QS Investors LLC decreased its holdings in WestRock Co (NYSE:WRK) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,897 shares of the basic materials company’s stock after selling 3,360 shares during the period. QS Investors LLC’s holdings in WestRock were worth $5,493,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Virtue Capital Management LLC bought a new stake in shares of WestRock in the 4th quarter worth $667,000. Jefferies Group LLC increased its holdings in shares of WestRock by 261.9% in the 4th quarter. Jefferies Group LLC now owns 31,663 shares of the basic materials company’s stock worth $2,001,000 after purchasing an additional 22,913 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of WestRock by 160.6% in the 4th quarter. Advisor Group Inc. now owns 14,921 shares of the basic materials company’s stock worth $943,000 after purchasing an additional 9,195 shares in the last quarter. Quantitative Investment Management LLC increased its holdings in shares of WestRock by 527.5% in the 4th quarter. Quantitative Investment Management LLC now owns 143,700 shares of the basic materials company’s stock worth $9,083,000 after purchasing an additional 120,800 shares in the last quarter. Finally, Lakewood Capital Management LP increased its holdings in shares of WestRock by 8.1% in the 4th quarter. Lakewood Capital Management LP now owns 2,184,372 shares of the basic materials company’s stock worth $138,074,000 after purchasing an additional 163,000 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.
WRK has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on WestRock to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. Deutsche Bank set a $70.00 target price on WestRock and gave the stock a “buy” rating in a report on Thursday, December 14th. Stephens set a $72.00 target price on WestRock and gave the stock a “hold” rating in a report on Wednesday, January 10th. DA Davidson reissued a “buy” rating and issued a $82.00 target price on shares of WestRock in a report on Tuesday, January 30th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $85.00 target price on shares of WestRock in a report on Tuesday, January 30th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. WestRock presently has an average rating of “Buy” and a consensus target price of $74.25.
Shares of WestRock Co (WRK) opened at $66.20 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. WestRock Co has a fifty-two week low of $49.23 and a fifty-two week high of $71.55. The company has a market capitalization of $17,096.07, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.31 and a beta of 1.37.
WestRock (NYSE:WRK) last issued its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.12. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. WestRock’s revenue was up 13.0% compared to the same quarter last year. analysts forecast that WestRock Co will post 3.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 16th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Thursday, February 15th. WestRock’s payout ratio is currently 25.18%.
In related news, Director John A. Luke, Jr. sold 7,236 shares of WestRock stock in a transaction on Monday, March 12th. The stock was sold at an average price of $67.06, for a total value of $485,246.16. Following the completion of the sale, the director now owns 504,679 shares of the company’s stock, valued at $33,843,773.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Luke, Jr. sold 10,343 shares of WestRock stock in a transaction on Monday, December 18th. The stock was sold at an average price of $63.68, for a total value of $658,642.24. Following the completion of the sale, the director now directly owns 497,557 shares of the company’s stock, valued at approximately $31,684,429.76. The disclosure for this sale can be found here. Insiders sold 475,335 shares of company stock valued at $31,283,820 in the last ninety days. 2.68% of the stock is currently owned by corporate insiders.
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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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