Investors Research Corp Has $1.21 Million Stock Holdings in Westrock Co (NYSE:WRK)

Investors Research Corp decreased its holdings in Westrock Co (NYSE:WRK) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,104 shares of the basic materials company’s stock after selling 275 shares during the quarter. Westrock accounts for approximately 0.6% of Investors Research Corp’s holdings, making the stock its 22nd biggest holding. Investors Research Corp’s holdings in Westrock were worth $1,207,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. First Trust Advisors LP increased its position in shares of Westrock by 19.6% during the 1st quarter. First Trust Advisors LP now owns 660,358 shares of the basic materials company’s stock worth $25,325,000 after purchasing an additional 108,204 shares in the last quarter. Marshall Wace LLP increased its position in shares of Westrock by 37.4% during the 1st quarter. Marshall Wace LLP now owns 16,469 shares of the basic materials company’s stock worth $632,000 after purchasing an additional 4,487 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Westrock during the 1st quarter worth about $563,000. Amundi Pioneer Asset Management Inc. increased its position in shares of Westrock by 40.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 311,236 shares of the basic materials company’s stock worth $11,936,000 after purchasing an additional 90,397 shares in the last quarter. Finally, Signature Wealth Management Group acquired a new stake in shares of Westrock during the 2nd quarter worth about $3,374,000. Institutional investors own 82.28% of the company’s stock.

WRK traded up $0.84 during midday trading on Tuesday, hitting $37.96. The company had a trading volume of 45,756 shares, compared to its average volume of 2,279,152. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.87 and a current ratio of 1.45. The company has a market capitalization of $9.45 billion, a PE ratio of 9.28, a P/E/G ratio of 2.43 and a beta of 1.62. Westrock Co has a twelve month low of $31.94 and a twelve month high of $48.55. The firm’s 50-day simple moving average is $35.90 and its 200-day simple moving average is $36.10.

Westrock (NYSE:WRK) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.09. The firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.83 billion. Westrock had a net margin of 4.65% and a return on equity of 8.97%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 EPS. As a group, sell-side analysts anticipate that Westrock Co will post 3.93 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Westrock from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. ValuEngine cut shares of Westrock from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Zacks Investment Research cut shares of Westrock from a “hold” rating to a “sell” rating and set a $39.00 target price for the company. in a research report on Monday, October 14th. UBS Group set a $44.00 target price on shares of Westrock and gave the stock a “buy” rating in a research report on Monday, June 24th. Finally, KeyCorp reiterated a “sell” rating and set a $32.00 target price on shares of Westrock in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Westrock has a consensus rating of “Hold” and an average price target of $43.67.

In other Westrock news, Director John A. Luke, Jr. sold 103,015 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were 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 the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $38.68, for a total transaction of $796,924.04. Insiders sold a total of 185,427 shares of company stock valued at $7,060,236 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Westrock Profile

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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Institutional Ownership by Quarter for Westrock (NYSE:WRK)

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