Westwood Holdings Group Inc. cut its position in WestRock Co (NYSE:WRK) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,174 shares of the basic materials company’s stock after selling 1,794 shares during the period. Westwood Holdings Group Inc.’s holdings in WestRock were worth $4,878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in WestRock by 672.6% in the fourth quarter. Assetmark Inc. now owns 1,661 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 1,446 shares during the period. Invictus RG acquired a new stake in WestRock in the third quarter worth $108,000. Tower Research Capital LLC TRC raised its holdings in WestRock by 1,225.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,107 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 1,948 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in WestRock in the third quarter worth $147,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in WestRock by 3,666.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,013 shares of the basic materials company’s stock worth $190,000 after purchasing an additional 2,933 shares during the period. Institutional investors own 88.26% of the company’s stock.

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WRK has been the topic of several analyst reports. 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 $74.00 target price on shares of WestRock and gave the stock a “hold” rating in a report on Monday, January 29th. 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. Citigroup increased their target price on shares of WestRock from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of WestRock from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Saturday, February 3rd. Six equities 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. The company presently has a consensus rating of “Buy” and an average target price of $74.25.

In related news, Director John A. Luke, Jr. sold 42,250 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $66.12, for a total value of $2,793,570.00. Following the completion of the transaction, the director now owns 539,693 shares of the company’s stock, valued at $35,684,501.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Luke, Jr. sold 7,236 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $67.06, for a total transaction of $485,246.16. Following the completion of the transaction, the director now directly owns 504,679 shares of the company’s stock, valued at approximately $33,843,773.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 464,992 shares of company stock worth $30,625,178. 2.20% of the stock is currently owned by company insiders.

Shares of WestRock Co (WRK) opened at $64.82 on Tuesday. WestRock Co has a twelve month low of $49.23 and a twelve month high of $71.55. 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 cap of $16,932.79, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.30 and a beta of 1.37.

WestRock (NYSE:WRK) last issued its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.12. WestRock had a net margin of 11.51% and a return on equity of 7.45%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the business posted $0.47 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. analysts predict that WestRock Co will post 3.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 16th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.65%. WestRock’s payout ratio is 25.18%.

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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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Institutional Ownership by Quarter for WestRock (NYSE:WRK)

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