Crossmark Global Holdings Inc. Has $795,000 Stock Position in WestRock (NYSE:WRK)

Crossmark Global Holdings Inc. decreased its position in shares of WestRock (NYSE:WRKFree Report) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,165 shares of the basic materials company’s stock after selling 2,411 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in WestRock were worth $795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of WRK. Tower Research Capital LLC TRC increased its stake in WestRock by 48.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 38,608 shares of the basic materials company’s stock valued at $1,603,000 after purchasing an additional 12,678 shares in the last quarter. Eisler Capital UK Ltd. bought a new stake in shares of WestRock during the fourth quarter worth about $9,961,000. KRYGER CAPITAL Ltd acquired a new stake in shares of WestRock in the 4th quarter worth about $55,228,000. Blueshift Asset Management LLC bought a new position in WestRock in the 4th quarter valued at about $272,000. Finally, Royal London Asset Management Ltd. boosted its stake in WestRock by 26.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 45,832 shares of the basic materials company’s stock valued at $1,903,000 after purchasing an additional 9,591 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

WestRock Price Performance

Shares of NYSE:WRK opened at $50.50 on Tuesday. The company has a market capitalization of $12.98 billion, a P/E ratio of 42.44, a price-to-earnings-growth ratio of 3.29 and a beta of 1.08. The company’s 50-day moving average is $50.63 and its 200 day moving average is $45.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.85 and a current ratio of 1.34. WestRock has a fifty-two week low of $27.12 and a fifty-two week high of $54.83.

WestRock (NYSE:WRKGet Free Report) last released its earnings results on Thursday, May 2nd. The basic materials company reported $0.39 earnings per share for the quarter, beating 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 firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.75 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. On average, equities research analysts forecast that WestRock will post 2.11 earnings per share for the current year.

WestRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Monday, May 13th. WestRock’s dividend payout ratio (DPR) is 101.68%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on WRK

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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