GMT Capital Corp bought a new position in WestRock Co (NYSE:WRK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 521,600 shares of the basic materials company’s stock, valued at approximately $29,742,000. GMT Capital Corp owned approximately 0.20% of WestRock as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Conning Inc. increased its stake in shares of WestRock by 14.0% in the second quarter. Conning Inc. now owns 685,017 shares of the basic materials company’s stock worth $39,060,000 after purchasing an additional 84,013 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of WestRock by 24.1% in the second quarter. Captrust Financial Advisors now owns 60,155 shares of the basic materials company’s stock valued at $3,430,000 after acquiring an additional 11,680 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of WestRock in the second quarter valued at approximately $1,534,000. Thompson Siegel & Walmsley LLC boosted its position in shares of WestRock by 340.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 19,407 shares of the basic materials company’s stock valued at $1,107,000 after acquiring an additional 15,000 shares during the period. Finally, Richard Bernstein Advisors LLC boosted its position in shares of WestRock by 30.8% in the second quarter. Richard Bernstein Advisors LLC now owns 97,350 shares of the basic materials company’s stock valued at $5,551,000 after acquiring an additional 22,949 shares during the period. Hedge funds and other institutional investors own 85.21% of the company’s stock.
WRK has been the subject of a number of analyst reports. Barclays cut their price objective on shares of WestRock from $64.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, August 9th. ValuEngine upgraded shares of WestRock from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Stephens set a $63.00 price objective on shares of WestRock and gave the company a “weight” rating in a research report on Thursday, July 5th. Finally, Citigroup cut their price objective on shares of WestRock from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 10th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. WestRock presently has a consensus rating of “Buy” and a consensus target price of $74.67.
WRK stock opened at $55.82 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.56 and a quick ratio of 0.95. WestRock Co has a 12 month low of $52.78 and a 12 month high of $71.55. The company has a market capitalization of $14.05 billion, a PE ratio of 21.31, a PEG ratio of 1.02 and a beta of 1.33.
WestRock (NYSE:WRK) last released its quarterly earnings data on Thursday, August 2nd. The basic materials company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. WestRock had a net margin of 11.31% and a return on equity of 8.49%. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the business earned $0.74 earnings per share. WestRock’s revenue was up 12.0% compared to the same quarter last year. equities research analysts predict that WestRock Co will post 4.06 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 20th. Shareholders of record on Friday, August 10th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $1.72 annualized dividend and a yield of 3.08%. WestRock’s payout ratio is presently 65.65%.
WestRock Company Profile
WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.
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