KapStone Paper and Packaging Corp. (KS) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Share on StockTwits

Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of KapStone Paper and Packaging Corp. (NYSE:KS) by 18.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 884,000 shares of the basic materials company’s stock after buying an additional 135,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.90% of KapStone Paper and Packaging worth $30,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in KS. Gardner Lewis Asset Management L P grew its stake in KapStone Paper and Packaging by 74.5% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 1,792,144 shares of the basic materials company’s stock valued at $61,829,000 after purchasing an additional 765,382 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in KapStone Paper and Packaging during the 2nd quarter valued at about $188,000. Alpine Associates Management Inc. grew its stake in KapStone Paper and Packaging by 15.0% during the 2nd quarter. Alpine Associates Management Inc. now owns 1,614,600 shares of the basic materials company’s stock valued at $55,994,000 after purchasing an additional 210,200 shares during the last quarter. Citadel Advisors LLC grew its stake in KapStone Paper and Packaging by 249.4% during the 2nd quarter. Citadel Advisors LLC now owns 8,747 shares of the basic materials company’s stock valued at $302,000 after purchasing an additional 14,601 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in KapStone Paper and Packaging by 39.0% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 409,555 shares of the basic materials company’s stock valued at $14,130,000 after purchasing an additional 114,908 shares during the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.

KapStone Paper and Packaging stock opened at $34.35 on Thursday. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 1.22. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.03 and a beta of 3.26. KapStone Paper and Packaging Corp. has a fifty-two week low of $20.42 and a fifty-two week high of $35.01.

KapStone Paper and Packaging (NYSE:KS) last issued its earnings results on Wednesday, July 25th. The basic materials company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.10. KapStone Paper and Packaging had a return on equity of 16.87% and a net margin of 8.83%. The firm had revenue of $912.74 million for the quarter, compared to the consensus estimate of $935.83 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s revenue was up 10.9% compared to the same quarter last year. research analysts forecast that KapStone Paper and Packaging Corp. will post 2.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Friday, September 28th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.16%. KapStone Paper and Packaging’s payout ratio is 30.30%.

Several analysts have weighed in on the company. Zacks Investment Research downgraded KapStone Paper and Packaging from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 14th. ValuEngine downgraded KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Eight research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. KapStone Paper and Packaging currently has an average rating of “Hold” and an average target price of $32.33.

KapStone Paper and Packaging Profile

KapStone Paper and Packaging Corporation produces and sells a range of containerboards, corrugated products, and specialty paper products in the United States and internationally. The company operates in two segments, Paper and Packaging, and Distribution. The Paper and Packaging segment offers containerboards consisting of linerboard and corrugated medium to manufacture corrugated containers for packaging products; and corrugated products.

Featured Article: Calculate Your Return on Investment (ROI)

Want to see what other hedge funds are holding KS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KapStone Paper and Packaging Corp. (NYSE:KS).

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

Receive News & Ratings for KapStone Paper and Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KapStone Paper and Packaging and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply