Captrust Financial Advisors boosted its holdings in shares of WestRock Co (NYSE:WRK) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,794 shares of the basic materials company’s stock after purchasing an additional 1,849 shares during the quarter. Captrust Financial Advisors’ holdings in WestRock were worth $1,188,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in WestRock by 2.2% during the fourth quarter. California State Teachers Retirement System now owns 445,005 shares of the basic materials company’s stock valued at $28,129,000 after purchasing an additional 9,371 shares in the last quarter. Two Sigma Investments LP raised its stake in WestRock by 280.4% during the fourth quarter. Two Sigma Investments LP now owns 806,081 shares of the basic materials company’s stock valued at $50,952,000 after purchasing an additional 594,196 shares in the last quarter. Two Sigma Advisers LP raised its stake in WestRock by 105.1% during the fourth quarter. Two Sigma Advisers LP now owns 434,195 shares of the basic materials company’s stock valued at $27,445,000 after purchasing an additional 222,547 shares in the last quarter. Sapience Investments LLC raised its stake in WestRock by 9.5% during the fourth quarter. Sapience Investments LLC now owns 29,860 shares of the basic materials company’s stock valued at $1,887,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Ellington Management Group LLC purchased a new stake in WestRock during the fourth quarter valued at $284,000. 88.20% of the stock is currently owned by institutional investors.
Shares of WestRock Co (WRK) opened at $67.01 on Wednesday. WestRock Co has a 12 month low of $49.23 and a 12 month high of $71.55. The firm has a market cap of $17,090.00 and a price-to-earnings ratio of 25.38. The company has a quick ratio of 0.74, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.
The business also recently declared a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Friday, February 16th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Thursday, February 15th. WestRock’s payout ratio is presently 65.15%.
A number of equities research analysts recently issued reports on WRK shares. Zacks Investment Research raised shares of WestRock from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Saturday, February 3rd. Stephens set a $72.00 price target on shares of WestRock and gave the company a “hold” rating in a research note on Wednesday, January 10th. ValuEngine raised shares of WestRock from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. BMO Capital Markets upped their price target on shares of WestRock to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Finally, Bank of America upped their price target on shares of WestRock from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $74.25.
In other news, Director John A. Luke, Jr. sold 7,236 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $67.06, for a total value of $485,246.16. Following the transaction, 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 is available at the SEC website. Also, Director John A. Luke, Jr. sold 42,250 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $66.12, for a total transaction of $2,793,570.00. Following the completion of the transaction, the director now owns 539,693 shares in the company, valued at $35,684,501.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 475,335 shares of company stock worth $31,283,820. Company insiders own 2.20% of the company’s stock.
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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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