Quantbot Technologies LP Has $1.89 Million Stake in West Fraser Timber Co. Ltd. $WFG

Key Points

• Quantbot Technologies LP increased its stake in West Fraser Timber Co. Ltd. by 316.7%, owning 24,589 shares valued at $1.89 million after purchasing an additional 18,688 shares in the first quarter.
• Analysts have mixed ratings for the stock, with TD Securities lowering their price target from $98.00 to $96.00 while maintaining a "buy" rating, and the consensus target price currently at $100.00.
• West Fraser reported a loss of $0.38 earnings per share last quarter, missing expectations, and has announced a quarterly dividend of $0.32 with a yield of 1.8%.

Quantbot Technologies LP increased its stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 316.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,589 shares of the company's stock after acquiring an additional 18,688 shares during the quarter. Quantbot Technologies LP's holdings in West Fraser Timber were worth $1,892,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WFG. LPL Financial LLC raised its holdings in West Fraser Timber by 46.6% during the fourth quarter. LPL Financial LLC now owns 6,642 shares of the company's stock valued at $575,000 after buying an additional 2,111 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in West Fraser Timber by 8.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 24,589 shares of the company's stock valued at $2,129,000 after acquiring an additional 1,969 shares during the period. Raymond James Financial Inc. acquired a new stake in West Fraser Timber during the fourth quarter valued at approximately $487,000. Dimensional Fund Advisors LP boosted its holdings in West Fraser Timber by 11.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 138,435 shares of the company's stock valued at $11,982,000 after purchasing an additional 14,189 shares in the last quarter. Finally, Natixis boosted its holdings in West Fraser Timber by 61.8% during the fourth quarter. Natixis now owns 1,605 shares of the company's stock valued at $139,000 after purchasing an additional 613 shares in the last quarter. Institutional investors and hedge funds own 40.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WFG shares. Raymond James Financial reissued a "market perform" rating on shares of West Fraser Timber in a report on Monday, July 21st. Wall Street Zen cut shares of West Fraser Timber from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Finally, TD Securities dropped their price objective on West Fraser Timber from $98.00 to $96.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $100.00.

West Fraser Timber Price Performance

Shares of NYSE:WFG traded down $0.97 during trading on Wednesday, hitting $73.96. 27,155 shares of the company were exchanged, compared to its average volume of 210,259. The business's 50 day moving average is $73.63 and its 200-day moving average is $75.11. The company has a market capitalization of $5.67 billion, a P/E ratio of -42.42 and a beta of 1.15. The company has a quick ratio of 1.61, a current ratio of 2.89 and a debt-to-equity ratio of 0.04. West Fraser Timber Co. Ltd. has a 1-year low of $68.63 and a 1-year high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.74). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.61 billion. West Fraser Timber had a negative return on equity of 0.85% and a negative net margin of 2.18%. Equities analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.

West Fraser Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, June 26th. West Fraser Timber's payout ratio is -73.14%.

West Fraser Timber Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.