Capital Innovations LLC Has $465,000 Holdings in KapStone Paper and Packaging Corporation (KS)

Capital Innovations LLC continued to hold its position in KapStone Paper and Packaging Corporation (NYSE:KS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,562 shares of the basic materials company’s stock at the close of the second quarter. KapStone Paper and Packaging Corporation makes up approximately 1.8% of Capital Innovations LLC’s investment portfolio, making the stock its 25th largest position. Capital Innovations LLC’s holdings in KapStone Paper and Packaging Corporation were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KS. Victory Capital Management Inc. increased its holdings in KapStone Paper and Packaging Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock valued at $106,000 after buying an additional 771 shares in the last quarter. Invictus RG acquired a new stake in shares of KapStone Paper and Packaging Corporation in the first quarter valued at about $153,000. Ameritas Investment Partners Inc. acquired a new stake in shares of KapStone Paper and Packaging Corporation in the first quarter valued at about $172,000. Riverhead Capital Management LLC grew its position in shares of KapStone Paper and Packaging Corporation by 77.3% in the second quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 3,864 shares during the period. Finally, Flinton Capital Management LLC grew its position in shares of KapStone Paper and Packaging Corporation by 75.3% in the second quarter. Flinton Capital Management LLC now owns 8,942 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 3,842 shares during the period. 83.89% of the stock is owned by institutional investors.

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Several brokerages have recently issued reports on KS. Royal Bank Of Canada reiterated a “buy” rating and issued a $27.00 target price on shares of KapStone Paper and Packaging Corporation in a research report on Monday, August 21st. Zacks Investment Research upgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, July 19th. Vertical Research upgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 3rd. BidaskClub lowered shares of KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, ValuEngine lowered shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. KapStone Paper and Packaging Corporation has an average rating of “Hold” and a consensus price target of $26.29.

KapStone Paper and Packaging Corporation (NYSE:KS) traded up 1.27% during trading on Tuesday, reaching $22.40. 170,299 shares of the company were exchanged. KapStone Paper and Packaging Corporation has a 12 month low of $17.06 and a 12 month high of $24.98. The firm has a market capitalization of $2.17 billion, a PE ratio of 29.51 and a beta of 2.78. The stock has a 50 day moving average price of $22.12 and a 200 day moving average price of $21.94.

KapStone Paper and Packaging Corporation (NYSE:KS) last issued its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. The firm 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%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 EPS. On average, analysts expect that KapStone Paper and Packaging Corporation will post $1.26 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid 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 yield of 1.81%. KapStone Paper and Packaging Corporation’s payout ratio is 51.95%.

In related news, VP Randy J. Nebel sold 10,000 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the vice president now directly owns 47,404 shares of the company’s stock, valued at approximately $1,137,696. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 13.09% of the stock is currently owned by corporate insiders.

About KapStone Paper and Packaging Corporation

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

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