Teacher Retirement System of Texas decreased its position in shares of Westrock Company (NYSE:WRK) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 483,263 shares of the basic materials company’s stock after selling 74 shares during the period. Teacher Retirement System of Texas’ holdings in Westrock were worth $27,382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WRK. Ronna Sue Cohen boosted its position in shares of Westrock by 0.3% in the second quarter. Ronna Sue Cohen now owns 4,601 shares of the basic materials company’s stock worth $261,000 after buying an additional 12 shares during the period. Trust Department MB Financial Bank N A boosted its position in shares of Westrock by 0.4% in the first quarter. Trust Department MB Financial Bank N A now owns 7,831 shares of the basic materials company’s stock worth $407,000 after buying an additional 31 shares during the period. Cleararc Capital Inc. boosted its position in shares of Westrock by 0.7% in the first quarter. Cleararc Capital Inc. now owns 6,144 shares of the basic materials company’s stock worth $320,000 after buying an additional 40 shares during the period. First Midwest Bank Trust Division boosted its position in shares of Westrock by 0.5% in the second quarter. First Midwest Bank Trust Division now owns 10,845 shares of the basic materials company’s stock worth $614,000 after buying an additional 55 shares during the period. Finally, Wetherby Asset Management Inc. boosted its position in shares of Westrock by 1.4% in the second quarter. Wetherby Asset Management Inc. now owns 4,495 shares of the basic materials company’s stock worth $255,000 after buying an additional 60 shares during the period. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Westrock Company (WRK) opened at 55.61 on Friday. The company has a market cap of $14.20 billion, a price-to-earnings ratio of 33.74 and a beta of 1.37. The company has a 50 day moving average of $57.65 and a 200-day moving average of $54.55. Westrock Company has a 52 week low of $43.57 and a 52 week high of $60.36.

Westrock (NYSE:WRK) last announced its earnings results on Thursday, August 3rd. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Westrock had a return on equity of 6.38% and a net margin of 2.92%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, equities research analysts expect that Westrock Company will post $2.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Friday, August 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.88%. Westrock’s dividend payout ratio is 97.56%.

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A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Westrock from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, June 27th. BidaskClub lowered shares of Westrock from a “hold” rating to a “sell” rating in a research note on Friday. Jefferies Group LLC reiterated a “buy” rating and set a $65.00 price objective on shares of Westrock in a research note on Thursday, June 22nd. Barclays PLC lifted their price objective on shares of Westrock from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. Finally, Royal Bank Of Canada lifted their price objective on shares of Westrock from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $61.91.

In other news, Director John A. Luke, Jr. sold 10,343 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 497,557 shares of the company’s stock, valued at $29,161,815.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 41,372 shares of company stock valued at $2,404,334 over the last three months. 2.68% of the stock is owned by company insiders.

Westrock Company 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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