KapStone Paper and Packaging Corp. (NYSE:KS) shares saw unusually-high trading volume on Wednesday . Approximately 1,766,291 shares were traded during trading, an increase of 28% from the previous session’s volume of 1,385,326 shares.The stock last traded at $19.11 and had previously closed at $18.25.

KS has been the topic of a number of research reports. Zacks Investment Research lowered KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Dundee Securities raised KapStone Paper and Packaging Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Deutsche Bank AG upped their target price on KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Bank of America Corp. raised KapStone Paper and Packaging Corp. from an “underperform” rating to a “neutral” rating and set a $18.00 target price on the stock in a research report on Monday, August 29th. Finally, Standpoint Research lowered KapStone Paper and Packaging Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.69.

The firm has a market capitalization of $1.85 billion, a PE ratio of 22.59 and a beta of 2.49. The stock’s 50-day moving average price is $16.72 and its 200 day moving average price is $14.82.

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KapStone Paper and Packaging Corp. (NYSE:KS) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.02. The business earned $784.91 million during the quarter, compared to the consensus estimate of $820.11 million. KapStone Paper and Packaging Corp. had a return on equity of 12.64% and a net margin of 2.68%. KapStone Paper and Packaging Corp.’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Analysts expect that KapStone Paper and Packaging Corp. will post $1.18 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 30th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.08%. KapStone Paper and Packaging Corp.’s dividend payout ratio is currently 47.06%.

In other news, Director Jonathan R. Furer sold 25,000 shares of KapStone Paper and Packaging Corp. stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $15.09, for a total value of $377,250.00. Following the sale, the director now directly owns 1,189,400 shares in the company, valued at approximately $17,948,046. The sale was disclosed in a filing with the SEC, which is available through this link. 13.30% of the stock is owned by insiders.

Several large investors have recently modified their holdings of KS. PineBridge Investments L.P. boosted its position in KapStone Paper and Packaging Corp. by 4.0% in the second quarter. PineBridge Investments L.P. now owns 10,894 shares of the company’s stock worth $141,000 after buying an additional 415 shares during the last quarter. Princeton Alpha Management LP purchased a new position in KapStone Paper and Packaging Corp. during the second quarter worth approximately $161,000. Amalgamated Bank purchased a new position in KapStone Paper and Packaging Corp. during the second quarter worth approximately $162,000. Teacher Retirement System of Texas boosted its position in KapStone Paper and Packaging Corp. by 20.3% in the second quarter. Teacher Retirement System of Texas now owns 12,753 shares of the company’s stock worth $166,000 after buying an additional 2,154 shares during the last quarter. Finally, TFS Capital LLC purchased a new position in KapStone Paper and Packaging Corp. during the second quarter worth approximately $166,000. Hedge funds and other institutional investors own 82.54% of the company’s stock.

About KapStone Paper and Packaging Corp.

KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.

5 Day Chart for NYSE:KS

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