LSV Asset Management Has $220.95 Million Stake in Westrock Co (WRK)

LSV Asset Management grew its position in Westrock Co (NYSE:WRK) by 333.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,851,396 shares of the basic materials company’s stock after purchasing an additional 4,500,770 shares during the quarter. LSV Asset Management owned approximately 2.29% of Westrock worth $220,948,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. LS Investment Advisors LLC boosted its stake in shares of Westrock by 3.0% in the 4th quarter. LS Investment Advisors LLC now owns 15,212 shares of the basic materials company’s stock valued at $574,000 after purchasing an additional 440 shares during the last quarter. Union Bankshares Corp boosted its stake in shares of Westrock by 0.7% in the 4th quarter. Union Bankshares Corp now owns 69,076 shares of the basic materials company’s stock valued at $2,608,000 after purchasing an additional 450 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Westrock by 8.1% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,560 shares of the basic materials company’s stock valued at $362,000 after purchasing an additional 643 shares during the last quarter. First Bank & Trust boosted its stake in shares of Westrock by 13.6% in the 4th quarter. First Bank & Trust now owns 6,030 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 722 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Westrock by 12.4% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 8,153 shares of the basic materials company’s stock valued at $308,000 after purchasing an additional 900 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

In other Westrock news, CFO Ward H. Dickson acquired 2,645 shares of the company’s stock in a transaction on Monday, February 4th. The shares were purchased at an average cost of $37.94 per share, with a total value of $100,351.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert A. Feeser sold 67,755 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $46.91, for a total transaction of $3,178,387.05. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Several research analysts recently issued reports on WRK shares. Citigroup lowered shares of Westrock from a “buy” rating to a “neutral” rating and cut their target price for the stock from $52.00 to $42.00 in a research note on Monday, January 7th. Bank of America lowered shares of Westrock from a “buy” rating to a “neutral” rating in a research note on Monday, December 17th. KeyCorp reissued a “hold” rating on shares of Westrock in a research note on Thursday, December 20th. Goldman Sachs Group lowered shares of Westrock from a “buy” rating to a “neutral” rating and cut their target price for the stock from $57.00 to $54.00 in a research note on Monday, December 10th. Finally, Seaport Global Securities started coverage on shares of Westrock in a research note on Tuesday, October 23rd. They set a “buy” rating and a $52.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Westrock currently has an average rating of “Hold” and a consensus target price of $54.33.

Shares of NYSE WRK opened at $37.83 on Monday. The firm has a market cap of $9.65 billion, a P/E ratio of 9.25, a P/E/G ratio of 1.58 and a beta of 1.66. Westrock Co has a 12-month low of $35.20 and a 12-month high of $67.96. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.84 and a current ratio of 1.40.

Westrock (NYSE:WRK) last issued its earnings results on Thursday, January 31st. The basic materials company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.58 billion. Westrock had a net margin of 5.44% and a return on equity of 9.12%. Equities research analysts predict that Westrock Co will post 4.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 25th. Shareholders of record on Friday, February 15th will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, February 14th. Westrock’s dividend payout ratio (DPR) is 44.50%.

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About Westrock

WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.

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Institutional Ownership by Quarter for Westrock (NYSE:WRK)

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