California State Teachers Retirement System lowered its position in KapStone Paper and Packaging Corporation (NYSE:KS) by 9.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,075 shares of the basic materials company’s stock after selling 16,047 shares during the period. California State Teachers Retirement System owned about 0.16% of KapStone Paper and Packaging Corporation worth $3,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KS. Victory Capital Management Inc. grew its holdings in shares of KapStone Paper and Packaging Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 771 shares during the period. Riverhead Capital Management LLC lifted its position in KapStone Paper and Packaging Corporation 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. Flinton Capital Management LLC lifted its position in KapStone Paper and Packaging Corporation 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. PNC Financial Services Group Inc. lifted its position in KapStone Paper and Packaging Corporation by 389.6% during the first quarter. PNC Financial Services Group Inc. now owns 9,943 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 7,912 shares in the last quarter. Finally, CNA Financial Corp lifted its position in KapStone Paper and Packaging Corporation by 25.2% during the second quarter. CNA Financial Corp now owns 11,931 shares of the basic materials company’s stock valued at $246,000 after purchasing an additional 2,400 shares in the last quarter. 85.67% of the stock is owned by institutional investors.

KapStone Paper and Packaging Corporation (NYSE:KS) opened at $21.56 on Wednesday. KapStone Paper and Packaging Corporation has a 52-week low of $17.81 and a 52-week high of $24.98. The company has a market capitalization of $2,137.89, a PE ratio of 21.20, a PEG ratio of 1.49 and a beta of 2.80. 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 Corporation (NYSE:KS) last announced its quarterly earnings data 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). KapStone Paper and Packaging Corporation had a net margin of 2.29% and a return on equity of 11.12%. The business had revenue of $868.42 million during the quarter, compared to analysts’ expectations of $839.36 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. KapStone Paper and Packaging Corporation’s revenue was up 11.8% on a year-over-year basis. sell-side analysts predict that KapStone Paper and Packaging Corporation will post 1.11 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a $0.10 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. KapStone Paper and Packaging Corporation’s payout ratio is 53.33%.

Several equities analysts recently weighed in on KS shares. ValuEngine upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of KapStone Paper and Packaging Corporation in a research report on Wednesday, October 25th. Citigroup Inc. started coverage on KapStone Paper and Packaging Corporation in a research report on Wednesday, August 16th. They set a “buy” rating and a $25.00 target price on the stock. Stephens started coverage on KapStone Paper and Packaging Corporation in a research report on Tuesday, October 24th. They set an “overweight” rating and a $28.00 target price on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $27.00 target price on shares of KapStone Paper and Packaging Corporation in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.38.

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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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