Mutual of America Capital Management LLC Has $1.42 Million Stock Position in WestRock (NYSE:WRK)

Mutual of America Capital Management LLC reduced its stake in shares of WestRock (NYSE:WRK) by 4.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 34,306 shares of the basic materials company’s stock after selling 1,552 shares during the quarter. Mutual of America Capital Management LLC’s holdings in WestRock were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. 626 Financial LLC increased its stake in WestRock by 1.4% during the fourth quarter. 626 Financial LLC now owns 18,972 shares of the basic materials company’s stock valued at $788,000 after acquiring an additional 265 shares during the period. Van ECK Associates Corp grew its holdings in shares of WestRock by 2.4% during the 3rd quarter. Van ECK Associates Corp now owns 12,143 shares of the basic materials company’s stock worth $435,000 after purchasing an additional 289 shares in the last quarter. MidWestOne Financial Group Inc. increased its position in shares of WestRock by 3.6% during the first quarter. MidWestOne Financial Group Inc. now owns 8,606 shares of the basic materials company’s stock valued at $405,000 after purchasing an additional 300 shares during the period. Wahed Invest LLC raised its stake in shares of WestRock by 9.3% in the second quarter. Wahed Invest LLC now owns 3,646 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 311 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in WestRock by 0.6% in the first quarter. Yousif Capital Management LLC now owns 53,133 shares of the basic materials company’s stock worth $2,499,000 after purchasing an additional 340 shares during the period. 83.38% of the stock is owned by institutional investors.

WestRock Price Performance

NYSE:WRK opened at $47.99 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.81. The firm has a market cap of $12.39 billion, a PE ratio of -7.14, a price-to-earnings-growth ratio of 3.93 and a beta of 1.10. WestRock has a 12 month low of $26.85 and a 12 month high of $49.67. The company’s 50-day moving average price is $46.74 and its two-hundred day moving average price is $41.99.

WestRock (NYSE:WRK) last posted its earnings results on Thursday, February 1st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.15). The firm had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.79 billion. WestRock had a negative net margin of 8.58% and a positive return on equity of 6.87%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. On average, equities analysts anticipate that WestRock will post 1.93 EPS for the current fiscal year.

WestRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Friday, February 9th were paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Thursday, February 8th. WestRock’s dividend payout ratio is currently -18.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WRK. Royal Bank of Canada restated a “sector perform” rating and issued a $42.00 price objective on shares of WestRock in a research note on Friday, February 2nd. Truist Financial increased their price target on shares of WestRock from $40.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, January 4th. StockNews.com began coverage on shares of WestRock in a research note on Tuesday, April 16th. They set a “hold” rating for the company. Seaport Res Ptn lowered WestRock from a “buy” rating to a “neutral” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $45.00 target price (up previously from $42.00) on shares of WestRock in a research report on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.00.

Insider Transactions at WestRock

In related news, insider Vicki L. Lostetter sold 3,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.77, for a total transaction of $149,695.00. Following the transaction, the insider now owns 92,117 shares in the company, valued at approximately $3,939,844.09. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

WestRock Company 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 through 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.