WestRock (NYSE:WRK) Shares Sold by BIP Wealth LLC

BIP Wealth LLC lowered its position in WestRock (NYSE:WRK) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,099 shares of the basic materials company’s stock after selling 3,525 shares during the quarter. BIP Wealth LLC’s holdings in WestRock were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in WRK. Tokio Marine Asset Management Co. Ltd. increased its position in shares of WestRock by 9.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,504 shares of the basic materials company’s stock valued at $353,000 after purchasing an additional 761 shares during the period. GAMMA Investing LLC bought a new stake in shares of WestRock in the 4th quarter worth $55,000. Harbor Advisors LLC bought a new stake in shares of WestRock in the 4th quarter worth $221,000. Parkside Financial Bank & Trust raised its stake in shares of WestRock by 59.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 862 shares of the basic materials company’s stock worth $36,000 after buying an additional 320 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of WestRock by 153.5% in the 4th quarter. Signaturefd LLC now owns 7,186 shares of the basic materials company’s stock worth $298,000 after buying an additional 4,351 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WRK. Wells Fargo & Company reissued an “equal weight” rating and issued a $45.00 price objective (up previously from $42.00) on shares of WestRock in a research note on Thursday, January 11th. StockNews.com began coverage on WestRock in a research note on Wednesday. They issued a “hold” rating on the stock. Truist Financial boosted their target price on WestRock from $40.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, January 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $42.00 target price on shares of WestRock in a research report on Friday, February 2nd. Finally, Seaport Res Ptn lowered WestRock from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.00.

Insider Buying and Selling at WestRock

In other WestRock news, insider Vicki L. Lostetter sold 3,500 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.77, for a total value of $149,695.00. Following the transaction, the insider now owns 92,117 shares in the company, valued at $3,939,844.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

WestRock Stock Up 0.8 %

NYSE:WRK traded up $0.38 during trading hours on Wednesday, hitting $47.49. 1,846,149 shares of the company’s stock traded hands, compared to its average volume of 2,118,264. The firm has a market cap of $12.26 billion, a P/E ratio of -7.07, a P/E/G ratio of 4.49 and a beta of 1.10. WestRock has a twelve month low of $26.85 and a twelve month high of $49.67. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 1.55. The stock’s fifty day moving average price is $46.94 and its two-hundred day moving average price is $42.16.

WestRock (NYSE:WRK) last posted its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.15). The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.79 billion. WestRock had a negative net margin of 8.58% and a positive return on equity of 6.87%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, research analysts expect that WestRock will post 1.93 earnings per share for the current fiscal year.

WestRock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Friday, February 9th were given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 2.55%. The ex-dividend date was Thursday, February 8th. WestRock’s payout ratio is -18.01%.

About WestRock

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers.