South Dakota Investment Council continued to hold its position in shares of KapStone Paper and Packaging Corporation (NYSE:KS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,500 shares of the basic materials company’s stock at the close of the second quarter. South Dakota Investment Council’s holdings in KapStone Paper and Packaging Corporation were worth $402,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KS. Victory Capital Management Inc. lifted its holdings in KapStone Paper and Packaging Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock worth $106,000 after buying an additional 771 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in KapStone Paper and Packaging Corporation by 7.9% during the 1st quarter. Flinton Capital Management LLC now owns 5,100 shares of the basic materials company’s stock worth $118,000 after buying an additional 374 shares in the last quarter. Invictus RG acquired a new position in KapStone Paper and Packaging Corporation during the 1st quarter worth $153,000. Ameritas Investment Partners Inc. acquired a new position in KapStone Paper and Packaging Corporation during the 1st quarter worth $172,000. Finally, PNC Financial Services Group Inc. lifted its holdings in KapStone Paper and Packaging Corporation by 389.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,943 shares of the basic materials company’s stock worth $230,000 after buying an additional 7,912 shares in the last quarter. 83.90% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, VP Randy J. Nebel sold 10,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the vice president now owns 47,404 shares in the company, valued at $1,137,696. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.09% of the stock is owned by insiders.

Several research analysts have issued reports on KS shares. Vertical Research raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 3rd. ValuEngine raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. BidaskClub downgraded KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Wednesday, July 19th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $28.00 price target on shares of KapStone Paper and Packaging Corporation in a research note on Tuesday, July 18th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. KapStone Paper and Packaging Corporation currently has a consensus rating of “Buy” and an average target price of $26.29.

Shares of KapStone Paper and Packaging Corporation (NYSE:KS) opened at 22.85 on Friday. The company has a 50 day moving average of $22.30 and a 200-day moving average of $22.03. The company has a market cap of $2.21 billion, a PE ratio of 30.11 and a beta of 2.81. KapStone Paper and Packaging Corporation has a 52-week low of $17.06 and a 52-week high of $24.98.

KapStone Paper and Packaging Corporation (NYSE:KS) last issued its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $822.70 million for the quarter, compared to analyst estimates of $831.52 million. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. KapStone Paper and Packaging Corporation’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. Analysts forecast that KapStone Paper and Packaging Corporation will post $1.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 1.75%. KapStone Paper and Packaging Corporation’s payout ratio is 51.95%.

About KapStone Paper and Packaging Corporation

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 Corporation (NYSE:KS)

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