Northern Trust Corp Acquires 88,244 Shares of KapStone Paper and Packaging Corporation (KS)

Northern Trust Corp increased its holdings in shares of KapStone Paper and Packaging Corporation (NYSE:KS) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,505,378 shares of the basic materials company’s stock after acquiring an additional 88,244 shares during the quarter. Northern Trust Corp owned about 1.55% of KapStone Paper and Packaging Corporation worth $31,056,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KS. Victory Capital Management Inc. boosted its position in KapStone Paper and Packaging Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 771 shares during the last quarter. Invictus RG acquired a new position in KapStone Paper and Packaging Corporation during the first quarter worth about $153,000. Ameritas Investment Partners Inc. acquired a new position in KapStone Paper and Packaging Corporation during the first quarter worth about $172,000. Riverhead Capital Management LLC boosted its position in KapStone Paper and Packaging Corporation by 77.3% during the second quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock worth $183,000 after acquiring an additional 3,864 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in KapStone Paper and Packaging Corporation by 389.6% during the first 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 last quarter. Hedge funds and other institutional investors own 83.89% of the company’s stock.

KapStone Paper and Packaging Corporation (KS) opened at 23.12 on Wednesday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 30.46 and a beta of 2.77. 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 50-day moving average of $22.32 and a 200 day moving average of $21.93.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The company had revenue of $822.70 million for the quarter, compared to analysts’ expectations of $831.52 million. During the same period last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts predict that KapStone Paper and Packaging Corporation will post $1.26 EPS for the current year.

The company also recently declared 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 was Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.73%. KapStone Paper and Packaging Corporation’s dividend payout ratio is currently 51.95%.

In other KapStone Paper and Packaging Corporation news, VP Randy J. Nebel sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $24.00, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.09% of the stock is owned by company insiders.

A number of research firms recently weighed in on KS. KeyCorp restated a “hold” rating on shares of KapStone Paper and Packaging Corporation in a research report on Thursday, October 12th. 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. BidaskClub lowered shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada restated a “buy” rating and set a $27.00 price target on shares of KapStone Paper and Packaging Corporation in a research report on Monday, August 21st. Finally, Citigroup Inc. initiated coverage on shares of KapStone Paper and Packaging Corporation in a research report on Wednesday, August 16th. They set a “buy” rating and a $25.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.29.

COPYRIGHT VIOLATION WARNING: “Northern Trust Corp Acquires 88,244 Shares of KapStone Paper and Packaging Corporation (KS)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://ledgerg

A number of other institutional investors and hedge funds have also bought and sold shares of KS. Victory Capital Management Inc. boosted its position in KapStone Paper and Packaging Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 771 shares during the last quarter. Invictus RG acquired a new position in KapStone Paper and Packaging Corporation during the first quarter worth about $153,000. Ameritas Investment Partners Inc. acquired a new position in KapStone Paper and Packaging Corporation during the first quarter worth about $172,000. Riverhead Capital Management LLC boosted its position in KapStone Paper and Packaging Corporation by 77.3% during the second quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock worth $183,000 after acquiring an additional 3,864 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in KapStone Paper and Packaging Corporation by 389.6% during the first 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 last quarter. Hedge funds and other institutional investors own 83.89% of the company’s stock.

KapStone Paper and Packaging Corporation (KS) opened at 23.12 on Wednesday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 30.46 and a beta of 2.77. 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 50-day moving average of $22.32 and a 200 day moving average of $21.93.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The company had revenue of $822.70 million for the quarter, compared to analysts’ expectations of $831.52 million. During the same period last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts predict that KapStone Paper and Packaging Corporation will post $1.26 EPS for the current year.

The company also recently declared 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 was Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.73%. KapStone Paper and Packaging Corporation’s dividend payout ratio is currently 51.95%.

In other KapStone Paper and Packaging Corporation news, VP Randy J. Nebel sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $24.00, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.09% of the stock is owned by company insiders.

A number of research firms recently weighed in on KS. KeyCorp restated a “hold” rating on shares of KapStone Paper and Packaging Corporation in a research report on Thursday, October 12th. 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. BidaskClub lowered shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada restated a “buy” rating and set a $27.00 price target on shares of KapStone Paper and Packaging Corporation in a research report on Monday, August 21st. Finally, Citigroup Inc. initiated coverage on shares of KapStone Paper and Packaging Corporation in a research report on Wednesday, August 16th. They set a “buy” rating and a $25.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.29.

COPYRIGHT VIOLATION WARNING: “Northern Trust Corp Acquires 88,244 Shares of KapStone Paper and Packaging Corporation (KS)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://ledgergazette.com/2017/10/18/northern-trust-corp-acquires-88244-shares-of-kapstone-paper-and-packaging-corporation-ks.html.

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

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