Point72 Asia Hong Kong Ltd lifted its position in shares of WestRock Co (NYSE:WRK) by 1,669.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,062 shares of the basic materials company’s stock after purchasing an additional 4,776 shares during the quarter. Point72 Asia Hong Kong Ltd’s holdings in WestRock were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have 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 worth $105,000 after purchasing an additional 1,446 shares in the last quarter. 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 worth $133,000 after purchasing an additional 1,948 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of WestRock during the 1st quarter worth approximately $145,000. Synovus Financial Corp acquired a new stake in shares of WestRock during the 1st quarter worth approximately $147,000. Finally, Focused Wealth Management Inc acquired a new stake in shares of WestRock during the 1st quarter worth approximately $176,000. 86.88% of the stock is currently owned by institutional investors.
Shares of WRK stock opened at $60.50 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $15.76 billion, a P/E ratio of 23.09, a P/E/G ratio of 1.15 and a beta of 1.39. WestRock Co has a one year low of $54.05 and a one year high of $71.55.
WestRock (NYSE:WRK) last announced its quarterly earnings results on Friday, April 27th. The basic materials company reported $0.83 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.10 billion. WestRock had a return on equity of 7.84% and a net margin of 12.01%. WestRock’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. research analysts expect that WestRock Co will post 4.04 earnings per share for the current fiscal year.
Several analysts have recently weighed in on WRK shares. Citigroup decreased their price objective on WestRock from $83.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 5th. ValuEngine lowered WestRock from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research lowered WestRock from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, KeyCorp reissued a “hold” rating on shares of WestRock in a report on Friday, April 27th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. WestRock presently has an average rating of “Buy” and an average price target of $75.90.
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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