Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of WestRock Co (NYSE:WRK) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,802 shares of the basic materials company’s stock after purchasing an additional 2,002 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in WestRock were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WRK. Strs Ohio boosted its position in shares of WestRock by 36.9% during the second quarter. Strs Ohio now owns 18,080 shares of the basic materials company’s stock valued at $1,024,000 after purchasing an additional 4,874 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in WestRock by 33.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,948 shares of the basic materials company’s stock worth $960,000 after acquiring an additional 4,240 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in WestRock by 31.6% in the second quarter. Janney Montgomery Scott LLC now owns 16,824 shares of the basic materials company’s stock worth $953,000 after acquiring an additional 4,040 shares in the last quarter. Eagle Global Advisors LLC bought a new stake in WestRock in the second quarter worth $212,000. Finally, Daiwa Securities Group Inc. boosted its holdings in WestRock by 122.8% in the second quarter. Daiwa Securities Group Inc. now owns 134,423 shares of the basic materials company’s stock worth $7,617,000 after acquiring an additional 74,085 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.
Several equities research analysts have commented on WRK shares. DA Davidson reissued a “buy” rating and issued a $74.00 target price on shares of WestRock in a report on Friday, November 3rd. BidaskClub downgraded WestRock from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Barclays boosted their target price on WestRock from $54.00 to $58.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Deutsche Bank reissued 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. Finally, Zacks Investment Research downgraded WestRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $65.09.
Shares of WestRock Co (NYSE WRK) traded up $1.07 during trading hours on Tuesday, hitting $63.47. The stock had a trading volume of 1,747,800 shares, compared to its average volume of 1,447,774. The company has a market capitalization of $16,090.00 and a P/E ratio of 23.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.89 and a current ratio of 1.49. WestRock Co has a 1 year low of $49.23 and a 1 year high of $63.63.
WestRock (NYSE:WRK) last announced its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.13 billion. WestRock had a return on equity of 6.73% and a net margin of 4.77%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. sell-side analysts expect that WestRock Co will post 3.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were issued a dividend of $0.43 per share. This is an increase from WestRock’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Thursday, November 9th. WestRock’s dividend payout ratio is presently 62.09%.
In other news, Director John A. Luke, Jr. sold 10,343 shares of the company’s stock in a transaction 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 directly owns 497,557 shares of the company’s stock, valued at $28,340,846.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert A. Feeser sold 29,972 shares of the company’s stock in a transaction on 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. Over the last ninety days, insiders have sold 183,962 shares of company stock worth $10,843,671. Corporate insiders own 2.68% of the company’s stock.
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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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