Westfield Capital Management Co. LP bought a new stake in shares of KapStone Paper and Packaging Corporation (NYSE:KS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 720,600 shares of the basic materials company’s stock, valued at approximately $14,866,000. Westfield Capital Management Co. LP owned approximately 0.74% of KapStone Paper and Packaging Corporation at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of KapStone Paper and Packaging Corporation by 53,613.8% during the first quarter. BlackRock Inc. now owns 11,283,124 shares of the basic materials company’s stock valued at $260,641,000 after acquiring an additional 11,262,118 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of KapStone Paper and Packaging Corporation by 1.8% during the first quarter. Vanguard Group Inc. now owns 7,742,360 shares of the basic materials company’s stock valued at $178,849,000 after acquiring an additional 134,457 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of KapStone Paper and Packaging Corporation by 44.5% during 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 acquiring an additional 1,564,976 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of KapStone Paper and Packaging Corporation by 4.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,803,937 shares of the basic materials company’s stock valued at $110,970,000 after acquiring an additional 220,245 shares in the last quarter. Finally, State Street Corp grew its stake in shares of KapStone Paper and Packaging Corporation by 0.9% during the first quarter. State Street Corp now owns 2,045,971 shares of the basic materials company’s stock valued at $47,263,000 after acquiring an additional 18,772 shares in the last quarter. Institutional investors own 83.89% of the company’s stock.

Shares of KapStone Paper and Packaging Corporation (KS) traded down 0.767% during trading on Tuesday, hitting $22.635. 12,130 shares of the stock traded hands. KapStone Paper and Packaging Corporation has a one year low of $17.06 and a one year high of $24.98. The firm has a 50 day moving average price of $22.30 and a 200-day moving average price of $22.01. The company has a market cap of $2.19 billion, a PE ratio of 29.822 and a beta of 2.81.

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

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

KS has been the subject of several recent analyst reports. Zacks Investment Research downgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. BidaskClub downgraded KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine downgraded KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. BMO Capital Markets restated a “buy” rating and set a $28.00 target price on shares of KapStone Paper and Packaging Corporation in a research note on Tuesday, July 18th. Finally, Citigroup Inc. initiated coverage on KapStone Paper and Packaging Corporation in a research note on Wednesday, August 16th. They set a “buy” rating and a $25.00 target price for the company. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. KapStone Paper and Packaging Corporation has a consensus rating of “Buy” and an average price target of $26.29.

In other news, VP Randy J. Nebel sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the vice president now owns 47,404 shares in the company, valued at approximately $1,137,696. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 13.09% of the company’s stock.

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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.

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

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