The Henderson Group PLC Has $1.77 Million Position in WestRock Co (WRK)

The Henderson Group PLC Has $1.77 Million Position in WestRock Co (WRK)

Several other large investors have also made changes to their positions in the stock. Capital World Investors boosted its stake in shares of WestRock by 13.5% in the third quarter. Capital World Investors now owns 11,750,724 shares of the basic materials company’s stock valued at $569,675,000 after buying an additional 1,395,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of WestRock by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,546,901 shares of the basic materials company’s stock valued at $129,324,000 after buying an additional 38,226 shares during the last quarter. Norges Bank purchased a new stake in shares of WestRock during the fourth quarter valued at $121,630,000. Investec Asset Management LTD boosted its stake in shares of WestRock by 1.9% in the fourth quarter. Investec Asset Management LTD now owns 1,586,830 shares of the basic materials company’s stock valued at $80,563,000 after buying an additional 29,008 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of WestRock by 153.9% in the third quarter. Morgan Stanley now owns 1,410,558 shares of the basic materials company’s stock valued at $68,383,000 after buying an additional 854,961 shares during the last quarter. 90.57% of the stock is owned by institutional investors.

Henderson Group PLC raised its position in shares of WestRock Co (NYSE:WRK) by 2.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,949 shares of the basic materials company’s stock after buying an additional 800 shares during the period. Henderson Group PLC’s holdings in WestRock were worth $1,767,000 as of its most recent filing with the SEC.

WestRock Co (NYSE WRK) opened at 55.10 on Monday. WestRock Co has a 52 week low of $35.77 and a 52 week high of $56.32. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 76.63 and a beta of 1.27. The company has a 50 day moving average of $53.66 and a 200 day moving average of $52.55.

WestRock (NYSE:WRK) last released its earnings results on Wednesday, April 26th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.07. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.59 billion. WestRock had a return on equity of 6.32% and a net margin of 0.96%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, equities analysts forecast that WestRock Co will post $2.50 EPS for the current fiscal year. The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, May 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Wednesday, May 3rd. WestRock’s payout ratio is currently 301.89%.

WestRock (NYSE:WRK) last released its earnings results on Wednesday, April 26th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.07. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.59 billion. WestRock had a return on equity of 6.32% and a net margin of 0.96%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, equities analysts forecast that WestRock Co will post $2.50 EPS for the current fiscal year. Several equities research analysts have weighed in on WRK shares. Goldman Sachs Group Inc raised shares of WestRock from a “neutral” rating to a “buy” rating and increased their price target for the company from $57.00 to $61.00 in a research report on Tuesday, April 18th. Jefferies Group LLC restated a “buy” rating and issued a $65.00 price objective on shares of WestRock in a report on Tuesday, March 7th. Credit Suisse Group AG restated a “buy” rating and issued a $66.00 price objective on shares of WestRock in a report on Thursday, April 27th. Deutsche Bank AG upped their price objective on shares of WestRock from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Finally, Barclays PLC upped their price objective on shares of WestRock from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, May 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $60.40.

In other news, Director John A. Luke, Jr. sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $53.83, for a total value of $4,037,250.00. Following the transaction, the director now owns 495,435 shares of the company’s stock, valued at $26,669,266.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John A. Luke, Jr. sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $55.14, for a total value of $3,032,700.00. Following the completion of the transaction, the director now directly owns 570,435 shares in the company, valued at approximately $31,453,785.90. The disclosure for this sale can be found here. Insiders own 2.68% of the company’s stock. WestRock Company Profile

WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WRK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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