Hunter Associates Investment Management LLC acquired a new stake in shares of WestRock Co (NYSE:WRK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,465 shares of the basic materials company’s stock, valued at approximately $345,000.
Other institutional investors have also recently made changes to their positions in the company. Magnetar Financial LLC acquired a new stake in WestRock in the 3rd quarter valued at approximately $704,000. Contravisory Investment Management Inc. raised its position in WestRock by 1,273.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 63,336 shares of the basic materials company’s stock valued at $4,003,000 after buying an additional 58,723 shares during the last quarter. Stephens Inc. AR acquired a new stake in WestRock in the 3rd quarter valued at approximately $442,000. Convergence Investment Partners LLC acquired a new stake in WestRock in the 4th quarter valued at approximately $1,571,000. Finally, OLD Dominion Capital Management Inc. raised its position in WestRock by 18.0% in the 4th quarter. OLD Dominion Capital Management Inc. now owns 10,069 shares of the basic materials company’s stock valued at $636,000 after buying an additional 1,535 shares during the last quarter. 88.26% of the stock is currently owned by institutional investors and hedge funds.
WestRock stock opened at $66.37 on Monday. The firm has a market capitalization of $16,932.79, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 1.30 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 quick ratio of 0.74 and a current ratio of 1.28.
WestRock (NYSE:WRK) last posted its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.12. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.95 billion. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. sell-side analysts forecast that WestRock Co will post 3.99 earnings per share for the current fiscal year.
The business also recently declared 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. This represents a $1.72 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, February 15th. WestRock’s dividend payout ratio (DPR) is 25.18%.
A number of equities research analysts recently issued reports on WRK shares. ValuEngine raised WestRock from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. Zacks Investment Research raised WestRock from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Saturday, February 3rd. Bank of America lifted their target price on WestRock from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Citigroup lifted their target price on WestRock from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $85.00 target price on shares of WestRock in a research report on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. WestRock presently has an average rating of “Buy” and a consensus target price of $74.25.
In related news, Director John A. Luke, Jr. sold 7,236 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 504,679 shares of the company’s stock, valued at approximately $33,843,773.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Luke, Jr. sold 10,343 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $63.85, for a total value of $660,400.55. The disclosure for this sale can be found here. Insiders have sold a total of 464,992 shares of company stock worth $30,625,178 in the last ninety days. Insiders own 2.20% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “5,465 Shares in WestRock Co (WRK) Acquired by Hunter Associates Investment Management LLC” was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/03/19/5465-shares-in-westrock-co-wrk-acquired-by-hunter-associates-investment-management-llc.html.
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.
Want to see what other hedge funds are holding WRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WestRock Co (NYSE:WRK).
Receive News & Ratings for WestRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestRock and related companies with MarketBeat.com's FREE daily email newsletter.