Kennedy Capital Management Inc. grew its holdings in KapStone Paper and Packaging Corp. (NYSE:KS) by 74.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,799 shares of the basic materials company’s stock after buying an additional 146,736 shares during the period. Kennedy Capital Management Inc. owned 0.35% of KapStone Paper and Packaging worth $7,801,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in KS. Public Employees Retirement System of Ohio lifted its holdings in KapStone Paper and Packaging by 4.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock worth $123,000 after buying an additional 239 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in shares of KapStone Paper and Packaging in the 4th quarter valued at about $134,000. SG Americas Securities LLC acquired a new position in KapStone Paper and Packaging during the 3rd quarter worth approximately $188,000. Raymond James Financial Services Advisors Inc. acquired a new position in KapStone Paper and Packaging during the 4th quarter worth approximately $214,000. Finally, SFE Investment Counsel acquired a new position in KapStone Paper and Packaging during the 3rd quarter worth approximately $215,000. 84.83% of the stock is owned by institutional investors.
Shares of KapStone Paper and Packaging Corp. (KS) traded up $0.01 during midday trading on Wednesday, reaching $34.80. 826,989 shares of the company were exchanged, compared to its average volume of 2,050,000. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.21 and a current ratio of 1.96. KapStone Paper and Packaging Corp. has a 52 week low of $19.59 and a 52 week high of $35.01. The stock has a market cap of $3,390.00, a price-to-earnings ratio of 35.51, a P/E/G ratio of 1.32 and a beta of 3.04.
The company also recently announced a None dividend, which will be paid on Wednesday, April 11th. Investors of record on Wednesday, March 28th will be paid a dividend of $0.10 per share. This represents a dividend yield of 1.14%. The ex-dividend date is Tuesday, March 27th. KapStone Paper and Packaging’s dividend payout ratio (DPR) is 40.82%.
KS has been the subject of several research reports. ValuEngine raised KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet upgraded KapStone Paper and Packaging from a “c+” rating to a “b-” rating in a research report on Monday, January 8th. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 price objective on shares of KapStone Paper and Packaging in a research report on Thursday, January 25th. DA Davidson cut KapStone Paper and Packaging from a “buy” rating to a “neutral” rating in a research note on Thursday, February 8th. Finally, Zacks Investment Research raised KapStone Paper and Packaging from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.71.
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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.
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