Grace & White Inc. NY Has $336,000 Stock Holdings in WestRock (NYSE:WRK)

Grace & White Inc. NY cut its holdings in WestRock (NYSE:WRK) by 64.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,093 shares of the basic materials company’s stock after selling 14,567 shares during the quarter. Grace & White Inc. NY’s holdings in WestRock were worth $336,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in WestRock in the third quarter valued at approximately $27,000. International Assets Investment Management LLC lifted its stake in WestRock by 268.7% in the fourth quarter. International Assets Investment Management LLC now owns 789 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 575 shares during the last quarter. Clear Street Markets LLC raised its position in shares of WestRock by 198.5% in the third quarter. Clear Street Markets LLC now owns 1,000 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 665 shares during the period. Parkside Financial Bank & Trust raised its position in shares of WestRock by 59.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 862 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 320 shares during the period. Finally, GAMMA Investing LLC bought a new position in shares of WestRock in the fourth quarter valued at approximately $55,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at WestRock

In other WestRock news, insider Vicki L. Lostetter sold 3,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.77, for a total transaction of $149,695.00. Following the sale, the insider now owns 92,117 shares of the company’s stock, valued at approximately $3,939,844.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

WestRock Stock Performance

WestRock stock traded down $0.97 on Tuesday, hitting $47.10. The company’s stock had a trading volume of 2,112,174 shares, compared to its average volume of 2,121,753. The firm has a market cap of $12.16 billion, a P/E ratio of -7.02, a price-to-earnings-growth ratio of 3.98 and a beta of 1.10. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average price of $46.84 and a 200-day moving average price of $42.08. WestRock has a one year low of $26.85 and a one year high of $49.67.

WestRock (NYSE:WRK) last announced its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.15). WestRock had a negative net margin of 8.58% and a positive return on equity of 6.87%. The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.79 billion. During the same period last year, the firm earned $0.55 EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities analysts anticipate that WestRock will post 1.93 earnings per share for the current year.

WestRock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Friday, February 9th were issued a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, February 8th. WestRock’s payout ratio is -18.01%.

Wall Street Analysts Forecast Growth

WRK has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of WestRock in a research report on Tuesday, April 16th. They issued a “hold” rating on the stock. Truist Financial lifted 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. Seaport Res Ptn lowered shares of WestRock from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $42.00 price target on shares of WestRock in a research report on Friday, February 2nd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $45.00 target price (up previously from $42.00) on shares of WestRock in a research report on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, WestRock presently has a consensus rating of “Hold” and an average price target of $43.00.

WestRock Profile

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.