Blue Trust Inc. Raises Stock Holdings in Westrock Coffee (NASDAQ:WEST)

Blue Trust Inc. boosted its holdings in shares of Westrock Coffee (NASDAQ:WEST) by 62.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,107 shares of the company’s stock after purchasing an additional 6,981 shares during the quarter. Blue Trust Inc.’s holdings in Westrock Coffee were worth $118,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WEST. B. Riley Wealth Advisors Inc. increased its stake in shares of Westrock Coffee by 26.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 24,578 shares of the company’s stock worth $159,000 after buying an additional 5,200 shares during the last quarter. Arvest Bank Trust Division acquired a new position in Westrock Coffee during the 3rd quarter worth $115,000. Barclays PLC increased its position in shares of Westrock Coffee by 363.9% in the 3rd quarter. Barclays PLC now owns 57,357 shares of the company’s stock worth $373,000 after purchasing an additional 44,993 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Westrock Coffee by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 806,325 shares of the company’s stock valued at $5,242,000 after purchasing an additional 43,731 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Westrock Coffee by 2.0% in the 3rd quarter. State Street Corp now owns 649,553 shares of the company’s stock valued at $4,222,000 after purchasing an additional 12,937 shares in the last quarter. 45.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Telsey Advisory Group lowered their price objective on Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, November 8th.

Westrock Coffee Stock Up 3.0 %

Shares of NASDAQ:WEST opened at $6.61 on Friday. Westrock Coffee has a 1-year low of $5.28 and a 1-year high of $11.21. The company’s fifty day moving average is $6.75 and its two-hundred day moving average is $7.37. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39. The stock has a market capitalization of $622.58 million, a price-to-earnings ratio of -7.69 and a beta of 0.57.

Insider Buying and Selling

In related news, Director Kenneth M. Parent bought 62,735 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average cost of $8.07 per share, with a total value of $506,271.45. Following the completion of the transaction, the director now directly owns 112,451 shares of the company’s stock, valued at approximately $907,479.57. This represents a 126.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.10% of the stock is owned by company insiders.

About Westrock Coffee

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.