Select Equity Group, L.P. 13F: Adds $128M to PKG Stake

Select Equity Group Grows Stake in Packaging Stock

Select Equity Group, L.P. significantly expanded its footprint in Packaging Corporation of America (NYSE: PKG) by picking up 535,943 shares during the period. That move marked a 110.0% jump from its prior holding, lifting the fund's total count to 1,023,041 shares. According to a Form 13F filing submitted to the Securities and Exchange Commission, the updated position held an estimated market value of roughly $243.8 million at the close of the quarter. Because 13F filings look backward at past portfolio holdings, the report captures the fund's position at that specific snapshot in time and may not represent its exact current share count today.

Position Details and Prior Holdings

The fund started the period with 487,098 shares of the container and paper product manufacturer. By adding another 535,943 shares, Select Equity Group more than doubled its exposure to the business. The substantial addition signals rising interest from the asset manager, which also increased holdings in other industrial names like BWX Technologies earlier in the year.

Packaging Stock Trades Around Moving Averages

Packaging Corporation of America shares recently traded at $238.28, resting between its 52-week low of $191.50 and its 52-week high of $259.98. The stock trades above its 200-day moving average of $224.93, while hovering just under its 50-day moving average of $242.07. The company features a forward P/E of 18.2 alongside a trailing P/E of 30.9, reflecting how the market prices its earnings potential.

Dividend and Income Details

Investors in the company receive an annual dividend rate of $6.00 per share, which translates to a dividend yield of 2.58%. That payout is supported by a dividend payout ratio of 68.18%, showing how much of its earnings the firm returns directly to shareholders through cash distributions.

Analysts Set New Price Targets

Wall Street coverage on the company remains active with several recent target adjustments. On October 12, 2026, Truist Securities maintained a Buy rating and raised its price target to $280.00 from $270.00. Wells Fargo kept an Equal-Weight rating on October 7, 2026, adjusting its target slightly to $245.00. UBS maintained a Buy rating on October 5, 2026, setting a target of $289.00. Citigroup kept a Neutral rating on October 2, 2026, with a target of $253.00. JP Morgan kept an Overweight rating on September 23, 2026, with a target of $320.00. B of A Securities maintained a Buy rating on September 11, 2026, setting a target of $260.00. Earlier, UBS kept a Buy rating with a $292.00 target on August 13, 2026, and Citigroup maintained a Neutral rating at $254.00 on July 28, 2026. Across ten analyst opinions, the stock carries a consensus buy recommendation and a mean price target of $258.50.

Company Background in Lake Forest

Headquartered in Lake Forest, Illinois, Packaging Corporation of America manufactures and sells containerboard and uncoated freesheet paper products across North America. The company operates through packaging and paper segments, delivering everything from shipping containers and multi-color retail displays to office and communication papers. Founded in 1867, the firm employs 16,800 workers and serves industrial and consumer markets with corrugated packaging and specialty papers.

Looking Ahead to Upcoming Reports

Market participants are tracking the company's next earnings report, which is scheduled for October 21, 2026. Future regulatory filings will reveal whether institutional investors like Select Equity Group continue expanding their stakes or take profits following recent price action.