Caisse DE Depot ET Placement DU Quebec grew its holdings in WestRock Co (NYSE:WRK) by 66.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,702 shares of the basic materials company’s stock after acquiring an additional 44,200 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in WestRock were worth $6,307,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of WestRock by 1.9% in the second quarter. Vanguard Group Inc. now owns 26,211,606 shares of the basic materials company’s stock valued at $1,485,150,000 after acquiring an additional 484,771 shares in the last quarter. BlackRock Inc. lifted its position in shares of WestRock by 0.8% in the second quarter. BlackRock Inc. now owns 22,598,192 shares of the basic materials company’s stock valued at $1,280,411,000 after acquiring an additional 180,112 shares in the last quarter. American Century Companies Inc. lifted its position in shares of WestRock by 7.0% in the third quarter. American Century Companies Inc. now owns 3,492,402 shares of the basic materials company’s stock valued at $198,124,000 after acquiring an additional 227,189 shares in the last quarter. AJO LP lifted its position in shares of WestRock by 13,639.1% in the second quarter. AJO LP now owns 2,782,160 shares of the basic materials company’s stock valued at $157,637,000 after acquiring an additional 2,761,910 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of WestRock by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,616,992 shares of the basic materials company’s stock valued at $148,463,000 after acquiring an additional 33,316 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.
WRK has been the topic of several research analyst reports. BidaskClub downgraded WestRock from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 target price on shares of WestRock in a report on Monday, September 25th. Deutsche Bank reaffirmed a “buy” rating and issued a $65.00 target price (up from $61.00) on shares of WestRock in a report on Monday, October 9th. KeyCorp reaffirmed a “hold” rating on shares of WestRock in a report on Wednesday, October 11th. Finally, Stephens began coverage on WestRock in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $65.09.
In other news, Director John A. Luke, Jr. sold 10,343 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $56.96, for a total transaction of $589,137.28. Following the transaction, the director now owns 497,557 shares of the company’s stock, valued at $28,340,846.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jennifer Graham-Johnson sold 3,806 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $57.08, for a total value of $217,246.48. Following the transaction, the executive vice president now directly owns 41,588 shares in the company, valued at approximately $2,373,843.04. The disclosure for this sale can be found here. Insiders have sold 183,962 shares of company stock worth $10,843,671 over the last three months. 2.68% of the stock is currently owned by insiders.
Shares of WestRock Co (NYSE WRK) traded up $0.86 during midday trading on Friday, reaching $64.42. The company’s stock had a trading volume of 1,670,979 shares, compared to its average volume of 1,274,839. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. WestRock Co has a 52 week low of $49.23 and a 52 week high of $64.76. The company has a market capitalization of $16,183.29, a PE ratio of 24.26, a P/E/G ratio of 1.48 and a beta of 1.37.
WestRock (NYSE:WRK) last issued its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.06. WestRock had a return on equity of 6.73% and a net margin of 4.77%. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. equities analysts predict that WestRock Co will post 3.72 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were paid a dividend of $0.43 per share. This is a boost from WestRock’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 2.67%. The ex-dividend date was Thursday, November 9th. WestRock’s payout ratio is presently 62.09%.
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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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