Signaturefd LLC Purchases 4,351 Shares of WestRock (NYSE:WRK)

Signaturefd LLC boosted its holdings in shares of WestRock (NYSE:WRK) by 153.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,186 shares of the basic materials company’s stock after acquiring an additional 4,351 shares during the quarter. Signaturefd LLC’s holdings in WestRock were worth $298,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WRK. CWM LLC lifted its holdings in WestRock by 17.4% during the third quarter. CWM LLC now owns 2,936 shares of the basic materials company’s stock worth $105,000 after buying an additional 436 shares during the period. AE Wealth Management LLC lifted its stake in shares of WestRock by 77.2% during the 3rd quarter. AE Wealth Management LLC now owns 16,761 shares of the basic materials company’s stock worth $600,000 after purchasing an additional 7,300 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in WestRock by 28.0% during the third quarter. Exchange Traded Concepts LLC now owns 2,114 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 463 shares in the last quarter. Czech National Bank grew its stake in WestRock by 47.7% in the third quarter. Czech National Bank now owns 44,792 shares of the basic materials company’s stock valued at $1,604,000 after purchasing an additional 14,472 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in WestRock by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 99,815 shares of the basic materials company’s stock worth $3,573,000 after purchasing an additional 350 shares in the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Vicki L. Lostetter sold 3,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $42.77, for a total value of $149,695.00. Following the sale, the insider now directly owns 92,117 shares of the company’s stock, valued at approximately $3,939,844.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by insiders.

WestRock Stock Up 0.9 %

Shares of WRK opened at $47.25 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.55 and a quick ratio of 0.95. The company’s fifty day moving average price is $47.11 and its 200-day moving average price is $42.23. WestRock has a 1-year low of $26.85 and a 1-year high of $49.67.

WestRock (NYSE:WRK) last announced its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.15). The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.79 billion. WestRock had a positive return on equity of 6.87% and a negative net margin of 8.58%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. Sell-side analysts anticipate that WestRock will post 1.93 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com started coverage on shares of WestRock in a report on Wednesday. They issued a “hold” rating on the stock. Seaport Res Ptn downgraded WestRock from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $42.00 price objective on shares of WestRock in a research report on Friday, February 2nd. Truist Financial upped their target price on WestRock from $40.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $45.00 price target (up previously from $42.00) on shares of WestRock in a report on Thursday, January 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.00.

WestRock Profile

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers.