5,171 Shares in WestRock (NYSE:WRK) Bought by Commerce Bank

Commerce Bank bought a new position in shares of WestRock (NYSE:WRKFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,171 shares of the basic materials company’s stock, valued at approximately $215,000.

A number of other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in shares of WestRock in the 3rd quarter valued at about $27,000. International Assets Investment Management LLC grew its position in shares of WestRock by 268.7% in the 4th quarter. International Assets Investment Management LLC now owns 789 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 575 shares during the period. Parkside Financial Bank & Trust grew its position in shares of WestRock by 59.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 862 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 320 shares during the period. Clear Street Markets LLC grew its position in shares of WestRock by 198.5% in the 3rd quarter. Clear Street Markets LLC now owns 1,000 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 665 shares during the period. Finally, First United Bank & Trust bought a new position in shares of WestRock in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on WRK. StockNews.com began coverage on shares of WestRock in a research report on Saturday, May 18th. They issued a “hold” rating for the company. Wells Fargo & Company lifted their price objective on shares of WestRock from $46.00 to $51.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Truist Financial lifted their price objective on shares of WestRock from $51.00 to $57.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Argus raised their target price on shares of WestRock from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, WestRock presently has an average rating of “Hold” and an average target price of $48.80.

Read Our Latest Stock Analysis on WRK

WestRock Stock Performance

NYSE WRK opened at $53.64 on Friday. The firm has a 50-day moving average of $50.20 and a 200-day moving average of $45.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.85 and a current ratio of 1.34. The stock has a market cap of $13.79 billion, a PE ratio of 45.08, a P/E/G ratio of 3.40 and a beta of 1.10. WestRock has a 52-week low of $27.12 and a 52-week high of $54.37.

WestRock (NYSE:WRKGet Free Report) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. WestRock had a net margin of 1.57% and a return on equity of 5.85%. The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.75 billion. During the same quarter last year, the company posted $0.77 EPS. WestRock’s quarterly revenue was down 10.4% compared to the same quarter last year. On average, sell-side analysts anticipate that WestRock will post 2.11 EPS for the current year.

WestRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Tuesday, May 14th were paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 2.26%. The ex-dividend date was Monday, May 13th. WestRock’s dividend payout ratio (DPR) is 101.68%.

Insiders Place Their Bets

In other WestRock news, insider John L. O’neal sold 6,965 shares of WestRock stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $51.47, for a total value of $358,488.55. Following the completion of the sale, the insider now owns 60,491 shares in the company, valued at approximately $3,113,471.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Denise R. Singleton sold 9,700 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $51.46, for a total value of $499,162.00. Following the completion of the transaction, the executive vice president now directly owns 74,946 shares in the company, valued at approximately $3,856,721.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John L. O’neal sold 6,965 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $51.47, for a total transaction of $358,488.55. Following the completion of the transaction, the insider now owns 60,491 shares of the company’s stock, valued at $3,113,471.77. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

WestRock Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for WestRock (NYSE:WRK)

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.