WestRock Co (WRK) Stake Boosted by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in WestRock Co (NYSE:WRK) by 31.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,885 shares of the basic materials company’s stock after acquiring an additional 5,445 shares during the period. SG Americas Securities LLC’s holdings in WestRock were worth $1,447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WRK. Janus Henderson Group PLC boosted its stake in WestRock by 2,916.4% during the second quarter. Janus Henderson Group PLC now owns 1,024,046 shares of the basic materials company’s stock valued at $58,023,000 after buying an additional 990,097 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in WestRock during the second quarter valued at approximately $378,000. The Manufacturers Life Insurance Company boosted its stake in WestRock by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 327,649 shares of the basic materials company’s stock valued at $18,565,000 after buying an additional 29,625 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in WestRock by 11.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 33,257 shares of the basic materials company’s stock valued at $1,884,000 after buying an additional 3,437 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in WestRock during the second quarter valued at approximately $427,000. 87.51% of the stock is owned by hedge funds and other institutional investors.

Shares of WestRock Co (NYSE WRK) opened at $62.33 on Friday. WestRock Co has a 52-week low of $49.23 and a 52-week high of $71.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.74 and a current ratio of 1.28. The stock has a market capitalization of $16,240.00 and a P/E ratio of 9.13.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Shareholders 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 dividend on an annualized basis and a yield of 2.76%. WestRock’s dividend payout ratio (DPR) is presently 25.18%.

In other WestRock news, EVP Jennifer Graham-Johnson sold 7,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $59.23, for a total transaction of $456,071.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Luke, Jr. sold 124,621 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $65.34, for a total value of $8,142,736.14. Following the completion of the sale, the director now owns 547,443 shares in the company, valued at $35,769,925.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 249,624 shares of company stock worth $15,897,888. Company insiders own 2.68% of the company’s stock.

A number of equities analysts recently commented on WRK shares. Zacks Investment Research lowered WestRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Deutsche Bank set a $70.00 price target on WestRock and gave the company a “buy” rating in a research note on Thursday, December 14th. BMO Capital Markets increased their price target on WestRock to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Barclays increased their price target on WestRock from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, November 6th. Finally, Stephens set a $72.00 price target on WestRock and gave the company a “hold” rating in a research note on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. WestRock currently has an average rating of “Buy” and a consensus target price of $73.92.

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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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