KapStone Paper and Packaging Corporation (NYSE:KS) Director John Chapman sold 70,765 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $20.80, for a total transaction of $1,471,912.00. Following the sale, the director now directly owns 445,056 shares in the company, valued at $9,257,164.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

KapStone Paper and Packaging Corporation (NYSE:KS) opened at $20.98 on Friday. KapStone Paper and Packaging Corporation has a one year low of $19.59 and a one year high of $24.98. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 1.64. The firm has a market cap of $2,034.16, a price-to-earnings ratio of 20.17, a PEG ratio of 1.42 and a beta of 2.80.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging Corporation had a return on equity of 11.12% and a net margin of 2.29%. The company had revenue of $868.42 million during the quarter, compared to analyst estimates of $839.36 million. During the same period last year, the company posted $0.37 earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. research analysts predict that KapStone Paper and Packaging Corporation will post 1.11 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “John Chapman Sells 70,765 Shares of KapStone Paper and Packaging Corporation (KS) Stock” was first reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.watchlistnews.com/john-chapman-sells-70765-shares-of-kapstone-paper-and-packaging-corporation-ks-stock/1713383.html.

Several analysts have issued reports on the stock. Stephens assumed coverage on shares of KapStone Paper and Packaging Corporation in a research note on Tuesday, October 24th. They set an “overweight” rating and a $28.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $27.00 target price on shares of KapStone Paper and Packaging Corporation in a research note on Monday, August 21st. Citigroup Inc. boosted their target price on shares of KapStone Paper and Packaging Corporation from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of KapStone Paper and Packaging Corporation in a research note on Wednesday, October 25th. Finally, ValuEngine downgraded shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.38.

Several hedge funds and other institutional investors have recently bought and sold shares of KS. Victory Capital Management Inc. boosted its holdings in KapStone Paper and Packaging Corporation by 25,123.5% in the third quarter. Victory Capital Management Inc. now owns 1,297,750 shares of the basic materials company’s stock worth $27,888,000 after purchasing an additional 1,292,605 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in KapStone Paper and Packaging Corporation by 51.9% in the third quarter. Point72 Asset Management L.P. now owns 3,360,888 shares of the basic materials company’s stock worth $72,225,000 after purchasing an additional 1,148,963 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in KapStone Paper and Packaging Corporation in the second quarter worth $14,866,000. Emerald Advisers Inc. PA bought a new stake in KapStone Paper and Packaging Corporation in the third quarter worth $9,167,000. Finally, Voya Investment Management LLC boosted its holdings in KapStone Paper and Packaging Corporation by 23.3% in the second quarter. Voya Investment Management LLC now owns 1,855,316 shares of the basic materials company’s stock worth $38,276,000 after purchasing an additional 351,094 shares in the last quarter. 85.14% of the stock is currently owned by institutional investors and hedge funds.

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.

Receive News & Ratings for KapStone Paper and Packaging Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KapStone Paper and Packaging Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.