Teachers Retirement System of The State of Kentucky Has $702,000 Stake in KapStone Paper and Packaging Corporation (NYSE:KS)

Teachers Retirement System of The State of Kentucky continued to hold its position in KapStone Paper and Packaging Corporation (NYSE:KS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,400 shares of the basic materials company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in KapStone Paper and Packaging Corporation were worth $702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KS. Point72 Asset Management L.P. bought a new position in shares of KapStone Paper and Packaging Corporation during the first quarter valued at approximately $13,955,000. Macquarie Group Ltd. boosted its position in shares of KapStone Paper and Packaging Corporation by 780.7% in the first quarter. Macquarie Group Ltd. now owns 1,836,358 shares of the basic materials company’s stock valued at $42,420,000 after buying an additional 1,627,858 shares during the period. National Asset Management Inc. boosted its position in shares of KapStone Paper and Packaging Corporation by 0.7% in the first quarter. National Asset Management Inc. now owns 10,095 shares of the basic materials company’s stock valued at $234,000 after buying an additional 75 shares during the period. Scopus Asset Management L.P. boosted its position in shares of KapStone Paper and Packaging Corporation by 80.9% in the first quarter. Scopus Asset Management L.P. now owns 135,700 shares of the basic materials company’s stock valued at $3,135,000 after buying an additional 60,700 shares during the period. Finally, State Street Corp boosted its position in shares of KapStone Paper and Packaging Corporation by 0.9% in 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 buying an additional 18,772 shares during the period. 82.03% of the stock is owned by hedge funds and other institutional investors.

KapStone Paper and Packaging Corporation (KS) opened at 21.69 on Friday. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 28.58 and a beta of 2.84. The stock’s 50 day moving average price is $22.04 and its 200-day moving average price is $22.29. KapStone Paper and Packaging Corporation has a 52 week low of $14.56 and a 52 week high of $24.98.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $822.70 million for the quarter, compared to analysts’ expectations of $831.52 million. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. KapStone Paper and Packaging Corporation’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. On average, equities research analysts forecast that KapStone Paper and Packaging Corporation will post $1.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.84%. KapStone Paper and Packaging Corporation’s dividend payout ratio (DPR) is presently 51.95%.

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Several brokerages recently commented on KS. Deutsche Bank AG increased their price target on KapStone Paper and Packaging Corporation from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Zacks Investment Research raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, July 19th. Vertical Research raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 3rd. BidaskClub lowered KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Finally, BMO Capital Markets restated a “buy” rating and issued a $28.00 price objective on shares of KapStone Paper and Packaging Corporation in a research note on Tuesday, July 18th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. KapStone Paper and Packaging Corporation presently has a consensus rating of “Hold” and a consensus price target of $26.33.

In other KapStone Paper and Packaging Corporation news, Director David P. Storch bought 5,000 shares of the stock in a transaction on Thursday, May 18th. The shares were acquired at an average price of $20.00 per share, with a total value of $100,000.00. Following the acquisition, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $902,540. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Randy J. Nebel sold 10,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the vice president now directly owns 47,404 shares in the company, valued at approximately $1,137,696. The disclosure for this sale can be found here. Insiders own 13.30% of the company’s stock.

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.

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

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