California Public Employees Retirement System raised its holdings in shares of KapStone Paper and Packaging Corp. (NYSE:KS) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,100 shares of the basic materials company’s stock after acquiring an additional 2,500 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of KapStone Paper and Packaging worth $3,591,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in KapStone Paper and Packaging by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 771 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of KapStone Paper and Packaging by 4.2% during the second quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 239 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of KapStone Paper and Packaging during the third quarter valued at about $188,000. Riverhead Capital Management LLC grew its position in shares of KapStone Paper and Packaging by 77.3% during the second quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 3,864 shares in the last quarter. Finally, Flinton Capital Management LLC grew its position in shares of KapStone Paper and Packaging by 75.3% during the second quarter. Flinton Capital Management LLC now owns 8,942 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 3,842 shares in the last quarter. 86.08% of the stock is currently owned by institutional investors and hedge funds.

KapStone Paper and Packaging Corp. (NYSE KS) opened at $25.98 on Friday. The company has a market capitalization of $2,544.14, a PE ratio of 25.23, a P/E/G ratio of 1.27 and a beta of 2.77. KapStone Paper and Packaging Corp. has a 12-month low of $19.59 and a 12-month high of $26.47. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25.

KapStone Paper and Packaging (NYSE:KS) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). The company had revenue of $868.42 million during the quarter, compared to analysts’ expectations of $839.36 million. KapStone Paper and Packaging had a return on equity of 11.12% and a net margin of 2.29%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. analysts expect that KapStone Paper and Packaging Corp. will post 1.11 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.40 annualized dividend and a yield of 1.54%. KapStone Paper and Packaging’s dividend payout ratio is currently 53.33%.

KS has been the subject of a number of research analyst reports. ValuEngine upgraded KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. KeyCorp restated a “hold” rating on shares of KapStone Paper and Packaging in a research report on Wednesday, October 25th. Stephens initiated coverage on KapStone Paper and Packaging in a research report on Tuesday, October 24th. They set an “overweight” rating and a $28.00 price objective for the company. BMO Capital Markets cut their price objective on KapStone Paper and Packaging from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. Finally, Zacks Investment Research lowered KapStone Paper and Packaging from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. KapStone Paper and Packaging presently has an average rating of “Buy” and a consensus target price of $26.63.

In other KapStone Paper and Packaging news, VP Andrea K. Tarbox sold 32,486 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total value of $680,581.70. Following the completion of the sale, the vice president now owns 157,336 shares of the company’s stock, valued at $3,296,189.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Chapman sold 70,765 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $20.80, for a total transaction of $1,471,912.00. Following the completion of the sale, the director now directly owns 445,056 shares of the company’s stock, valued at approximately $9,257,164.80. The disclosure for this sale can be found here. Company insiders own 13.09% of the company’s stock.

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KapStone Paper and Packaging Profile

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

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Institutional Ownership by Quarter for KapStone Paper and Packaging (NYSE:KS)

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