UBS Group AG lowered its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG – Free Report) by 74.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 44,899 shares of the company’s stock after selling 133,002 shares during the period. UBS Group AG’s holdings in West Fraser Timber were worth $2,744,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. lifted its holdings in shares of West Fraser Timber by 75.8% in the third quarter. Physician Wealth Advisors Inc. now owns 552 shares of the company’s stock valued at $38,000 after purchasing an additional 238 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of West Fraser Timber by 212.0% in the third quarter. Jones Financial Companies Lllp now owns 780 shares of the company’s stock valued at $52,000 after purchasing an additional 530 shares in the last quarter. Jain Global LLC purchased a new stake in shares of West Fraser Timber in the third quarter valued at about $224,000. Park Avenue Securities LLC purchased a new stake in shares of West Fraser Timber in the fourth quarter valued at about $229,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of West Fraser Timber by 5.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,874 shares of the company’s stock valued at $263,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 40.23% of the company’s stock.
West Fraser Timber Stock Performance
Shares of WFG opened at $62.25 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 1.84. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of -4.14 and a beta of 0.97. The company’s 50 day simple moving average is $63.51 and its 200 day simple moving average is $64.35. West Fraser Timber Co. Ltd. has a 1 year low of $57.34 and a 1 year high of $78.55.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of West Fraser Timber from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Raymond James Financial downgraded shares of West Fraser Timber from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $85.00 to $75.00 in a report on Thursday, April 23rd. Fraser Mackenzie reduced their price target on shares of West Fraser Timber from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of West Fraser Timber in a report on Monday, April 20th. Finally, TD Securities reaffirmed a “buy” rating and issued a $86.00 price target on shares of West Fraser Timber in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, West Fraser Timber has a consensus rating of “Hold” and an average target price of $82.60.
Check Out Our Latest Report on WFG
West Fraser Timber Profile
West Fraser Timber Co Ltd. (NYSE: WFG) is a leading North American diversified wood products company headquartered in Vancouver, British Columbia. The company operates a broad portfolio of manufacturing facilities that produce lumber, engineered wood products such as laminated veneer lumber (LVL), oriented strand board (OSB) and plywood, as well as medium density fibreboard (MDF), particleboard, pulp and paper. West Fraser’s integrated production model spans harvesting, milling and finishing, allowing it to serve a wide range of residential, commercial and industrial construction markets.
Founded in 1955 as West Fraser Mills, the company has grown through both organic investment and strategic acquisitions to become one of the largest lumber producers in the world.
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