SG Americas Securities LLC lifted its holdings in WestRock Co (NYSE:WRK) by 31.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,885 shares of the basic materials company’s stock after buying an additional 5,445 shares during the quarter. SG Americas Securities LLC’s holdings in WestRock were worth $1,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Sentry Investment Management LLC increased its holdings in WestRock by 3.1% during the 2nd quarter. Sentry Investment Management LLC now owns 14,661 shares of the basic materials company’s stock worth $831,000 after purchasing an additional 442 shares during the period. Tocqueville Asset Management L.P. increased its holdings in WestRock by 21.8% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 5,310 shares of the basic materials company’s stock worth $301,000 after purchasing an additional 951 shares during the period. Salem Investment Counselors Inc. increased its holdings in WestRock by 1.1% during the 3rd quarter. Salem Investment Counselors Inc. now owns 87,746 shares of the basic materials company’s stock worth $5,088,000 after purchasing an additional 953 shares during the period. Eqis Capital Management Inc. increased its holdings in WestRock by 9.9% during the 3rd quarter. Eqis Capital Management Inc. now owns 11,786 shares of the basic materials company’s stock worth $669,000 after purchasing an additional 1,058 shares during the period. Finally, Mutual of America Capital Management LLC increased its holdings in WestRock by 4.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 31,943 shares of the basic materials company’s stock worth $1,812,000 after purchasing an additional 1,329 shares during the period. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Shares of WestRock Co (WRK) opened at $62.33 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.74 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $16,240.00 and a price-to-earnings ratio of 9.13. WestRock Co has a 52-week low of $49.23 and a 52-week high of $71.55.

WestRock (NYSE:WRK) last announced its earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.12. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.95 billion. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. equities research analysts forecast that WestRock Co will post 3.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Friday, February 16th will be given 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 2.76%. WestRock’s dividend payout ratio (DPR) is presently 25.18%.

WRK has been the topic of several research reports. Royal Bank of Canada restated a “buy” rating and set a $85.00 price objective on shares of WestRock in a report on Tuesday, January 30th. Deutsche Bank set a $78.00 price objective on WestRock and gave the stock a “buy” rating in a report on Tuesday, January 30th. DA Davidson restated a “buy” rating and set a $82.00 price objective on shares of WestRock in a report on Tuesday, January 30th. BMO Capital Markets restated a “buy” rating and set a $77.00 price objective on shares of WestRock in a report on Thursday, January 25th. Finally, Citigroup raised their price objective on WestRock from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.92.

In other news, EVP Jennifer Graham-Johnson sold 7,700 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $59.23, for a total value of $456,071.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John A. Luke, Jr. sold 10,343 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $58.55, for a total value of $605,582.65. Following the completion of the sale, the director now directly owns 497,557 shares of the company’s stock, valued at approximately $29,131,962.35. The disclosure for this sale can be found here. Insiders have sold a total of 249,624 shares of company stock worth $15,897,888 in the last ninety days. Insiders own 2.68% of the company’s stock.

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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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