Boston Private Wealth LLC trimmed its position in shares of Westrock Co (NYSE:WRK) by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,310 shares of the basic materials company’s stock after selling 1,595 shares during the quarter. Boston Private Wealth LLC’s holdings in Westrock were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WRK. Kistler Tiffany Companies LLC purchased a new position in Westrock during the third quarter worth $25,000. Rockefeller Capital Management L.P. boosted its stake in shares of Westrock by 47.6% during the second quarter. Rockefeller Capital Management L.P. now owns 1,042 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 336 shares during the period. Signaturefd LLC boosted its stake in shares of Westrock by 154.1% during the second quarter. Signaturefd LLC now owns 1,080 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 655 shares during the period. Phocas Financial Corp. purchased a new stake in shares of Westrock during the second quarter valued at $40,000. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Westrock during the second quarter valued at $48,000. 82.37% of the stock is owned by institutional investors.
Shares of WRK opened at $39.75 on Friday. The firm has a market capitalization of $9.96 billion, a P/E ratio of 9.72, a P/E/G ratio of 2.62 and a beta of 1.61. Westrock Co has a 12-month low of $31.94 and a 12-month high of $48.55. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average price of $36.66 and a 200-day moving average price of $36.10.
Westrock (NYSE:WRK) last issued its earnings results on Thursday, November 7th. The basic materials company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.05. The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.84 billion. Westrock had a net margin of 4.65% and a return on equity of 8.97%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 earnings per share. Analysts predict that Westrock Co will post 3.93 earnings per share for the current year.
WRK has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Westrock from a “hold” rating to a “sell” rating and set a $39.00 target price for the company. in a research note on Monday, October 14th. Citigroup lowered their target price on shares of Westrock from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. ValuEngine lowered shares of Westrock from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Finally, KeyCorp reissued a “sell” rating and set a $34.00 target price on shares of Westrock in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Westrock currently has a consensus rating of “Hold” and an average target price of $41.86.
In related news, Director John A. Luke, Jr. sold 103,015 shares of Westrock stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $38.00, for a total value of $3,914,570.00. Also, Director John A. Luke, Jr. sold 20,603 shares of Westrock stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $38.68, for a total value of $796,924.04. Insiders own 2.00% 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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