KapStone Paper and Packaging Corp. (KS) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in KapStone Paper and Packaging Corp. (NYSE:KS) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,874,765 shares of the basic materials company’s stock after purchasing an additional 55,687 shares during the quarter. Dimensional Fund Advisors LP owned about 5.03% of KapStone Paper and Packaging worth $104,760,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in KS. Victory Capital Management Inc. raised its position in shares of KapStone Paper and Packaging by 25,123.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,297,750 shares of the basic materials company’s stock valued at $27,888,000 after purchasing an additional 1,292,605 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of KapStone Paper and Packaging in the 2nd quarter valued at approximately $14,866,000. Emerald Advisers Inc. PA purchased a new position in shares of KapStone Paper and Packaging in the 3rd quarter valued at approximately $9,167,000. Voya Investment Management LLC raised its position in shares of KapStone Paper and Packaging by 23.3% in the 2nd quarter. Voya Investment Management LLC now owns 1,855,316 shares of the basic materials company’s stock valued at $38,276,000 after purchasing an additional 351,094 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of KapStone Paper and Packaging in the 3rd quarter valued at approximately $6,664,000. 86.08% of the stock is owned by hedge funds and other institutional investors.

In other news, Director John Chapman sold 70,765 shares of the firm’s stock in a transaction that occurred 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 owns 445,056 shares of the company’s stock, valued at approximately $9,257,164.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrea K. Tarbox sold 32,486 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $20.95, for a total transaction of $680,581.70. Following the sale, the vice president now directly owns 157,336 shares in the company, valued at approximately $3,296,189.20. The disclosure for this sale can be found here. 13.09% of the stock is owned by company insiders.

KS has been the subject of several research analyst reports. TheStreet raised shares of KapStone Paper and Packaging from a “c+” rating to a “b-” rating in a research report on Monday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $27.00 price objective on shares of KapStone Paper and Packaging in a research report on Friday, October 27th. ValuEngine raised shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Citigroup increased their price objective on shares of KapStone Paper and Packaging from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Stephens set a $30.00 price target on shares of KapStone Paper and Packaging and gave the stock a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.63.

KapStone Paper and Packaging Corp. (NYSE KS) traded up $0.66 on Thursday, reaching $26.24. 774,645 shares of the company’s stock were exchanged, compared to its average volume of 895,343. KapStone Paper and Packaging Corp. has a 12 month low of $19.59 and a 12 month high of $26.29. 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 stock has a market cap of $2,460.00, a price-to-earnings ratio of 34.99, a PEG ratio of 1.22 and a beta of 2.76.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. KapStone Paper and Packaging’s payout ratio is 53.33%.

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About KapStone Paper and Packaging

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 (NYSE:KS)

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