IndexIQ Advisors LLC lifted its holdings in KapStone Paper and Packaging Corporation (NYSE:KS) by 108.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,459 shares of the basic materials company’s stock after purchasing an additional 55,927 shares during the quarter. IndexIQ Advisors LLC owned about 0.11% of KapStone Paper and Packaging Corporation worth $2,309,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of KS. UBS Asset Management Americas Inc. boosted its position in shares of KapStone Paper and Packaging Corporation by 34.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 57,413 shares of the basic materials company’s stock worth $1,326,000 after purchasing an additional 14,682 shares in the last quarter. Teachers Advisors LLC lifted its position in KapStone Paper and Packaging Corporation by 3.7% during the 1st quarter. Teachers Advisors LLC now owns 153,345 shares of the basic materials company’s stock worth $3,542,000 after acquiring an additional 5,404 shares during the period. PNC Financial Services Group Inc. lifted its position in KapStone Paper and Packaging Corporation by 389.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,943 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 7,912 shares during the period. Vanguard Group Inc. lifted its position in KapStone Paper and Packaging Corporation by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 7,742,360 shares of the basic materials company’s stock worth $178,849,000 after acquiring an additional 134,457 shares during the period. Finally, Geode Capital Management LLC lifted its position in KapStone Paper and Packaging Corporation by 7.6% during the 1st quarter. Geode Capital Management LLC now owns 668,676 shares of the basic materials company’s stock worth $15,446,000 after acquiring an additional 47,412 shares during the period. 85.67% of the stock is owned by hedge funds and other institutional investors.

KS has been the subject of a number of research reports. ValuEngine raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of KapStone Paper and Packaging Corporation in a research report on Wednesday, October 25th. Citigroup Inc. assumed coverage on KapStone Paper and Packaging Corporation in a research report on Wednesday, August 16th. They set a “buy” rating and a $25.00 price target for the company. Stephens assumed coverage on KapStone Paper and Packaging Corporation in a research note on Tuesday, October 24th. They set an “overweight” rating and a $28.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $27.00 price objective on shares of KapStone Paper and Packaging Corporation in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $26.38.

Shares of KapStone Paper and Packaging Corporation (NYSE:KS) traded down $0.14 during trading on Wednesday, hitting $21.42. The company had a trading volume of 48,238 shares, compared to its average volume of 1,090,926. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. KapStone Paper and Packaging Corporation has a 1 year low of $17.81 and a 1 year high of $24.98. The stock has a market cap of $2,137.89, a price-to-earnings ratio of 21.20, a PEG ratio of 1.49 and a beta of 2.80.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging Corporation had a return on equity of 11.12% and a net margin of 2.29%. The firm had revenue of $868.42 million for the quarter, compared to analysts’ expectations of $839.36 million. During the same quarter last year, the firm posted $0.37 earnings per share. KapStone Paper and Packaging Corporation’s quarterly revenue was up 11.8% on a year-over-year basis. sell-side analysts anticipate that KapStone Paper and Packaging Corporation will post 1.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 1.87%. KapStone Paper and Packaging Corporation’s dividend payout ratio (DPR) is currently 53.33%.

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

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