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

Transform Wealth LLC cut its stake in shares of WestRock (NYSE:WRKGet Rating) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,185 shares of the basic materials company’s stock after selling 1,367 shares during the quarter. Transform Wealth LLC’s holdings in WestRock were worth $1,561,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of WestRock by 0.8% during the first quarter. Vanguard Group Inc. now owns 30,619,872 shares of the basic materials company’s stock valued at $1,440,053,000 after buying an additional 252,490 shares during the last quarter. BlackRock Inc. grew its holdings in shares of WestRock by 7.3% during the first quarter. BlackRock Inc. now owns 22,390,460 shares of the basic materials company’s stock valued at $1,053,023,000 after buying an additional 1,516,498 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of WestRock by 16.4% during the first quarter. Nordea Investment Management AB now owns 7,632,981 shares of the basic materials company’s stock valued at $362,796,000 after buying an additional 1,075,253 shares during the last quarter. Greenhaven Associates Inc. purchased a new stake in shares of WestRock during the first quarter valued at $337,501,000. Finally, Norges Bank purchased a new stake in shares of WestRock during the fourth quarter valued at $262,710,000. 83.52% of the stock is owned by hedge funds and other institutional investors.

WestRock Price Performance

Shares of WRK stock traded down $1.02 during mid-day trading on Friday, hitting $31.81. 82,286 shares of the stock were exchanged, compared to its average volume of 1,914,683. WestRock has a 52-week low of $32.67 and a 52-week high of $54.78. The company has a quick ratio of 0.90, a current ratio of 1.46 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average of $40.35 and a 200 day moving average of $44.10. The company has a market cap of $8.11 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03.

WestRock (NYSE:WRKGet Rating) last released its quarterly earnings results on Thursday, August 4th. The basic materials company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.04. WestRock had a net margin of 4.41% and a return on equity of 10.42%. The firm had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Research analysts anticipate that WestRock will post 4.8 earnings per share for the current year.

WestRock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Friday, August 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.00 annualized dividend and a dividend yield of 3.14%. WestRock’s dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling

In other WestRock news, insider John L. O’neal sold 5,173 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $42.55, for a total value of $220,111.15. Following the completion of the sale, the insider now owns 46,305 shares in the company, valued at approximately $1,970,277.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider John L. O’neal sold 5,173 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $42.55, for a total value of $220,111.15. Following the completion of the sale, the insider now owns 46,305 shares of the company’s stock, valued at approximately $1,970,277.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James E. Nevels sold 2,483 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $42.36, for a total transaction of $105,179.88. Following the transaction, the director now directly owns 14,326 shares of the company’s stock, valued at approximately $606,849.36. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com raised shares of WestRock from a “buy” rating to a “strong-buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of WestRock from $59.00 to $45.00 in a report on Tuesday, July 19th. Jefferies Financial Group lowered their price target on shares of WestRock from $45.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, September 16th. Citigroup lowered shares of WestRock from a “buy” rating to a “neutral” rating and lowered their price target for the company from $53.00 to $45.00 in a report on Tuesday, June 21st. Finally, Wells Fargo & Company lowered their price target on shares of WestRock from $66.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, WestRock has an average rating of “Hold” and an average price target of $47.29.

WestRock Profile

(Get Rating)

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 two segments, Corrugated Packaging and Consumer Packaging. 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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Institutional Ownership by Quarter for WestRock (NYSE:WRK)

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