Captrust Financial Advisors boosted its holdings in shares of WestRock Co (NYSE:WRK) by 10.9% during the 4th quarter, HoldingsChannel reports. The fund owned 18,794 shares of the basic materials company’s stock after buying an additional 1,849 shares during the period. Captrust Financial Advisors’ holdings in WestRock were worth $1,188,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Assetmark Inc. grew its holdings in WestRock by 672.6% during the 4th quarter. Assetmark Inc. now owns 1,661 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 1,446 shares in the last quarter. Invictus RG bought a new position in WestRock during the 3rd quarter worth about $108,000. Tower Research Capital LLC TRC grew its holdings 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 worth $133,000 after acquiring an additional 1,948 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in WestRock during the 3rd quarter worth about $147,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in WestRock by 3,666.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,013 shares of the basic materials company’s stock worth $190,000 after acquiring an additional 2,933 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.
Several research analysts have issued reports on WRK shares. BMO Capital Markets increased their target price on shares of WestRock to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. Deutsche Bank set a $70.00 target price on shares of WestRock and gave the stock a “buy” rating in a report on Thursday, December 14th. Stephens set a $72.00 target price on shares of WestRock and gave the stock a “hold” rating in a report on Wednesday, January 10th. DA Davidson reiterated a “buy” rating and set a $82.00 target price on shares of WestRock in a report on Tuesday, January 30th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $85.00 target price on shares of WestRock in a report on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. WestRock has a consensus rating of “Buy” and an average price target of $74.25.
WestRock (NYSE:WRK) last released its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.12. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.95 billion. WestRock had a net margin of 11.51% and a return on equity of 7.45%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 earnings per share. equities research analysts predict that WestRock Co will post 3.95 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 16th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, February 15th. WestRock’s payout ratio is 65.15%.
In related news, Director John A. Luke, Jr. sold 10,343 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $63.68, for a total value of $658,642.24. Following the completion of the transaction, the director now directly owns 497,557 shares of the company’s stock, valued at approximately $31,684,429.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven C. Voorhees sold 49,267 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $65.00, for a total transaction of $3,202,355.00. Following the completion of the transaction, the chief executive officer now directly owns 700,051 shares of the company’s stock, valued at $45,503,315. The disclosure for this sale can be found here. Over the last three months, insiders have sold 475,335 shares of company stock valued at $31,283,820. Insiders own 2.20% of the company’s stock.
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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