Victory Capital Management Inc. Has $3.60 Million Position in WestRock (NYSE:WRK)

Victory Capital Management Inc. lessened its stake in WestRock (NYSE:WRK - Free Report) by 34.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,158 shares of the basic materials company's stock after selling 62,354 shares during the quarter. Victory Capital Management Inc.'s holdings in WestRock were worth $3,600,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. boosted its position in WestRock by 0.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 148,543 shares of the basic materials company's stock valued at $5,223,000 after purchasing an additional 762 shares during the last quarter. Janney Montgomery Scott LLC raised its position in WestRock by 3.7% during the first quarter. Janney Montgomery Scott LLC now owns 25,748 shares of the basic materials company's stock valued at $785,000 after acquiring an additional 912 shares in the last quarter. Brandywine Global Investment Management LLC lifted its stake in WestRock by 5.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 155,314 shares of the basic materials company's stock valued at $5,461,000 after acquiring an additional 7,775 shares during the last quarter. American Century Companies Inc. lifted its stake in WestRock by 273.4% in the fourth quarter. American Century Companies Inc. now owns 1,255,317 shares of the basic materials company's stock valued at $44,137,000 after acquiring an additional 919,165 shares during the last quarter. Finally, Signaturefd LLC grew its position in WestRock by 90.1% in the fourth quarter. Signaturefd LLC now owns 3,251 shares of the basic materials company's stock worth $114,000 after acquiring an additional 1,541 shares in the last quarter. Hedge funds and other institutional investors own 84.54% of the company's stock.

Shares of NYSE WRK opened at $34.54 on Friday. WestRock has a one year low of $26.84 and a one year high of $43.37. The company has a current ratio of 1.53, a quick ratio of 1.02 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $29.69 and a 200 day simple moving average of $30.62. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of -7.11, a PEG ratio of 1.32 and a beta of 1.20.

WestRock (NYSE:WRK - Get Free Report) last posted its earnings results on Thursday, May 4th. The basic materials company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.26. The business had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.23 billion. WestRock had a negative net margin of 5.86% and a positive return on equity of 9.98%. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Sell-side analysts expect that WestRock will post 2.34 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be given a dividend of $0.275 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.10 annualized dividend and a dividend yield of 3.18%. WestRock's dividend payout ratio (DPR) is presently -22.63%.

Several equities research analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of WestRock from $42.00 to $37.00 in a research note on Friday, June 30th. StockNews.com started coverage on WestRock in a research note on Thursday, May 18th. They issued a "hold" rating on the stock. Truist Financial lowered their price target on WestRock from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, July 18th. Finally, Bank of America raised shares of WestRock from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $38.00 to $40.00 in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, WestRock has an average rating of "Hold" and a consensus price target of $33.25.

Get Our Latest Analysis on WRK

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates in 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.

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