California Public Employees Retirement System increased its stake in Kapstone (NYSE:KS) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,400 shares of the basic materials company’s stock after acquiring an additional 5,300 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Kapstone worth $3,912,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of Kapstone by 4.2% during the second quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 239 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Kapstone during the third quarter worth approximately $438,000. American Century Companies Inc. grew its position in shares of Kapstone by 12.1% during the third quarter. American Century Companies Inc. now owns 266,031 shares of the basic materials company’s stock worth $5,717,000 after buying an additional 28,774 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Kapstone by 53.1% during the third quarter. BNP Paribas Arbitrage SA now owns 45,698 shares of the basic materials company’s stock worth $982,000 after buying an additional 15,843 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Kapstone by 46,008.8% during the third quarter. Sei Investments Co. now owns 78,846 shares of the basic materials company’s stock worth $1,695,000 after buying an additional 78,675 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.
Shares of NYSE KS traded down $0.11 during midday trading on Friday, reaching $34.38. 622,981 shares of the company traded hands, compared to its average volume of 1,026,311. Kapstone has a 52 week low of $19.59 and a 52 week high of $35.01. The company has a quick ratio of 1.21, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The stock has a market cap of $3,358.67, a P/E ratio of 26.05, a P/E/G ratio of 1.32 and a beta of 3.02.
Kapstone (NYSE:KS) last issued its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.39 by $0.12. Kapstone had a net margin of 7.34% and a return on equity of 13.31%. The firm had revenue of $859.00 million for the quarter, compared to analysts’ expectations of $834.23 million. During the same period in the previous year, the business earned $0.24 earnings per share. Kapstone’s revenue for the quarter was up 10.6% compared to the same quarter last year. sell-side analysts anticipate that Kapstone will post 1.87 earnings per share for the current fiscal year.
The firm also recently declared a None dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Wednesday, March 28th will be given a $0.10 dividend. This represents a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, March 27th. Kapstone’s dividend payout ratio (DPR) is presently 30.30%.
KS has been the subject of a number of research reports. Zacks Investment Research raised shares of Kapstone from a “strong sell” rating to a “hold” rating in a report on Thursday, December 28th. Stephens set a $30.00 price objective on shares of Kapstone and gave the stock a “buy” rating in a report on Wednesday, January 10th. ValuEngine raised shares of Kapstone from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Deutsche Bank downgraded shares of Kapstone from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a report on Thursday, February 8th. Finally, Citigroup reissued a “neutral” rating and set a $26.00 price target on shares of Kapstone in a report on Tuesday, January 30th. Nine investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.71.
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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.
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