13,625 Shares in WestRock Co (WRK) Purchased by Sciencast Management LP

Sciencast Management LP bought a new position in shares of WestRock Co (NYSE:WRK) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 13,625 shares of the basic materials company’s stock, valued at approximately $934,000.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in WestRock by 672.6% during the 4th quarter. Assetmark Inc. now owns 1,661 shares of the basic materials company’s stock worth $105,000 after buying an additional 1,446 shares during the last quarter. Invictus RG bought a new position in WestRock during the 3rd quarter worth approximately $108,000. Tower Research Capital LLC TRC lifted its holdings in WestRock by 1,225.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,107 shares of the basic materials company’s stock worth $133,000 after buying an additional 1,948 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in WestRock during the 3rd quarter worth approximately $147,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in WestRock by 3,666.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,013 shares of the basic materials company’s stock worth $190,000 after buying an additional 2,933 shares during the last quarter. 88.20% of the stock is currently owned by institutional investors.

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In related news, Director John A. Luke, Jr. sold 10,343 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $63.68, for a total value of $658,642.24. Following the sale, the director now directly owns 497,557 shares in the company, valued at approximately $31,684,429.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John A. Luke, Jr. sold 7,236 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $67.06, for a total value of $485,246.16. Following the completion of the sale, the director now owns 504,679 shares in the company, valued at $33,843,773.74. 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. 2.20% of the stock is owned by insiders.

Shares of WestRock Co (NYSE WRK) opened at $67.01 on Wednesday. The stock 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. WestRock Co has a 1-year low of $49.23 and a 1-year high of $71.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.74.

WestRock (NYSE:WRK) last announced its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.12. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.95 billion. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. 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 was paid on Monday, February 26th. Investors of record on Friday, February 16th were given a $0.43 dividend. 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 is currently 25.18%.

A number of research firms have commented on WRK. ValuEngine downgraded WestRock from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research downgraded WestRock from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Barclays increased their target price on WestRock from $60.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Bank of America raised their price target on WestRock from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Citigroup raised their price target on WestRock from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $74.25.

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About WestRock

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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