Atria Investments LLC reduced its position in shares of WestRock Co (NYSE:WRK) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,745 shares of the basic materials company’s stock after selling 2,258 shares during the period. Atria Investments LLC’s holdings in WestRock were worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its holdings in WestRock by 24.1% in the 2nd quarter. Captrust Financial Advisors now owns 60,155 shares of the basic materials company’s stock valued at $3,430,000 after acquiring an additional 11,680 shares in the last quarter. Conning Inc. raised its holdings in WestRock by 14.0% in the 2nd quarter. Conning Inc. now owns 685,017 shares of the basic materials company’s stock valued at $39,060,000 after acquiring an additional 84,013 shares in the last quarter. Centaurus Financial Inc. acquired a new position in WestRock in the 2nd quarter valued at $976,000. Investec Asset Management LTD raised its holdings in WestRock by 4.6% in the 2nd quarter. Investec Asset Management LTD now owns 2,464,357 shares of the basic materials company’s stock valued at $140,518,000 after acquiring an additional 108,110 shares in the last quarter. Finally, Richard Bernstein Advisors LLC raised its holdings in WestRock by 30.8% in the 2nd quarter. Richard Bernstein Advisors LLC now owns 97,350 shares of the basic materials company’s stock valued at $5,551,000 after acquiring an additional 22,949 shares in the last quarter. 85.14% of the stock is owned by institutional investors and hedge funds.
WestRock stock opened at $42.61 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.56 and a debt-to-equity ratio of 0.52. WestRock Co has a 52 week low of $41.86 and a 52 week high of $71.55. The firm has a market cap of $13.63 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.18 and a beta of 1.32.
WestRock (NYSE:WRK) last posted its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. WestRock had a return on equity of 8.49% and a net margin of 11.31%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the previous year, the firm earned $0.74 EPS. WestRock’s revenue was up 12.0% on a year-over-year basis. As a group, research analysts forecast that WestRock Co will post 4.06 EPS for the current year.
Several equities analysts have weighed in on WRK shares. Wells Fargo & Co dropped their price objective on WestRock from $63.00 to $53.00 and set a “market perform” rating for the company in a report on Tuesday. Barclays dropped their price objective on WestRock from $64.00 to $62.00 and set an “equal weight” rating for the company in a report on Thursday, August 9th. ValuEngine raised WestRock from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Goldman Sachs Group cut WestRock from a “conviction-buy” rating to a “buy” rating and set a $64.00 price objective for the company. in a report on Wednesday. Finally, Stephens set a $63.00 price objective on WestRock and gave the company a “weight” rating in a report on Thursday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $67.73.
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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