Quantbot Technologies LP Sells 16,839 Shares of West Fraser Timber Co. Ltd. (NYSE:WFG)

Quantbot Technologies LP cut its stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 82.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,648 shares of the company's stock after selling 16,839 shares during the quarter. Quantbot Technologies LP's holdings in West Fraser Timber were worth $355,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WFG. FMR LLC raised its holdings in West Fraser Timber by 22.5% in the third quarter. FMR LLC now owns 1,447,823 shares of the company's stock worth $141,047,000 after purchasing an additional 266,298 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in West Fraser Timber by 43.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 143,712 shares of the company's stock valued at $14,008,000 after acquiring an additional 43,549 shares during the period. Cerity Partners LLC lifted its position in West Fraser Timber by 128.0% during the 3rd quarter. Cerity Partners LLC now owns 247,400 shares of the company's stock valued at $24,087,000 after acquiring an additional 138,871 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in West Fraser Timber by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 305,316 shares of the company's stock worth $29,777,000 after acquiring an additional 4,945 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in West Fraser Timber by 3.5% in the third quarter. Moors & Cabot Inc. now owns 4,420 shares of the company's stock worth $430,000 after purchasing an additional 150 shares during the period. Institutional investors own 40.23% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on WFG shares. Scotiabank boosted their price target on West Fraser Timber from $100.00 to $120.00 and gave the stock a "sector outperform" rating in a research report on Friday, October 25th. BMO Capital Markets boosted their target price on West Fraser Timber from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $111.60.

West Fraser Timber Trading Down 0.2 %

NYSE:WFG traded down $0.20 on Wednesday, reaching $94.81. 60,015 shares of the stock traded hands, compared to its average volume of 157,315. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of -74.07 and a beta of 1.19. West Fraser Timber Co. Ltd. has a 12 month low of $72.56 and a 12 month high of $102.40. The company's fifty day simple moving average is $95.68 and its 200 day simple moving average is $87.46.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported ($1.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.87). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. West Fraser Timber had a negative net margin of 1.53% and a positive return on equity of 0.53%. During the same quarter in the prior year, the business posted $1.81 earnings per share. Equities analysts anticipate that West Fraser Timber Co. Ltd. will post 0.95 EPS for the current fiscal year.

West Fraser Timber Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.237 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.95 dividend on an annualized basis and a yield of 1.00%. West Fraser Timber's dividend payout ratio is currently -74.22%.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.