South Dakota Investment Council maintained its stake in shares of KapStone Paper and Packaging Corporation (NYSE:KS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,500 shares of the basic materials company’s stock at the end of the first quarter. South Dakota Investment Council’s holdings in KapStone Paper and Packaging Corporation were worth $450,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of KapStone Paper and Packaging Corporation by 389.6% in 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 buying an additional 7,912 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of KapStone Paper and Packaging Corporation by 3.7% in the first quarter. Teachers Advisors LLC now owns 153,345 shares of the basic materials company’s stock valued at $3,542,000 after buying an additional 5,404 shares during the last quarter. Vivaldi Capital Management LLC purchased a new stake in shares of KapStone Paper and Packaging Corporation during the first quarter valued at approximately $4,191,957,000. Wellington Management Group LLP boosted its stake in shares of KapStone Paper and Packaging Corporation by 44.5% in the first quarter. Wellington Management Group LLP now owns 5,082,064 shares of the basic materials company’s stock valued at $117,396,000 after buying an additional 1,564,976 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of KapStone Paper and Packaging Corporation by 2.5% in the first quarter. Principal Financial Group Inc. now owns 682,194 shares of the basic materials company’s stock valued at $15,759,000 after buying an additional 16,481 shares during the last quarter. 84.52% of the stock is owned by institutional investors and hedge funds.

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

KapStone Paper and Packaging Corporation (NYSE KS) traded up 1.13% during midday trading on Friday, reaching $21.57. The company had a trading volume of 1,007,173 shares. The company has a market cap of $2.09 billion, a PE ratio of 28.05 and a beta of 2.77. The company’s 50-day moving average is $20.98 and its 200 day moving average is $22.33. KapStone Paper and Packaging Corporation has a 52-week low of $12.14 and a 52-week high of $24.98.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.07. The company had revenue of $765.80 million during the quarter, compared to the consensus estimate of $770.10 million. KapStone Paper and Packaging Corporation had a net margin of 2.45% and a return on equity of 11.18%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. On average, equities research analysts forecast that KapStone Paper and Packaging Corporation will post $1.36 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Thursday, June 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, June 27th. This represents a $0.40 dividend on an annualized basis and a yield of 1.85%. KapStone Paper and Packaging Corporation’s dividend payout ratio is 51.28%.

TRADEMARK VIOLATION WARNING: “South Dakota Investment Council Maintains Position in KapStone Paper and Packaging Corporation (KS)” was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.watchlistnews.com/south-dakota-investment-council-maintains-position-in-kapstone-paper-and-packaging-corporation-ks/1372563.html.

Several brokerages recently commented on KS. ValuEngine cut KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Barclays PLC lowered their price target on KapStone Paper and Packaging Corporation from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, May 1st. Zacks Investment Research raised KapStone Paper and Packaging Corporation from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Royal Bank Of Canada reissued a “buy” rating on shares of KapStone Paper and Packaging Corporation in a research note on Friday, April 28th. Finally, Vertical Research cut KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.83.

In other KapStone Paper and Packaging Corporation news, Director Jonathan R. Furer sold 12,484 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $21.23, for a total value of $265,035.32. Following the completion of the transaction, the director now directly owns 1,178,915 shares in the company, valued at $25,028,365.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David P. Storch purchased 5,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was bought at an average price of $20.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now owns 45,127 shares of the company’s stock, valued at $902,540. The disclosure for this purchase can be found here. 13.30% of the stock is owned by company insiders.

KapStone Paper and Packaging Corporation Company 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.

Want to see what other hedge funds are holding KS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KapStone Paper and Packaging Corporation (NYSE:KS).

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.