Motley Fool Asset Management LLC Holds Position in KapStone Paper and Packaging Corporation (NYSE:KS)

Motley Fool Asset Management LLC maintained its position in shares of KapStone Paper and Packaging Corporation (NYSE:KS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 110,400 shares of the basic materials company’s stock at the end of the 2nd quarter. Motley Fool Asset Management LLC owned approximately 0.11% of KapStone Paper and Packaging Corporation worth $2,278,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in KapStone Paper and Packaging Corporation by 53,613.8% in the 1st quarter. BlackRock Inc. now owns 11,283,124 shares of the basic materials company’s stock worth $260,641,000 after purchasing an additional 11,262,118 shares during the period. Macquarie Group Ltd. raised its holdings in KapStone Paper and Packaging Corporation by 780.7% in the 1st quarter. Macquarie Group Ltd. now owns 1,836,358 shares of the basic materials company’s stock worth $42,420,000 after purchasing an additional 1,627,858 shares during the period. Wellington Management Group LLP raised its holdings in KapStone Paper and Packaging Corporation by 44.5% in the 1st quarter. Wellington Management Group LLP now owns 5,082,064 shares of the basic materials company’s stock worth $117,396,000 after purchasing an additional 1,564,976 shares during the period. Bank of America Corp DE raised its holdings in KapStone Paper and Packaging Corporation by 191.6% in the 1st quarter. Bank of America Corp DE now owns 1,316,332 shares of the basic materials company’s stock worth $30,407,000 after purchasing an additional 864,971 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in KapStone Paper and Packaging Corporation in the 1st quarter worth $13,955,000. Institutional investors own 83.89% of the company’s stock.

KapStone Paper and Packaging Corporation (KS) opened at 21.90 on Friday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 28.85 and a beta of 2.81. The stock’s 50 day moving average price is $22.29 and its 200-day moving average price is $22.01. KapStone Paper and Packaging Corporation has a 12 month low of $17.06 and a 12 month high of $24.98.

KapStone Paper and Packaging Corporation (NYSE:KS) last announced its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $822.70 million during 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%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. Equities analysts expect that KapStone Paper and Packaging Corporation will post $1.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, September 28th. KapStone Paper and Packaging Corporation’s payout ratio is currently 51.95%.

In other KapStone Paper and Packaging Corporation news, VP Randy J. Nebel sold 10,000 shares of KapStone Paper and Packaging Corporation 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 completion of the transaction, 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 accessible through this hyperlink. Insiders own 13.09% of the company’s stock.

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A number of equities analysts recently commented on KS shares. ValuEngine cut KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. BidaskClub lowered KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered KapStone Paper and Packaging Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Vertical Research upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 3rd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $28.00 price target on shares of KapStone Paper and Packaging Corporation in a research note on Tuesday, July 18th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $26.29.

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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