Contravisory Investment Management Inc. lifted its position in shares of WestRock Co (NYSE:WRK) by 1,273.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,336 shares of the basic materials company’s stock after purchasing an additional 58,723 shares during the period. Contravisory Investment Management Inc.’s holdings in WestRock were worth $4,003,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware purchased a new stake in shares of WestRock during the 2nd quarter worth $100,000. Sun Life Financial INC raised 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 worth $104,000 after acquiring an additional 1,828 shares in the last quarter. Invictus RG acquired a new stake in WestRock during the 3rd quarter worth $108,000. Old Mutual Global Investors UK Ltd. acquired a new stake in WestRock during the 3rd quarter worth $130,000. Finally, Northwestern Mutual Wealth Management Co. raised 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 worth $144,000 after acquiring an additional 509 shares in the last quarter. 87.73% of the stock is owned by institutional investors and hedge funds.
WestRock Co (NYSE WRK) traded down $1.24 during midday trading on Thursday, reaching $68.03. 2,310,000 shares of the company’s stock were exchanged, compared to its average volume of 1,660,000. The company has a current ratio of 1.49, a quick ratio of 0.89 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $17,330.00 and a price-to-earnings ratio of 24.56. WestRock Co has a one year low of $49.23 and a one year high of $69.97.
WestRock (NYSE:WRK) last posted its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.13 billion. WestRock had a net margin of 4.77% and a return on equity of 6.73%. WestRock’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. research analysts anticipate that WestRock Co will post 3.79 EPS for the current year.
Several equities research analysts recently commented on the stock. Stephens set a $72.00 price target on shares of WestRock and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Royal Bank of Canada reiterated a “buy” rating and set a $65.00 price target on shares of WestRock in a research note on Monday, September 25th. KeyCorp reiterated a “hold” rating on shares of WestRock in a research note on Wednesday, October 11th. DA Davidson reiterated a “buy” rating and set a $74.00 price target on shares of WestRock in a research note on Friday, November 3rd. Finally, Deutsche Bank reiterated a “buy” rating and set a $65.00 price target (up from $61.00) on shares of WestRock in a research note on Monday, October 9th. Five 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’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $67.09.
In other WestRock news, insider Robert A. Feeser sold 29,972 shares of WestRock stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $60.00, for a total value of $1,798,320.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John A. Luke, Jr. sold 10,343 shares of WestRock stock in a transaction on Monday, December 11th. The shares were sold at an average price of $64.35, for a total transaction of $665,572.05. Following the completion of the transaction, the director now owns 497,557 shares in the company, valued at $32,017,792.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,102 shares of company stock worth $8,578,618. 2.68% of the stock is currently owned by company insiders.
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WestRock Company Profile
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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