KBC Group NV Sells 51,755 Shares of WestRock (NYSE:WRK)

KBC Group NV trimmed its position in shares of WestRock (NYSE:WRKFree Report) by 53.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,206 shares of the basic materials company’s stock after selling 51,755 shares during the period. KBC Group NV’s holdings in WestRock were worth $1,877,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of WestRock in the 3rd quarter valued at approximately $27,000. International Assets Investment Management LLC boosted its holdings 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 worth $33,000 after acquiring an additional 575 shares in the last quarter. Clear Street Markets LLC boosted its holdings 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 worth $36,000 after acquiring an additional 665 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings 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 worth $36,000 after acquiring an additional 320 shares in the last quarter. Finally, First United Bank & Trust acquired a new position in shares of WestRock in the 4th quarter worth approximately $43,000. 83.38% of the stock is currently owned by institutional investors.

WestRock Stock Down 0.7 %

NYSE:WRK opened at $51.86 on Friday. The stock’s fifty day moving average price is $50.56 and its two-hundred day moving average price is $45.43. WestRock has a 52-week low of $27.12 and a 52-week high of $54.83. 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 company has a market cap of $13.33 billion, a price-to-earnings ratio of 43.58, a P/E/G ratio of 3.31 and a beta of 1.08.

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

WestRock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Tuesday, May 14th were given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Monday, May 13th. WestRock’s payout ratio is 101.68%.

Insider Buying and Selling at WestRock

In other WestRock news, insider John L. O’neal sold 6,965 shares of the company’s stock in a transaction 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 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 accessible through this hyperlink. In other WestRock news, insider John L. O’neal sold 6,965 shares of the company’s stock in a transaction 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 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 accessible through this hyperlink. Also, EVP Denise R. Singleton sold 9,700 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $51.46, for a total transaction of $499,162.00. Following the completion of the sale, the executive vice president now owns 74,946 shares of the company’s stock, valued at approximately $3,856,721.16. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on WRK shares. StockNews.com started coverage on WestRock in a report on Saturday, May 18th. They issued a “hold” rating on the stock. Truist Financial boosted their target price on WestRock from $51.00 to $57.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Wells Fargo & Company boosted their target price on WestRock from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, Argus boosted their target price on WestRock from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.80.

Get Our Latest Analysis on WestRock

About WestRock

(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.

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Institutional Ownership by Quarter for WestRock (NYSE:WRK)

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