Point72 Hong Kong Ltd boosted its position in shares of Westrock Co (NYSE:WRK) by 155.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,344 shares of the basic materials company’s stock after acquiring an additional 4,466 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Westrock were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in shares of Westrock by 6.2% in the fourth quarter. Advisors Asset Management Inc. now owns 280,450 shares of the basic materials company’s stock valued at $12,034,000 after purchasing an additional 16,312 shares in the last quarter. Scopus Asset Management L.P. acquired a new stake in shares of Westrock during the 4th quarter valued at approximately $5,364,000. AQR Capital Management LLC lifted its position in shares of Westrock by 43.6% during the 4th quarter. AQR Capital Management LLC now owns 897,343 shares of the basic materials company’s stock valued at $38,505,000 after acquiring an additional 272,407 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of Westrock by 4.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 862,142 shares of the basic materials company’s stock valued at $36,995,000 after acquiring an additional 35,613 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Westrock during the 4th quarter valued at approximately $205,000. 82.28% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:WRK traded up $0.11 during mid-day trading on Wednesday, hitting $26.35. The stock had a trading volume of 3,983,092 shares, compared to its average volume of 3,176,000. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.80 and a current ratio of 1.44. The company has a market cap of $6.41 billion, a PE ratio of 7.91 and a beta of 1.75. Westrock Co has a 12-month low of $21.50 and a 12-month high of $44.39. The company’s 50 day moving average is $33.74 and its 200-day moving average is $37.93.

Westrock (NYSE:WRK) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.01). The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.38 billion. Westrock had a net margin of 4.69% and a return on equity of 8.23%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 EPS. On average, equities research analysts predict that Westrock Co will post 3.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were issued a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date of this dividend was Thursday, February 13th. Westrock’s dividend payout ratio (DPR) is presently 46.73%.

A number of equities research analysts have recently issued reports on WRK shares. ValuEngine upgraded shares of Westrock from a “sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Wells Fargo & Co upgraded shares of Westrock from an “equal weight” rating to an “overweight” rating and set a $52.00 target price for the company in a research report on Thursday, January 2nd. Royal Bank of Canada restated a “hold” rating and issued a $27.00 target price on shares of Westrock in a research report on Wednesday, March 18th. Exane BNP Paribas began coverage on shares of Westrock in a research report on Monday, December 2nd. They issued an “outperform” rating and a $48.00 target price for the company. Finally, BNP Paribas began coverage on shares of Westrock in a research report on Monday, December 2nd. They issued an “outperform” rating and a $48.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $43.00.

Westrock Profile

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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