Captrust Financial Advisors grew its position in shares of WestRock Co (NYSE:WRK) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,794 shares of the basic materials company’s stock after purchasing an additional 1,849 shares during the period. Captrust Financial Advisors’ holdings in WestRock were worth $1,188,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. lifted its stake in shares of WestRock by 672.6% during the fourth quarter. Assetmark Inc. now owns 1,661 shares of the basic materials company’s stock worth $105,000 after buying an additional 1,446 shares during the period. Invictus RG purchased a new stake in WestRock during the 3rd quarter valued at about $108,000. Tower Research Capital LLC TRC grew its stake in WestRock by 1,225.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,107 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 1,948 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in WestRock during the 3rd quarter valued at about $147,000. Finally, Steward Partners Investment Advisory LLC grew 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 valued at $190,000 after buying an additional 2,933 shares during the period. 88.26% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on WRK shares. Zacks Investment Research raised shares of WestRock from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Saturday, February 3rd. Stephens set a $72.00 target price on shares of WestRock and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Bank of America raised their price objective on shares of WestRock from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. ValuEngine upgraded shares of WestRock from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Finally, BMO Capital Markets boosted their target price on shares of WestRock to $68.00 and gave the company an “outperform” rating in a report on Tuesday, December 12th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. WestRock currently has a consensus rating of “Buy” and a consensus price target of $74.25.
WRK stock traded up $0.44 during mid-day trading on Wednesday, reaching $65.02. 270,262 shares of the company’s stock were exchanged, compared to its average volume of 1,889,757. The stock has a market capitalization of $16,537.35, a price-to-earnings ratio of 9.46, a PEG ratio of 1.27 and a beta of 1.37. WestRock Co has a 52 week low of $49.23 and a 52 week high of $71.55. 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 (NYSE:WRK) last announced its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.87 EPS for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. analysts forecast that WestRock Co will post 3.99 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 16th were given a $0.43 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.72 annualized dividend and a yield of 2.65%. WestRock’s dividend payout ratio (DPR) is currently 25.18%.
In related news, CEO Steven C. Voorhees sold 49,267 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $65.00, for a total transaction of $3,202,355.00. Following the transaction, the chief executive officer now directly owns 700,051 shares of the company’s stock, valued at approximately $45,503,315. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Luke, Jr. sold 10,343 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $63.85, for a total value of $660,400.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 464,992 shares of company stock valued at $30,625,178. 2.20% of the stock is owned by company insiders.
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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