Baird Financial Group Inc. Has $3,517,000 Position in Westlake Chemical Corporation (WLK)

Baird Financial Group Inc. increased its position in shares of Westlake Chemical Corporation (NYSE:WLK) by 6.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,816 shares of the company’s stock after buying an additional 3,958 shares during the period. Baird Financial Group Inc.’s holdings in Westlake Chemical Corporation were worth $3,517,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BancorpSouth Inc boosted its position in Westlake Chemical Corporation by 1.1% in the third quarter. BancorpSouth Inc now owns 5,695 shares of the company’s stock worth $305,000 after buying an additional 60 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its position in Westlake Chemical Corporation by 1.0% in the third quarter. Paradigm Capital Management Inc. NY now owns 19,800 shares of the company’s stock worth $1,059,000 after buying an additional 200 shares in the last quarter. Pacer Advisors Inc. boosted its position in Westlake Chemical Corporation by 7.5% in the third quarter. Pacer Advisors Inc. now owns 4,912 shares of the company’s stock worth $263,000 after buying an additional 344 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Westlake Chemical Corporation by 0.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 52,369 shares of the company’s stock worth $2,932,000 after buying an additional 460 shares in the last quarter. Finally, ARGI Investment Services LLC boosted its position in Westlake Chemical Corporation by 2.5% in the third quarter. ARGI Investment Services LLC now owns 19,019 shares of the company’s stock worth $1,018,000 after buying an additional 464 shares in the last quarter. 28.74% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Westlake Chemical Corporation (NYSE:WLK)

Shares of Westlake Chemical Corporation (NYSE:WLK) traded down 1.39% during mid-day trading on Friday, hitting $61.78. The stock had a trading volume of 478,646 shares. Westlake Chemical Corporation has a one year low of $39.48 and a one year high of $65.02. The stock has a market cap of $7.96 billion, a P/E ratio of 19.77 and a beta of 1.69. The firm has a 50 day moving average of $61.28 and a 200-day moving average of $54.72.

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A number of research analysts recently commented on WLK shares. J P Morgan Chase & Co set a $60.00 price target on Westlake Chemical Corporation and gave the stock a “buy” rating in a report on Friday, November 11th. Vertical Research raised Westlake Chemical Corporation from a “hold” rating to a “buy” rating in a report on Monday, November 21st. Vertical Group raised Westlake Chemical Corporation from a “hold” rating to a “buy” rating in a report on Monday, November 21st. Zacks Investment Research raised Westlake Chemical Corporation from a “hold” rating to a “strong-buy” rating and set a $63.00 price target on the stock in a report on Wednesday, November 30th. Finally, RBC Capital Markets reissued a “buy” rating and issued a $68.00 price target on shares of Westlake Chemical Corporation in a report on Wednesday, January 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $59.73.

Westlake Chemical Corporation Company Profile

Westlake Chemical Corporation is a vertically integrated global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. The Company’s products include a range of chemicals, which are fundamental to various diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction, as well as other durable and non-durable goods.

5 Day Chart for NYSE:WLK

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