KapStone Paper and Packaging Corporation (KS) Stake Boosted by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. grew its stake in shares of KapStone Paper and Packaging Corporation (NYSE:KS) by 35.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,972 shares of the basic materials company’s stock after acquiring an additional 75,375 shares during the quarter. Kennedy Capital Management Inc. owned about 0.30% of KapStone Paper and Packaging Corporation worth $6,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of KS. Bank of Montreal Can increased its holdings in shares of KapStone Paper and Packaging Corporation by 14.4% during the first quarter. Bank of Montreal Can now owns 31,793 shares of the basic materials company’s stock valued at $734,000 after acquiring an additional 4,007 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of KapStone Paper and Packaging Corporation by 5.7% during the first quarter. Nationwide Fund Advisors now owns 143,529 shares of the basic materials company’s stock valued at $3,316,000 after acquiring an additional 7,697 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of KapStone Paper and Packaging Corporation by 420.8% during the first quarter. Canada Pension Plan Investment Board now owns 65,100 shares of the basic materials company’s stock valued at $1,504,000 after acquiring an additional 52,600 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of KapStone Paper and Packaging Corporation by 2.1% during the first quarter. Great West Life Assurance Co. Can now owns 210,288 shares of the basic materials company’s stock valued at $4,859,000 after acquiring an additional 4,289 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of KapStone Paper and Packaging Corporation by 26.3% during the first quarter. First Trust Advisors LP now owns 84,630 shares of the basic materials company’s stock valued at $1,955,000 after acquiring an additional 17,621 shares in the last quarter. Hedge funds and other institutional investors own 83.90% of the company’s stock.

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

Several research firms have recently issued reports on KS. Zacks Investment Research upgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and set a $27.00 price objective on shares of KapStone Paper and Packaging Corporation in a report on Monday, August 21st. Vertical Research upgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 3rd. BidaskClub downgraded shares of KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Citigroup Inc. began coverage on shares of KapStone Paper and Packaging Corporation in a report on Wednesday, August 16th. They set a “buy” rating and a $25.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. KapStone Paper and Packaging Corporation currently has an average rating of “Hold” and a consensus target price of $26.29.

KapStone Paper and Packaging Corporation (NYSE:KS) opened at 23.04 on Wednesday. The firm has a market cap of $2.23 billion, a P/E ratio of 30.36 and a beta of 2.81. KapStone Paper and Packaging Corporation has a one year low of $16.91 and a one year high of $24.98. The company has a 50-day moving average of $22.29 and a 200 day moving average of $22.01.

KapStone Paper and Packaging Corporation (NYSE:KS) last issued its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.27. KapStone Paper and Packaging Corporation had a return on equity of 11.26% and a net margin of 2.39%. The company had revenue of $822.70 million during the quarter, compared to analysts’ expectations of $831.52 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts expect that KapStone Paper and Packaging Corporation will post $1.27 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Thursday, September 28th. KapStone Paper and Packaging Corporation’s dividend payout ratio is currently 51.95%.

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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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