QS Investors LLC cut its stake in shares of WestRock (NYSE:WRK) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,897 shares of the basic materials company’s stock after selling 3,360 shares during the quarter. QS Investors LLC’s holdings in WestRock were worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. grew its holdings in shares of WestRock by 672.6% during the 4th quarter. Assetmark Inc. now owns 1,661 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 1,446 shares during the last quarter. Invictus RG bought a new stake in shares of WestRock during the 3rd quarter valued at approximately $108,000. Tower Research Capital LLC TRC grew its holdings in shares of WestRock by 1,225.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,107 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 1,948 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of WestRock during the 3rd quarter valued at approximately $147,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of WestRock by 3,666.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,013 shares of the basic materials company’s stock valued at $190,000 after purchasing an additional 2,933 shares during the last quarter. 88.27% of the stock is currently owned by institutional investors.
In other news, CEO Steven C. Voorhees sold 49,267 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $65.00, for a total value of $3,202,355.00. Following the completion of the sale, the chief executive officer now owns 700,051 shares in the company, valued at approximately $45,503,315. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James B. Porter sold 14,930 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.00, for a total transaction of $1,045,100.00. Following the completion of the sale, the insider now owns 50,093 shares of the company’s stock, valued at approximately $3,506,510. The disclosure for this sale can be found here. Insiders have sold a total of 454,649 shares of company stock worth $29,964,777 in the last quarter. 2.68% of the stock is owned by corporate insiders.
Shares of NYSE WRK opened at $62.65 on Friday. The company has a market capitalization of $16,292.42, a PE ratio of 23.91, a PEG ratio of 1.25 and a beta of 1.37. WestRock has a 52-week low of $49.23 and a 52-week high of $71.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.74 and a current ratio of 1.28.
WestRock (NYSE:WRK) last issued its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.12. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.95 billion. WestRock had a net margin of 11.51% and a return on equity of 7.45%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. equities research analysts expect that WestRock will post 3.99 EPS for the current year.
Several equities research analysts recently issued reports on WRK shares. Deutsche Bank set a $78.00 price target on shares of WestRock and gave the company a “buy” rating in a report on Tuesday, January 30th. Royal Bank of Canada reiterated a “buy” rating and set a $85.00 target price on shares of WestRock in a research report on Tuesday, January 30th. Citigroup lifted their target price on shares of WestRock from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Bank of America lifted their target price on shares of WestRock from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Stephens set a $72.00 target price on shares of WestRock and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. WestRock has a consensus rating of “Buy” and a consensus target price of $74.00.
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WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.
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