Capital Innovations LLC Increases Holdings in WestRock Co (WRK)
Capital Innovations LLC grew its position in WestRock Co (NYSE:WRK) by 38.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,024 shares of the basic materials company’s stock after buying an additional 3,335 shares during the period. WestRock makes up 1.7% of Capital Innovations LLC’s investment portfolio, making the stock its 24th largest holding. Capital Innovations LLC’s holdings in WestRock were worth $760,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in WRK. American Century Companies Inc. lifted its position in shares of WestRock by 32.6% in the 4th quarter. American Century Companies Inc. now owns 4,631,286 shares of the basic materials company’s stock worth $292,744,000 after acquiring an additional 1,138,884 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of WestRock in the 3rd quarter worth approximately $51,740,000. Alps Advisors Inc. bought a new stake in shares of WestRock in the 4th quarter worth approximately $47,018,000. Investec Asset Management LTD lifted its position in shares of WestRock by 31.8% in the 3rd quarter. Investec Asset Management LTD now owns 2,063,933 shares of the basic materials company’s stock worth $117,087,000 after acquiring an additional 497,746 shares during the period. Finally, Systematic Financial Management LP lifted its position in shares of WestRock by 171.2% in the 3rd quarter. Systematic Financial Management LP now owns 767,613 shares of the basic materials company’s stock worth $43,547,000 after acquiring an additional 484,539 shares during the period. Institutional investors own 87.51% of the company’s stock.
In related news, insider Robert A. Feeser sold 29,972 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $60.00, for a total transaction of $1,798,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James B. Porter sold 14,930 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $70.00, for a total value of $1,045,100.00. Following the sale, the insider now directly owns 50,093 shares of the company’s stock, valued at $3,506,510. The disclosure for this sale can be found here. Insiders have sold a total of 239,281 shares of company stock valued at $15,292,305 over the last ninety days. Insiders own 2.68% of the company’s stock.
WestRock Co (NYSE WRK) opened at $62.33 on Monday. The company has a current ratio of 1.28, a quick ratio of 0.74 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $15,880.00 and a P/E ratio of 9.13. WestRock Co has a 52-week low of $49.23 and a 52-week high of $71.55.
WestRock (NYSE:WRK) last posted its earnings results on Monday, January 29th. The basic materials company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.12. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.95 billion. WestRock had a return on equity of 7.45% and a net margin of 11.51%. WestRock’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS. analysts forecast that WestRock Co will post 3.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Friday, February 16th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.72 annualized dividend and a dividend yield of 2.76%. WestRock’s dividend payout ratio (DPR) is presently 25.18%.
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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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