Crossmark Global Holdings Inc. reduced its position in WestRock Co (NYSE:WRK) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,848 shares of the basic materials company’s stock after selling 1,084 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in WestRock were worth $1,823,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of WRK. Invictus RG acquired a new stake in shares of WestRock in the 3rd quarter worth $108,000. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of WestRock in the 3rd quarter worth $130,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of WestRock in the 3rd quarter worth $147,000. Steward Partners Investment Advisory LLC increased its stake in shares of WestRock by 3,666.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,013 shares of the basic materials company’s stock worth $190,000 after acquiring an additional 2,933 shares during the last quarter. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of WestRock in the 3rd quarter worth $216,000. 87.74% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Jennifer Graham-Johnson sold 7,700 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $59.23, for a total transaction of $456,071.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert A. Feeser sold 29,972 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $60.00, for a total value of $1,798,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 239,281 shares of company stock valued at $15,292,305 over the last three months. Corporate insiders own 2.20% of the company’s stock.
A number of analysts have issued reports on the company. Stephens set a $74.00 target price on WestRock and gave the stock a “hold” rating in a research note on Monday, January 29th. Barclays raised their target price on WestRock from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday. BMO Capital Markets raised their target price on WestRock to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised WestRock from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Saturday, February 3rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $82.00 target price on shares of WestRock in a research note on Tuesday, January 30th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. WestRock currently has a consensus rating of “Buy” and a consensus price target of $74.25.
Shares of WestRock Co (WRK) opened at $63.27 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.74 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $16,120.00 and a PE ratio of 9.26. WestRock Co has a 52-week low of $49.23 and a 52-week high of $71.55.
WestRock (NYSE:WRK) last issued its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.12. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.95 billion. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. analysts predict that WestRock Co will post 3.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Friday, February 16th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, February 15th. WestRock’s payout ratio is 25.18%.
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WestRock Company Profile
WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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