Janney Montgomery Scott LLC lifted its stake in WestRock Co (NYSE:WRK) by 15.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,414 shares of the basic materials company’s stock after purchasing an additional 2,590 shares during the period. Janney Montgomery Scott LLC’s holdings in WestRock were worth $1,101,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware bought a new position in shares of WestRock in the 2nd quarter worth about $100,000. Sun Life Financial INC increased its stake in WestRock by 26,114.3% during the 2nd quarter. Sun Life Financial INC now owns 1,835 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 1,828 shares in the last quarter. Invictus RG bought a new stake in WestRock during the 3rd quarter valued at about $108,000. Old Mutual Global Investors UK Ltd. bought a new stake in WestRock during the 3rd quarter valued at about $130,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in WestRock by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,548 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 509 shares in the last quarter. 87.70% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. Stephens set a $72.00 price objective on shares of WestRock and gave the company a “hold” rating in a research note on Wednesday. Deutsche Bank set a $70.00 price target on shares of WestRock and gave the stock a “buy” rating in a research note on Thursday, December 14th. BMO Capital Markets lifted their price target on shares of WestRock to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Barclays reiterated a “hold” rating on shares of WestRock in a research note on Friday, November 10th. Finally, Zacks Investment Research downgraded shares of WestRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $67.09.
In other news, Director John A. Luke, Jr. sold 10,343 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $60.74, for a total transaction of $628,233.82. Following the completion of the sale, the director now directly owns 497,557 shares of the company’s stock, valued at $30,221,612.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Graham-Johnson sold 7,700 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $59.23, for a total transaction of $456,071.00. The disclosure for this sale can be found here. Insiders sold 151,445 shares of company stock worth $9,187,097 in the last 90 days. 2.68% of the stock is currently owned by company insiders.
WestRock Co (WRK) traded up $0.94 during mid-day trading on Friday, hitting $69.20. 1,580,890 shares of the stock traded hands, compared to its average volume of 1,690,000. WestRock Co has a 1 year low of $49.23 and a 1 year high of $69.29. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 0.89. The stock has a market capitalization of $17,630.00 and a P/E ratio of 24.98.
WestRock (NYSE:WRK) last released its earnings results on Thursday, November 2nd. The basic materials company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. WestRock had a net margin of 4.77% and a return on equity of 6.73%. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. equities analysts expect that WestRock Co will post 3.79 EPS for the current fiscal year.
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WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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