Texas Permanent School Fund Decreases Position in KapStone Paper and Packaging Corp. (KS)

Texas Permanent School Fund trimmed its position in shares of KapStone Paper and Packaging Corp. (NYSE:KS) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,985 shares of the basic materials company’s stock after selling 4,701 shares during the period. Texas Permanent School Fund owned approximately 0.06% of KapStone Paper and Packaging worth $1,338,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KS. Dimensional Fund Advisors LP lifted its stake in KapStone Paper and Packaging by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 4,874,765 shares of the basic materials company’s stock worth $104,760,000 after purchasing an additional 55,687 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of KapStone Paper and Packaging by 51.9% during the third quarter. Point72 Asset Management L.P. now owns 3,360,888 shares of the basic materials company’s stock worth $72,225,000 after buying an additional 1,148,963 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of KapStone Paper and Packaging by 7.2% during the third quarter. Macquarie Group Ltd. now owns 2,132,675 shares of the basic materials company’s stock worth $45,831,000 after buying an additional 142,855 shares in the last quarter. State Street Corp increased its holdings in shares of KapStone Paper and Packaging by 2.1% during the second quarter. State Street Corp now owns 2,088,779 shares of the basic materials company’s stock worth $43,094,000 after buying an additional 42,808 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY increased its holdings in shares of KapStone Paper and Packaging by 0.5% during the third quarter. Paradigm Capital Management Inc. NY now owns 1,680,800 shares of the basic materials company’s stock worth $36,120,000 after buying an additional 8,950 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

In other news, VP Andrea K. Tarbox sold 32,486 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total transaction of $680,581.70. Following the transaction, the vice president now directly owns 157,336 shares in the company, valued at approximately $3,296,189.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.09% of the stock is owned by insiders.

A number of analysts recently weighed in on the stock. Stephens lowered shares of KapStone Paper and Packaging from an “overweight” rating to an “equal weight” rating and set a $28.00 price target for the company. in a report on Tuesday, January 30th. BMO Capital Markets cut shares of KapStone Paper and Packaging from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. Royal Bank of Canada cut shares of KapStone Paper and Packaging from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $30.00 to $35.00 in a research note on Thursday, February 1st. Citigroup reaffirmed a “neutral” rating and issued a $26.00 price objective on shares of KapStone Paper and Packaging in a research note on Tuesday, January 30th. Finally, Zacks Investment Research raised shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, January 31st. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.50.

Shares of KapStone Paper and Packaging Corp. (KS) traded up $0.05 during mid-day trading on Monday, reaching $34.53. 1,148,600 shares of the company’s stock traded hands, compared to its average volume of 2,661,609. The company has a quick ratio of 1.21, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. KapStone Paper and Packaging Corp. has a 12-month low of $19.59 and a 12-month high of $34.94. The firm has a market cap of $3,354.20, a price-to-earnings ratio of 14.04, a P/E/G ratio of 1.41 and a beta of 3.19.

KapStone Paper and Packaging (NYSE:KS) last issued its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. The firm had revenue of $859.00 million for the quarter, compared to analyst estimates of $834.23 million. KapStone Paper and Packaging had a net margin of 7.34% and a return on equity of 13.31%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. equities analysts expect that KapStone Paper and Packaging Corp. will post 1.75 earnings per share for the current fiscal year.

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KapStone Paper and Packaging 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 (NYSE:KS)

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