Deutsche Bank AG Cuts Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

Deutsche Bank AG trimmed its position in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,779 shares of the company's stock after selling 25,068 shares during the quarter. Deutsche Bank AG owned 0.17% of West Fraser Timber worth $11,319,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in shares of West Fraser Timber in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC acquired a new stake in West Fraser Timber in the 4th quarter valued at about $39,000. Signaturefd LLC raised its stake in West Fraser Timber by 22.5% in the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company's stock worth $93,000 after purchasing an additional 198 shares in the last quarter. Natixis increased its holdings in West Fraser Timber by 61.8% in the 4th quarter. Natixis now owns 1,605 shares of the company's stock valued at $139,000 after buying an additional 613 shares during the period. Finally, D.B. Root & Company LLC raised its stake in West Fraser Timber by 24.0% during the fourth quarter. D.B. Root & Company LLC now owns 2,840 shares of the company's stock worth $246,000 after acquiring an additional 549 shares in the last quarter. Institutional investors and hedge funds own 40.23% of the company's stock.

West Fraser Timber Price Performance

WFG traded up $0.75 on Monday, reaching $75.88. 79,616 shares of the company's stock were exchanged, compared to its average volume of 175,346. The stock has a market cap of $5.85 billion, a PE ratio of -361.33 and a beta of 1.21. The stock's fifty day moving average price is $74.95 and its 200-day moving average price is $83.21. West Fraser Timber Co. Ltd. has a twelve month low of $69.48 and a twelve month high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.53 billion. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. As a group, research analysts predict that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on WFG shares. Raymond James reduced their price objective on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Scotiabank lowered their price target on shares of West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada reduced their price objective on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, TD Securities cut their target price on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $100.40.

About West Fraser Timber

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.