Edgestream Partners L.P. Makes New $5.91 Million Investment in Packaging Corporation of America $PKG

Edgestream Partners L.P. bought a new position in shares of Packaging Corporation of America (NYSE:PKG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 31,357 shares of the industrial products company’s stock, valued at approximately $5,909,000.

Other hedge funds also recently bought and sold shares of the company. Loomis Sayles & Co. L P lifted its holdings in Packaging Corporation of America by 52.9% in the 2nd quarter. Loomis Sayles & Co. L P now owns 143,831 shares of the industrial products company’s stock worth $27,105,000 after buying an additional 49,756 shares during the period. Norges Bank bought a new position in shares of Packaging Corporation of America during the second quarter valued at approximately $225,478,000. Scotia Capital Inc. lifted its stake in Packaging Corporation of America by 1.4% in the second quarter. Scotia Capital Inc. now owns 4,691 shares of the industrial products company’s stock worth $884,000 after acquiring an additional 64 shares during the period. Capital Fund Management S.A. bought a new stake in Packaging Corporation of America in the second quarter valued at $6,039,000. Finally, State Board of Administration of Florida Retirement System increased its position in Packaging Corporation of America by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 69,478 shares of the industrial products company’s stock valued at $13,093,000 after purchasing an additional 330 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PKG shares. Zacks Research lowered shares of Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday. UBS Group increased their target price on Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Truist Financial raised their target price on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Wells Fargo & Company upped their price target on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $230.17.

Packaging Corporation of America Stock Down 5.3%

Shares of NYSE:PKG opened at $192.55 on Wednesday. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $245.87. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.44 and a beta of 0.92. The stock has a fifty day simple moving average of $204.64 and a two-hundred day simple moving average of $202.15. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the firm posted $2.65 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, research analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the transaction, the chief executive officer directly owned 437,378 shares of the company’s stock, valued at $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Packaging Corporation of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.