WestRock (NYSE:WRK) Stock Holdings Decreased by Raymond James Trust N.A.

Raymond James Trust N.A. lowered its stake in WestRock (NYSE:WRK – Get Rating) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,976 shares of the basic materials company’s stock after selling 1,094 shares during the period. Raymond James Trust N.A.’s holdings in WestRock were worth $316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dakota Wealth Management acquired a new position in shares of WestRock in the 3rd quarter valued at about $235,000. Ontario Teachers Pension Plan Board boosted its holdings in shares of WestRock by 125.5% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 22,111 shares of the basic materials company’s stock valued at $683,000 after buying an additional 12,304 shares during the period. Signaturefd LLC boosted its holdings in shares of WestRock by 90.1% in the 4th quarter. Signaturefd LLC now owns 3,251 shares of the basic materials company’s stock valued at $114,000 after buying an additional 1,541 shares during the period. Prudential PLC boosted its holdings in shares of WestRock by 16.6% in the 3rd quarter. Prudential PLC now owns 10,286 shares of the basic materials company’s stock valued at $318,000 after buying an additional 1,468 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of WestRock by 65.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 204,864 shares of the basic materials company’s stock valued at $6,328,000 after buying an additional 81,117 shares during the period. 84.08% of the stock is owned by institutional investors and hedge funds.

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WestRock Stock Up 0.2 %

NYSE WRK opened at $30.86 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.51 and a quick ratio of 1.00. The company’s 50 day simple moving average is $30.45 and its 200 day simple moving average is $33.64. WestRock has a 12 month low of $26.84 and a 12 month high of $54.78. The company has a market capitalization of $7.86 billion, a P/E ratio of 9.83, a PEG ratio of 1.00 and a beta of 1.20.

WestRock (NYSE:WRK – Get Rating) last released its quarterly earnings results on Wednesday, February 1st. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). WestRock had a net margin of 3.80% and a return on equity of 10.53%. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm’s revenue was down .6% compared to the same quarter last year. Equities research analysts expect that WestRock will post 2.9 earnings per share for the current fiscal year.

WestRock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 22nd. Stockholders of record on Friday, February 10th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.56%. WestRock’s dividend payout ratio is currently 35.03%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WRK. Deutsche Bank Aktiengesellschaft reduced their target price on shares of WestRock from $34.00 to $32.00 in a research note on Wednesday, March 15th. Argus lowered shares of WestRock from a “buy” rating to a “hold” rating in a research note on Monday, February 13th. Wells Fargo & Company upped their price target on shares of WestRock from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, February 2nd. Bank of America raised shares of WestRock from a “neutral” rating to a “buy” rating and upped their price target for the stock from $38.00 to $40.00 in a research note on Thursday, April 20th. Finally, StockNews.com started coverage on shares of WestRock in a research note on Thursday, March 16th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $33.57.

WestRock Profile

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WestRock Co engages in the provision of sustainable fiber-based paper and packaging solutions. It operates through the following segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment consists of the sale of corrugated containers and other corrugated products including displays.

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