Camelot Portfolios LLC acquired a new position in Westrock Co (NYSE:WRK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,332 shares of the basic materials company’s stock, valued at approximately $229,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Westrock in the 3rd quarter worth about $402,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Westrock by 1.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 87,514 shares of the basic materials company’s stock worth $3,190,000 after purchasing an additional 1,485 shares in the last quarter. National Pension Service boosted its holdings in shares of Westrock by 5.3% in the 3rd quarter. National Pension Service now owns 374,408 shares of the basic materials company’s stock worth $13,647,000 after purchasing an additional 18,926 shares in the last quarter. State Street Corp boosted its holdings in shares of Westrock by 0.8% in the 3rd quarter. State Street Corp now owns 12,128,835 shares of the basic materials company’s stock worth $442,096,000 after purchasing an additional 98,965 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Westrock by 5.6% in the 3rd quarter. Stifel Financial Corp now owns 150,638 shares of the basic materials company’s stock worth $5,484,000 after purchasing an additional 7,993 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.
A number of research firms have recently weighed in on WRK. Citigroup raised Westrock from a “neutral” rating to a “buy” rating and boosted their target price for the company from $38.00 to $48.00 in a research note on Monday, January 6th. KeyCorp reissued a “sell” rating and issued a $34.00 target price on shares of Westrock in a research note on Thursday, November 7th. Bank of America raised Westrock from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, November 18th. Wells Fargo & Co raised Westrock from an “equal weight” rating to an “overweight” rating and set a $52.00 target price for the company in a research note on Thursday, January 2nd. Finally, BNP Paribas began coverage on Westrock in a research note on Monday, December 2nd. They issued an “outperform” rating and a $48.00 target price for the company. Three analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.78.
NYSE WRK opened at $43.44 on Friday. Westrock Co has a 1-year low of $31.94 and a 1-year high of $44.39. The company has a current ratio of 1.45, a quick ratio of 0.83 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average of $41.80 and a 200-day moving average of $37.82. The firm has a market cap of $11.00 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64.
Westrock (NYSE:WRK) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.05. The business had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.84 billion. Westrock had a return on equity of 8.81% and a net margin of 4.72%. Westrock’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 EPS. As a group, equities research analysts forecast that Westrock Co will post 3.29 earnings per share for the current fiscal year.
In other Westrock news, Director John A. Luke, Jr. sold 188,659 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $40.67, for a total transaction of $7,672,761.53. Following the completion of the transaction, the director now owns 689,418 shares of the company’s stock, valued at approximately $28,038,630.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James B. Porter sold 25,753 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $40.04, for a total value of $1,031,150.12. Following the transaction, the insider now directly owns 47,119 shares of the company’s stock, valued at approximately $1,886,644.76. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 300 shares of company stock valued at $12,467 and have sold 255,618 shares valued at $10,378,523. Corporate insiders own 1.92% of the company’s stock.
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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