Teachers Advisors LLC Buys 15,651 Shares of Westrock Company (WRK)

Teachers Advisors LLC increased its stake in shares of Westrock Company (NYSE:WRK) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 666,117 shares of the basic materials company’s stock after purchasing an additional 15,651 shares during the quarter. Teachers Advisors LLC owned approximately 0.27% of Westrock worth $37,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James Trust N.A. increased its position in Westrock by 2.8% during the 2nd quarter. Raymond James Trust N.A. now owns 10,706 shares of the basic materials company’s stock worth $607,000 after purchasing an additional 289 shares in the last quarter. Riverhead Capital Management LLC increased its position in Westrock by 162.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 50,284 shares of the basic materials company’s stock worth $2,849,000 after purchasing an additional 31,103 shares in the last quarter. AJO LP increased its position in Westrock by 13,639.1% during the 2nd quarter. AJO LP now owns 2,782,160 shares of the basic materials company’s stock worth $157,637,000 after purchasing an additional 2,761,910 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Westrock by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,548 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 509 shares in the last quarter. Finally, Chapter IV Investors LLC increased its position in Westrock by 23.1% during the 2nd quarter. Chapter IV Investors LLC now owns 400,000 shares of the basic materials company’s stock worth $22,664,000 after purchasing an additional 75,000 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

In other Westrock news, insider Jeffrey Wayne Chalovich sold 18,368 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $58.41, for a total value of $1,072,874.88. Following the transaction, the insider now directly owns 24,859 shares of the company’s stock, valued at approximately $1,452,014.19. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John A. Luke, Jr. sold 10,343 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $58.61, for a total value of $606,203.23. Following the completion of the transaction, the director now directly owns 497,557 shares in the company, valued at $29,161,815.77. The disclosure for this sale can be found here. Insiders have sold 422,693 shares of company stock worth $23,727,055 over the last three months. 2.68% of the stock is owned by insiders.

A number of analysts recently commented on the company. BidaskClub cut Westrock from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Barclays PLC lifted their price objective on Westrock from $54.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Jefferies Group LLC restated a “buy” rating and issued a $69.00 price target on shares of Westrock in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) upgraded Westrock from a “buy” rating to a “conviction-buy” rating in a report on Thursday, July 13th. Finally, BMO Capital Markets restated a “buy” rating and issued a $62.00 price target on shares of Westrock in a report on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $63.44.

Shares of Westrock Company (NYSE:WRK) opened at 57.74 on Tuesday. Westrock Company has a 12-month low of $43.79 and a 12-month high of $59.02. The firm has a 50-day moving average price of $57.63 and a 200 day moving average price of $57.12. The stock has a market cap of $14.48 billion, a PE ratio of 35.04 and a beta of 1.37.

Westrock (NYSE:WRK) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.10. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.66 billion. Westrock had a return on equity of 6.38% and a net margin of 2.92%. Westrock’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. Equities research analysts predict that Westrock Company will post $2.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Friday, August 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.77%. The ex-dividend date was Wednesday, August 9th. Westrock’s payout ratio is 97.56%.

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Westrock 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.

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Institutional Ownership by Quarter for Westrock (NYSE:WRK)

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