Sapience Investments LLC raised its position in WestRock Co (NYSE:WRK) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,860 shares of the basic materials company’s stock after acquiring an additional 2,600 shares during the quarter. Sapience Investments LLC’s holdings in WestRock were worth $1,887,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of WRK. American Century Companies Inc. grew its position in WestRock by 32.6% in the fourth quarter. American Century Companies Inc. now owns 4,631,286 shares of the basic materials company’s stock valued at $292,744,000 after acquiring an additional 1,138,884 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in WestRock in the third quarter valued at approximately $51,740,000. Alps Advisors Inc. acquired a new stake in WestRock in the fourth quarter valued at approximately $47,018,000. Investec Asset Management LTD grew its position in WestRock by 31.8% in the third quarter. Investec Asset Management LTD now owns 2,063,933 shares of the basic materials company’s stock valued at $117,087,000 after acquiring an additional 497,746 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in shares of WestRock by 171.2% during the 3rd quarter. Systematic Financial Management LP now owns 767,613 shares of the basic materials company’s stock valued at $43,547,000 after buying an additional 484,539 shares during the last quarter. 88.20% of the stock is owned by institutional investors.
In related news, Director John A. Luke, Jr. sold 10,343 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $63.68, for a total transaction of $658,642.24. Following the transaction, the director now directly owns 497,557 shares in the company, valued at $31,684,429.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven C. Voorhees sold 49,267 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $65.00, for a total value of $3,202,355.00. Following the transaction, the chief executive officer now owns 700,051 shares in the company, valued at $45,503,315. The disclosure for this sale can be found here. Insiders have sold 468,099 shares of company stock worth $30,798,574 over the last 90 days. 2.20% of the stock is currently owned by company insiders.
WestRock Co (NYSE:WRK) opened at $67.05 on Tuesday. WestRock Co has a one year low of $49.23 and a one year high of $71.55. The stock has a market capitalization of $17,111.38, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.33 and a beta of 1.37. 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 announced its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same period last year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. analysts predict that WestRock Co will post 3.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 16th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, February 15th. 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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