WINTON GROUP Ltd cut its stake in WestRock Co (NYSE:WRK) by 35.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,854 shares of the basic materials company’s stock after selling 3,171 shares during the period. WINTON GROUP Ltd’s holdings in WestRock were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. increased its holdings in shares of WestRock by 672.6% during the fourth quarter. Assetmark Inc. now owns 1,661 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 1,446 shares during the period. Invictus RG acquired a new position in shares of WestRock during the third quarter valued at $108,000. Tower Research Capital LLC TRC increased its holdings in shares of WestRock by 1,225.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,107 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 1,948 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of WestRock during the third quarter valued at $147,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of WestRock by 3,666.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,013 shares of the basic materials company’s stock valued at $190,000 after purchasing an additional 2,933 shares during the period. 88.20% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director John A. Luke, Jr. sold 10,343 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 497,557 shares of the company’s stock, valued at $31,684,429.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven C. Voorhees sold 49,267 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $65.00, for a total value of $3,202,355.00. Following the transaction, the chief executive officer now directly owns 700,051 shares of the company’s stock, valued at approximately $45,503,315. The disclosure for this sale can be found here. Insiders have sold 475,335 shares of company stock valued at $31,283,820 in the last ninety days. Company insiders own 2.20% of the company’s stock.
WestRock Co (NYSE WRK) opened at $67.01 on Wednesday. WestRock Co has a 52 week low of $49.23 and a 52 week high of $71.55. The firm has a market capitalization of $17,090.00 and a PE ratio of 25.38. The company has a current ratio of 1.28, a quick ratio of 0.74 and a debt-to-equity ratio of 0.47.
WestRock (NYSE:WRK) last announced its earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share for the quarter, beating 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 quarter last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. equities analysts forecast that WestRock Co will post 3.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 16th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, February 15th. This represents a $1.72 annualized dividend and a yield of 2.57%. WestRock’s dividend payout ratio is currently 65.15%.
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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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