WestRock (NYSE:WRK) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of WestRock (NYSE:WRKFree Report) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,552,490 shares of the basic materials company’s stock after acquiring an additional 78,818 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.00% of WestRock worth $91,379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in shares of WestRock by 14.2% in the 3rd quarter. Fifth Third Bancorp now owns 9,433 shares of the basic materials company’s stock worth $338,000 after buying an additional 1,174 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in WestRock by 13.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 43,318 shares of the basic materials company’s stock valued at $1,259,000 after purchasing an additional 5,073 shares in the last quarter. National Bank of Canada FI increased its holdings in WestRock by 635.3% during the 3rd quarter. National Bank of Canada FI now owns 657,681 shares of the basic materials company’s stock valued at $23,406,000 after purchasing an additional 568,232 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in WestRock during the 3rd quarter valued at $1,171,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in WestRock during the 3rd quarter valued at $1,671,000. 85.51% of the stock is currently owned by institutional investors.

WestRock Stock Down 0.7 %

WRK stock opened at $42.50 on Monday. The business’s 50-day moving average price is $41.40 and its two-hundred day moving average price is $37.50. WestRock has a 1-year low of $26.84 and a 1-year high of $43.58. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

WestRock (NYSE:WRKGet Free Report) last released its earnings results on Thursday, February 1st. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate 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 company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. On average, research analysts expect that WestRock will post 1.95 earnings per share for the current year.

WestRock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Friday, February 9th will be given a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, February 8th. WestRock’s dividend payout ratio (DPR) is currently -18.01%.

Analyst Ratings Changes

A number of brokerages have commented on WRK. Wells Fargo & Company reiterated an “equal weight” rating and issued a $45.00 price objective (up from $42.00) on shares of WestRock in a research report on Thursday, January 11th. StockNews.com began coverage on WestRock in a research report on Monday. They issued a “hold” rating on the stock. Seaport Res Ptn lowered WestRock from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. Argus upgraded WestRock from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Truist Financial raised their price target on WestRock from $40.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, January 4th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, WestRock presently has a consensus rating of “Hold” and a consensus price target of $39.43.

Get Our Latest Research Report on WestRock

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.

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Institutional Ownership by Quarter for WestRock (NYSE:WRK)

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