Systematic Financial Management LP cut its stake in shares of WestRock Co (NYSE:WRK) by 36.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 486,564 shares of the basic materials company’s stock after selling 281,049 shares during the quarter. Systematic Financial Management LP owned about 0.19% of WestRock worth $30,756,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of WRK. American Century Companies Inc. increased its holdings in WestRock by 32.6% in the 4th quarter. American Century Companies Inc. now owns 4,631,286 shares of the basic materials company’s stock worth $292,744,000 after buying an additional 1,138,884 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in WestRock in the 3rd quarter worth about $51,740,000. Alps Advisors Inc. purchased a new position in WestRock in the fourth quarter worth about $47,018,000. Investec Asset Management LTD boosted its position in WestRock by 31.8% in the third quarter. Investec Asset Management LTD now owns 2,063,933 shares of the basic materials company’s stock worth $117,087,000 after purchasing an additional 497,746 shares during the last quarter. Finally, Cypress Funds LLC purchased a new position in WestRock in the third quarter worth about $25,245,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.
In related news, Director John A. Luke, Jr. sold 10,343 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $63.68, for a total transaction of $658,642.24. Following the completion of the sale, the director now directly owns 497,557 shares in the company, valued at approximately $31,684,429.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Luke, Jr. sold 7,236 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $67.06, for a total value of $485,246.16. Following the sale, the director now owns 504,679 shares of the company’s stock, valued at $33,843,773.74. The disclosure for this sale can be found here. Insiders sold a total of 475,335 shares of company stock valued at $31,283,820 over the last quarter. Company insiders own 2.20% of the company’s stock.
WestRock Co (NYSE WRK) opened at $67.01 on Wednesday. WestRock Co has a 1-year low of $49.23 and a 1-year high of $71.55. The company has a current ratio of 1.28, a quick ratio of 0.74 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $17,090.00 and a price-to-earnings ratio of 25.38.
WestRock (NYSE:WRK) last issued its earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.12. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same period in the prior year, the business earned $0.47 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. equities analysts expect that WestRock Co will post 3.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 16th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, February 15th. WestRock’s dividend payout ratio is 65.15%.
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.
Receive News & Ratings for WestRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestRock and related companies with MarketBeat.com's FREE daily email newsletter.