Dimensional Fund Advisors LP boosted its holdings in WestRock (NYSE:WRK – Free Report) by 1.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,515,192 shares of the basic materials company’s stock after buying an additional 65,488 shares during the period. Dimensional Fund Advisors LP’s holdings in WestRock were worth $107,102,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in shares of WestRock by 3.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,748 shares of the basic materials company’s stock valued at $785,000 after acquiring an additional 912 shares in the last quarter. Brandywine Global Investment Management LLC boosted its position in shares of WestRock by 5.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 155,314 shares of the basic materials company’s stock worth $5,461,000 after buying an additional 7,775 shares during the period. American Century Companies Inc. boosted its position in shares of WestRock by 273.4% in the fourth quarter. American Century Companies Inc. now owns 1,255,317 shares of the basic materials company’s stock worth $44,137,000 after buying an additional 919,165 shares during the period. Impax Asset Management Group plc grew its stake in shares of WestRock by 0.8% in the first quarter. Impax Asset Management Group plc now owns 5,259,854 shares of the basic materials company’s stock valued at $160,268,000 after buying an additional 41,237 shares in the last quarter. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of WestRock during the 4th quarter valued at about $3,932,000. 85.51% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have issued reports on WRK shares. Royal Bank of Canada increased their price objective on shares of WestRock from $33.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, August 4th. StockNews.com assumed coverage on WestRock in a research note on Thursday, August 17th. They set a “hold” rating for the company. UBS Group reduced their price target on WestRock from $42.00 to $37.00 in a report on Friday, June 30th. Truist Financial upped their target price on WestRock from $29.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Finally, Wells Fargo & Company raised their price target on shares of WestRock from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, WestRock presently has an average rating of “Hold” and a consensus price target of $35.78.
WestRock Stock Performance
WRK stock opened at $33.23 on Friday. WestRock has a 1-year low of $26.84 and a 1-year high of $41.77. The firm has a fifty day moving average price of $31.70 and a two-hundred day moving average price of $30.19. The company has a current ratio of 1.49, a quick ratio of 0.98 and a debt-to-equity ratio of 0.86.
WestRock (NYSE:WRK – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.39. The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.16 billion. WestRock had a positive return on equity of 8.75% and a negative net margin of 6.82%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 EPS. As a group, analysts anticipate that WestRock will post 2.87 EPS for the current fiscal year.
WestRock Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.31%. The ex-dividend date was Wednesday, August 9th. WestRock’s dividend payout ratio (DPR) is -19.86%.
WestRock Profile
WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates in 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.
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