Barrow Hanley Mewhinney & Strauss LLC acquired a new position in WestRock Co (NYSE:WRK) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,886 shares of the basic materials company’s stock, valued at approximately $121,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WRK. Millennium Management LLC boosted its stake in shares of WestRock by 10,291.3% in the 1st quarter. Millennium Management LLC now owns 842,946 shares of the basic materials company’s stock valued at $54,092,000 after purchasing an additional 834,834 shares in the last quarter. CI Investments Inc. raised its holdings in WestRock by 1,825.3% in the 1st quarter. CI Investments Inc. now owns 654,600 shares of the basic materials company’s stock valued at $42,006,000 after buying an additional 620,600 shares during the last quarter. Two Sigma Investments LP raised its holdings in WestRock by 280.4% during the 4th quarter. Two Sigma Investments LP now owns 806,081 shares of the basic materials company’s stock worth $50,952,000 after purchasing an additional 594,196 shares during the last quarter. W. E. Donoghue & Co. LLC bought a new position in WestRock during the 4th quarter worth approximately $17,229,000. Finally, Investec Asset Management LTD grew its position in shares of WestRock by 12.6% during the 4th quarter. Investec Asset Management LTD now owns 2,323,081 shares of the basic materials company’s stock worth $146,842,000 after buying an additional 259,148 shares during the period. 86.01% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the stock. KeyCorp reissued a “hold” rating on shares of WestRock in a research report on Friday, April 27th. Zacks Investment Research upgraded WestRock from a “hold” rating to a “strong-buy” rating and set a $74.00 price objective on the stock in a research note on Saturday, April 7th. ValuEngine cut WestRock from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, Citigroup decreased their price target on WestRock from $83.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 5th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. WestRock currently has an average rating of “Buy” and an average price target of $75.90.
Shares of WestRock opened at $57.02 on Friday, MarketBeat reports. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 1.07 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.80 and a current ratio of 1.37. WestRock Co has a 52-week low of $54.05 and a 52-week high of $71.55.
WestRock (NYSE:WRK) last posted its quarterly earnings data on Friday, April 27th. The basic materials company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.10 billion. WestRock had a return on equity of 7.84% and a net margin of 12.01%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. equities analysts anticipate that WestRock Co will post 4.04 EPS for the current year.
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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