Stevens Capital Management LP lessened its stake in Westrock Company (NYSE:WRK) by 40.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,689 shares of the basic materials company’s stock after selling 15,323 shares during the period. Stevens Capital Management LP’s holdings in Westrock were worth $1,287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. AJO LP lifted its holdings in Westrock by 13,639.1% in the 2nd quarter. AJO LP now owns 2,782,160 shares of the basic materials company’s stock valued at $157,637,000 after acquiring an additional 2,761,910 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Westrock by 327.5% in the 2nd quarter. Prudential Financial Inc. now owns 1,998,206 shares of the basic materials company’s stock valued at $113,218,000 after acquiring an additional 1,530,797 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Westrock by 2,916.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,024,046 shares of the basic materials company’s stock valued at $58,023,000 after acquiring an additional 990,097 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in Westrock by 1,801.4% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 962,436 shares of the basic materials company’s stock valued at $37,410,000 after acquiring an additional 911,819 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Westrock by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,211,606 shares of the basic materials company’s stock valued at $1,485,150,000 after acquiring an additional 484,771 shares during the last quarter. Hedge funds and other institutional investors own 88.80% of the company’s stock.

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A number of brokerages have weighed in on WRK. Stephens began coverage on shares of Westrock in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 price target for the company. Barclays PLC upped their price target on shares of Westrock from $52.00 to $54.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Westrock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 7th. KeyCorp reissued a “hold” rating on shares of Westrock in a report on Wednesday, October 11th. Finally, BidaskClub downgraded shares of Westrock from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $65.09.

In other news, Director John A. Luke, Jr. sold 153,718 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $55.40, for a total value of $8,515,977.20. Following the transaction, the director now owns 543,291 shares in the company, valued at approximately $30,098,321.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Luke, Jr. sold 10,343 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $60.74, for a total value of $628,233.82. Following the completion of the transaction, the director now owns 497,557 shares in the company, valued at approximately $30,221,612.18. The disclosure for this sale can be found here. Insiders have sold 453,722 shares of company stock valued at $25,585,382 over the last ninety days. Insiders own 2.68% of the company’s stock.

Shares of Westrock Company (NYSE WRK) opened at $58.84 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.89 and a current ratio of 1.49. Westrock Company has a 52 week low of $48.11 and a 52 week high of $61.60. The company has a market cap of $14,688.64, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.35 and a beta of 1.37.

Westrock (NYSE:WRK) last posted its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Westrock had a net margin of 4.77% and a return on equity of 6.73%. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. equities research analysts predict that Westrock Company will post 3.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, November 9th. This is a positive change from Westrock’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 2.92%. Westrock’s dividend payout ratio is currently 62.09%.

Westrock Company 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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