1,445 Shares in WestRock (NYSE:WRK) Purchased by CVA Family Office LLC

CVA Family Office LLC bought a new position in shares of WestRock (NYSE:WRK) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,445 shares of the basic materials company’s stock, valued at approximately $60,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in WestRock in the 4th quarter worth about $194,739,000. Price T Rowe Associates Inc. MD raised its stake in WestRock by 59.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,318,827 shares of the basic materials company’s stock worth $283,947,000 after purchasing an additional 3,459,641 shares in the last quarter. BlackRock Inc. raised its stake in WestRock by 9.6% in the 1st quarter. BlackRock Inc. now owns 26,528,567 shares of the basic materials company’s stock worth $808,325,000 after purchasing an additional 2,320,073 shares in the last quarter. Pentwater Capital Management LP acquired a new stake in WestRock in the 3rd quarter worth about $61,378,000. Finally, Segantii Capital Management Ltd acquired a new stake in WestRock in the 3rd quarter worth about $59,428,000. Institutional investors own 83.38% of the company’s stock.

Insiders Place Their Bets

In other WestRock news, insider Vicki L. Lostetter sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.77, for a total transaction of $149,695.00. Following the sale, the insider now directly owns 92,117 shares of the company’s stock, valued at approximately $3,939,844.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

WestRock Price Performance

WRK stock opened at $49.20 on Thursday. The company has a 50 day simple moving average of $44.01 and a 200 day simple moving average of $40.43. WestRock has a 1 year low of $26.85 and a 1 year high of $49.67. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

WestRock (NYSE:WRK) last released its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.15). The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.79 billion. WestRock had a positive return on equity of 6.87% and a negative net margin of 8.58%. WestRock’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share. On average, analysts anticipate that WestRock will post 1.95 EPS for the current fiscal year.

WestRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Friday, February 9th were given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Thursday, February 8th. WestRock’s dividend payout ratio is -18.01%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Truist Financial lifted their price objective on shares of WestRock from $40.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, January 4th. StockNews.com initiated coverage on shares of WestRock in a research report on Saturday, March 23rd. They issued a “hold” rating for the company. Wells Fargo & Company restated an “equal weight” rating and issued a $45.00 target price (up from $42.00) on shares of WestRock in a research report on Thursday, January 11th. Seaport Res Ptn cut shares of WestRock from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $42.00 target price on shares of WestRock in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $42.40.

WestRock Company Profile

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers.