Flinton Capital Management LLC grew its stake in WestRock Co (NYSE:WRK) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,212 shares of the basic materials company’s stock after purchasing an additional 17,584 shares during the period. Flinton Capital Management LLC owned approximately 0.05% of WestRock worth $8,547,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of WestRock by 672.6% in the fourth quarter. Assetmark Inc. now owns 1,661 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 1,446 shares during the period. Invictus RG acquired a new position in shares of WestRock in the third quarter valued at approximately $108,000. Tower Research Capital LLC TRC increased its holdings in shares of 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 valued at $133,000 after purchasing an additional 1,948 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of WestRock in the third quarter valued at approximately $147,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of 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 valued at $190,000 after purchasing an additional 2,933 shares during the period. 88.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of WestRock Co (NYSE:WRK) opened at $67.01 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. WestRock Co has a 12 month low of $49.23 and a 12 month high of $71.55. The firm has a market capitalization of $17,106.28, a P/E ratio of 22.20, a P/E/G ratio of 1.32 and a beta of 1.37.
The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 16th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, February 15th. This represents a $1.72 dividend on an annualized basis and a yield of 2.57%. WestRock’s payout ratio is 25.18%.
A number of research firms have recently issued reports on WRK. Royal Bank of Canada reissued a “buy” rating and issued a $85.00 target price on shares of WestRock in a report on Tuesday, January 30th. Stephens set a $74.00 target price on WestRock and gave the company a “hold” rating in a report on Monday, January 29th. BMO Capital Markets reissued a “buy” rating and issued a $77.00 target price on shares of WestRock in a report on Thursday, January 25th. Bank of America lifted their price target on WestRock from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Citigroup lifted their price target on WestRock from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $74.25.
In other WestRock news, Director John A. Luke, Jr. sold 7,236 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $67.06, for a total transaction of $485,246.16. Following the sale, the director now directly owns 504,679 shares in the company, valued at $33,843,773.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James B. Porter sold 14,930 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.00, for a total value of $1,045,100.00. Following the sale, the insider now owns 50,093 shares in the company, valued at $3,506,510. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 475,335 shares of company stock worth $31,283,820. 2.20% of the stock is owned by company insiders.
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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