CapWealth Advisors LLC Sells 27,550 Shares of WestRock (NYSE:WRK)

CapWealth Advisors LLC reduced its holdings in WestRock (NYSE:WRK - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 175,615 shares of the basic materials company's stock after selling 27,550 shares during the quarter. CapWealth Advisors LLC owned approximately 0.07% of WestRock worth $7,292,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the business. Ancora Advisors LLC acquired a new position in WestRock during the 1st quarter valued at $29,000. NBC Securities Inc. acquired a new position in WestRock during the 3rd quarter valued at $27,000. International Assets Investment Management LLC increased its holdings in WestRock by 268.7% in the 4th quarter. International Assets Investment Management LLC now owns 789 shares of the basic materials company's stock valued at $33,000 after buying an additional 575 shares during the period. Financial Management Professionals Inc. increased its holdings in WestRock by 1,815.2% in the 3rd quarter. Financial Management Professionals Inc. now owns 881 shares of the basic materials company's stock valued at $32,000 after buying an additional 835 shares during the period. Finally, Gyon Technologies Capital Management LP bought a new stake in WestRock in the 4th quarter valued at $31,000. 83.38% of the stock is owned by institutional investors.

Insider Transactions at WestRock

In other news, insider Vicki L. Lostetter sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.77, for a total transaction of $149,695.00. Following the completion of the transaction, the insider now directly owns 92,117 shares of the company's stock, valued at approximately $3,939,844.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.49% of the company's stock.

WestRock Stock Up 0.7 %

WRK stock traded up $0.34 during mid-day trading on Thursday, hitting $47.57. 1,600,468 shares of the company were exchanged, compared to its average volume of 2,133,757. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 1.55. The firm has a market cap of $12.28 billion, a P/E ratio of -7.14, a P/E/G ratio of 3.86 and a beta of 1.10. The firm's 50 day simple moving average is $46.53 and its 200 day simple moving average is $41.79. WestRock has a 1-year low of $26.85 and a 1-year high of $49.67.

WestRock (NYSE:WRK - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.15). The business had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.79 billion. WestRock had a positive return on equity of 6.87% and a negative net margin of 8.58%. WestRock's revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. On average, sell-side analysts predict that WestRock will post 1.95 EPS for the current fiscal year.

WestRock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Friday, February 9th were paid a dividend of $0.3025 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.21 annualized dividend and a dividend yield of 2.54%. WestRock's dividend payout ratio is currently -18.01%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of WestRock in a report on Tuesday. They issued a "hold" rating on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $42.00 price target on shares of WestRock in a report on Friday, February 2nd. Seaport Res Ptn lowered shares of WestRock from a "buy" rating to a "neutral" rating in a report on Monday, January 29th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $45.00 target price (up previously from $42.00) on shares of WestRock in a report on Thursday, January 11th. Finally, Truist Financial increased their price target on shares of WestRock from $40.00 to $48.00 and gave the company a "hold" rating in a research report on Thursday, January 4th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, WestRock currently has an average rating of "Hold" and an average price target of $42.40.

About WestRock

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.