Toronto Dominion Bank decreased its stake in shares of Westrock Company (NYSE:WRK) by 76.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,250 shares of the basic materials company’s stock after selling 313,805 shares during the period. Toronto Dominion Bank’s holdings in Westrock were worth $5,460,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. CI Investments Inc. purchased a new position in shares of Westrock during the third quarter valued at approximately $1,952,000. Retirement Systems of Alabama boosted its position in shares of Westrock by 1.2% during the third quarter. Retirement Systems of Alabama now owns 123,230 shares of the basic materials company’s stock valued at $6,991,000 after buying an additional 1,484 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Westrock by 89.0% in the third quarter. BNP Paribas Arbitrage SA now owns 434,166 shares of the basic materials company’s stock worth $24,630,000 after purchasing an additional 204,415 shares during the last quarter. Principal Financial Group Inc. boosted its position in Westrock by 13.6% in the third quarter. Principal Financial Group Inc. now owns 888,090 shares of the basic materials company’s stock worth $50,382,000 after purchasing an additional 106,362 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Westrock by 3.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 69,056 shares of the basic materials company’s stock worth $3,918,000 after purchasing an additional 2,011 shares during the last quarter. 88.80% of the stock is currently owned by institutional investors.
In other Westrock news, insider Jeffrey Wayne Chalovich sold 18,368 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $58.41, for a total value of $1,072,874.88. Following the sale, the insider now directly owns 24,859 shares in the company, valued at $1,452,014.19. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John A. Luke, Jr. sold 10,343 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $55.78, for a total value of $576,932.54. Following the completion of the sale, the director now owns 497,557 shares in the company, valued at $27,753,729.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 453,722 shares of company stock worth $25,585,382. Corporate insiders own 2.68% of the company’s stock.
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Shares of Westrock Company (NYSE WRK) opened at $59.50 on Friday. The stock has a market capitalization of $14,898.98, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 1.37 and a beta of 1.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 0.89. Westrock Company has a one year low of $49.23 and a one year high of $61.60.
Westrock (NYSE:WRK) last issued its earnings results on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.06. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.13 billion. Westrock had a return on equity of 6.73% and a net margin of 4.77%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. equities research analysts predict that Westrock Company will post 3.74 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This is a positive change from Westrock’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 2.89%. Westrock’s payout ratio is presently 62.09%.
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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