Hosking Partners LLP Raises Holdings in WestRock Co (WRK)

Hosking Partners LLP boosted its holdings in WestRock Co (NYSE:WRK) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,453 shares of the basic materials company’s stock after acquiring an additional 9,292 shares during the quarter. Hosking Partners LLP’s holdings in WestRock were worth $8,752,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Invictus RG purchased a new position in WestRock in the 3rd quarter worth about $108,000. Old Mutual Global Investors UK Ltd. purchased a new position in WestRock in the 3rd quarter worth about $130,000. Fuller & Thaler Asset Management Inc. purchased a new position in WestRock in the 3rd quarter worth about $147,000. Steward Partners Investment Advisory LLC increased its stake in WestRock by 3,666.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,013 shares of the basic materials company’s stock worth $190,000 after purchasing an additional 2,933 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in WestRock in the 4th quarter worth about $239,000. Hedge funds and other institutional investors own 87.74% of the company’s stock.

A number of brokerages recently weighed in on WRK. DA Davidson reissued a “buy” rating and issued a $82.00 price target on shares of WestRock in a research note on Tuesday, January 30th. Barclays lifted their price target on WestRock from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday. Deutsche Bank set a $78.00 price target on WestRock and gave the stock a “buy” rating in a research note on Tuesday, January 30th. ValuEngine raised WestRock from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research raised 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. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $74.25.

In related news, Director John A. Luke, Jr. sold 10,343 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $58.58, for a total value of $605,892.94. Following the completion of the sale, the director now owns 497,557 shares of the company’s stock, valued at approximately $29,146,889.06. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider James B. Porter sold 14,930 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $70.00, for a total value of $1,045,100.00. Following the completion of the sale, the insider now directly owns 50,093 shares of the company’s stock, valued at approximately $3,506,510. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 239,281 shares of company stock worth $15,292,305. Company insiders own 2.68% of the company’s stock.

WestRock Co (WRK) opened at $64.30 on Thursday. 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 Co has a 12 month low of $49.23 and a 12 month high of $71.55. The firm has a market capitalization of $16,182.72, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.25 and a beta of 1.42.

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, beating 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 company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter in the previous year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. equities research analysts forecast that WestRock Co will post 3.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.72 annualized dividend and a yield of 2.67%. WestRock’s dividend payout ratio (DPR) is presently 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.

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Institutional Ownership by Quarter for WestRock (NYSE:WRK)

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