of New York Mellon Corp acquired a new position in shares of Packaging Corporation of America in the second quarter valued at approximately $748,095,000. Atlas FRM LLC bought a new position in Packaging Corporation of America in the 2nd quarter valued at approximately $365,164,100. Norges Bank bought a new position in Packaging Corporation of America in the 4th quarter valued at approximately $237,649,000. Finally, Diamant Asset Management Inc. boosted its position in Packaging Corporation of America by 19,710.3% during the 1st quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock worth $189,607,000 after buying an additional 888,936 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PKG shares. Citigroup boosted their target price on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Wells Fargo & Company reaffirmed 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 note on Thursday, July 9th. JPMorgan Chase & Co. lifted their price target 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. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. Finally, Bank of America increased their price objective on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Packaging Corporation of America Price Performance

Shares of PKG opened at $240.87 on Monday. The business has a 50-day moving average of $242.62 and a 200-day moving average of $227.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The company has a market capitalization of $21.46 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.27 and a beta of 0.80. Packaging Corporation of America has a 1 year low of $191.50 and a 1 year high of $259.98.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities research analysts anticipate that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Insider Buying and Selling

In other news, President Thomas A. Hassfurther sold 12,531 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $250.00, for a total value of $3,132,750.00. Following the sale, the president directly owned 218,751 shares of the company’s stock, valued at approximately $54,687,750. This represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction on Thursday, August 20th. The stock was 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 of the company’s stock, valued at $4,791,068.10. This represents 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 in the last 90 days. Corporate 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.