Huber Capital Management LLC trimmed its position in shares of KapStone Paper and Packaging Corp. (NYSE:KS) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,365 shares of the basic materials company’s stock after selling 22,100 shares during the period. Huber Capital Management LLC owned 0.44% of KapStone Paper and Packaging worth $9,697,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado bought a new stake in KapStone Paper and Packaging in the 4th quarter valued at $134,000. Public Employees Retirement System of Ohio increased its holdings in KapStone Paper and Packaging by 4.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 239 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of KapStone Paper and Packaging in the 3rd quarter worth $188,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of KapStone Paper and Packaging in the 4th quarter worth $214,000. Finally, SFE Investment Counsel purchased a new position in shares of KapStone Paper and Packaging in the 3rd quarter worth $215,000. Hedge funds and other institutional investors own 84.83% of the company’s stock.
KapStone Paper and Packaging Corp. (KS) traded up $0.01 during trading hours on Wednesday, hitting $34.80. 826,989 shares of the stock traded hands, compared to its average volume of 2,050,000. KapStone Paper and Packaging Corp. has a twelve month low of $19.59 and a twelve month high of $35.01. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.21 and a current ratio of 1.96. The company 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.
KapStone Paper and Packaging (NYSE:KS) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.39 by $0.12. The business had revenue of $859.00 million during the quarter, compared to analyst estimates of $834.23 million. KapStone Paper and Packaging had a net margin of 7.34% and a return on equity of 13.31%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. sell-side analysts expect that KapStone Paper and Packaging Corp. will post 1.87 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a dividend yield of 1.14%. KapStone Paper and Packaging’s dividend payout ratio (DPR) is presently 40.82%.
A number of equities analysts recently commented on KS shares. Zacks Investment Research raised shares of KapStone Paper and Packaging from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 28th. ValuEngine raised shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stephens set a $30.00 price target on shares of KapStone Paper and Packaging and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Deutsche Bank cut shares of KapStone Paper and Packaging from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research note on Thursday, February 8th. Finally, Citigroup reiterated a “neutral” rating and set a $26.00 price objective on shares of KapStone Paper and Packaging in a report on Tuesday, January 30th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target 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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