Swiss National Bank Acquires 11,200 Shares of WestRock Co (WRK)

Swiss National Bank lifted its holdings in WestRock Co (NYSE:WRK) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 935,604 shares of the basic materials company’s stock after purchasing an additional 11,200 shares during the quarter. Swiss National Bank owned 0.37% of WestRock worth $59,140,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Eqis Capital Management Inc. grew its holdings in shares of WestRock by 9.9% in the third quarter. Eqis Capital Management Inc. now owns 11,786 shares of the basic materials company’s stock valued at $669,000 after purchasing an additional 1,058 shares in the last quarter. Magnetar Financial LLC bought a new stake in WestRock in the third quarter worth $704,000. Contravisory Investment Management Inc. lifted its position in WestRock by 1,273.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 63,336 shares of the basic materials company’s stock worth $4,003,000 after buying an additional 58,723 shares during the last quarter. Stephens Inc. AR bought a new stake in WestRock in the third quarter worth $442,000. Finally, Convergence Investment Partners LLC bought a new stake in WestRock in the fourth quarter worth $1,571,000. 87.74% of the stock is owned by hedge funds and other institutional investors.

In other news, Director John A. Luke, Jr. sold 124,621 shares of WestRock stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $65.34, for a total transaction of $8,142,736.14. Following the completion of the sale, the director now directly owns 547,443 shares in the company, valued at $35,769,925.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer Graham-Johnson sold 7,700 shares of WestRock stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $59.23, for a total value of $456,071.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 239,281 shares of company stock valued at $15,292,305. Corporate insiders own 2.68% of the company’s stock.

A number of analysts recently issued reports on the company. Deutsche Bank set a $78.00 price target on WestRock and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Barclays raised their price target on WestRock from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday. Citigroup raised their price target on WestRock from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Stephens set a $74.00 price target on WestRock and gave the stock a “hold” rating in a research report on Monday, January 29th. Finally, BMO Capital Markets restated a “buy” rating and issued a $77.00 price target on shares of WestRock in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. WestRock has a consensus rating of “Buy” and an average price target of $74.25.

Shares of WestRock Co (WRK) opened at $64.91 on Friday. WestRock Co has a 52-week low of $49.23 and a 52-week high of $71.55. The firm has a market capitalization of $16,540.00 and a price-to-earnings ratio of 9.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.74 and a current ratio of 1.28.

WestRock (NYSE:WRK) last released its earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.95 billion. During the same period last year, the company earned $0.47 earnings per share. The business’s revenue for the quarter 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 firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Stockholders 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 2.65%. WestRock’s dividend payout ratio (DPR) is 25.18%.

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WestRock 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.

Institutional Ownership by Quarter for WestRock (NYSE:WRK)

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