Transform Wealth LLC Has $1.59 Million Stock Holdings in WestRock (NYSE:WRK)

Transform Wealth LLC lessened its holdings in WestRock (NYSE:WRK) by 5.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,067 shares of the basic materials company’s stock after selling 1,974 shares during the period. Transform Wealth LLC’s holdings in WestRock were worth $1,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its position in shares of WestRock by 268.7% in the fourth quarter. International Assets Investment Management LLC now owns 789 shares of the basic materials company’s stock worth $33,000 after buying an additional 575 shares during the period. OLD Point Trust & Financial Services N A acquired a new stake in shares of WestRock in the fourth quarter worth $35,000. Parkside Financial Bank & Trust boosted 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 worth $36,000 after buying an additional 320 shares during the period. First United Bank & Trust purchased a new stake in shares of WestRock during the fourth quarter worth $43,000. Finally, Partnership Wealth Management LLC purchased a new stake in shares of WestRock during the fourth quarter worth $45,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Insider Transactions at WestRock

In other news, insider John L. O’neal sold 6,965 shares of WestRock stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $51.47, for a total value of $358,488.55. Following the transaction, the insider now directly owns 60,491 shares in the company, valued at $3,113,471.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider John L. O’neal sold 6,965 shares of WestRock stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $51.47, for a total value of $358,488.55. Following the transaction, the insider now directly owns 60,491 shares in the company, valued at $3,113,471.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Denise R. Singleton sold 9,700 shares of WestRock stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $51.46, for a total value of $499,162.00. Following the completion of the transaction, the executive vice president now owns 74,946 shares in the company, valued at $3,856,721.16. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WRK shares. Wells Fargo & Company increased their price objective on WestRock from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Truist Financial increased their price objective on WestRock from $51.00 to $57.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Argus increased their price objective on WestRock from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, StockNews.com started coverage on WestRock in a report on Saturday, May 18th. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, WestRock has an average rating of “Hold” and an average price target of $48.80.

WestRock Stock Up 0.1 %

NYSE WRK traded up $0.04 during trading on Thursday, hitting $49.74. 4,109,787 shares of the company traded hands, compared to its average volume of 2,295,149. WestRock has a 12 month low of $27.82 and a 12 month high of $54.83. The business has a fifty day simple moving average of $51.08 and a 200 day simple moving average of $46.58. The company has a current ratio of 1.34, a quick ratio of 0.85 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $12.78 billion, a P/E ratio of 41.80, a PEG ratio of 2.08 and a beta of 1.08.

WestRock (NYSE:WRK) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.14. WestRock had a return on equity of 5.85% and a net margin of 1.57%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same period last year, the company earned $0.77 earnings per share. The business’s revenue was down 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that WestRock will post 2.16 EPS for the current year.

WestRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Tuesday, May 14th were paid a $0.3025 dividend. The ex-dividend date was Monday, May 13th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.43%. WestRock’s payout ratio is presently 101.68%.

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.