Chapter IV Investors LLC Acquires 75000 Shares of Westrock Company (NYSE:WRK)

Cornelia Mascio
Settembre 25, 2017

Westrock Company (NYSE:WRK)'s stock had its "buy" rating restated by Royal Bank Of Canada in a research report issued on Monday.

WRK has been the topic of several recent research reports. BidaskClub lowered shares of Westrock from a "buy" rating to a "hold" rating in a research report on Monday, July 24th.

On August 7 Barclays made no change to the stock rating of "Equal-Weight" but raised the price target from $54.00 to $58.00. The firm has "Buy" rating by BMO Capital Markets given on Thursday, June 15. As per Thursday, June 29, the company rating was maintained by KeyBanc Capital Markets. Finally, Zacks Investment Research cut Westrock from a "buy" rating to a "hold" rating in a report on Thursday, July 13th. On Monday, November 30 the stock rating was initiated by Cantor Fitzgerald with "Buy".

Alliancebernstein L.P. decreased its holdings in shares of Westrock Company (NYSE:WRK) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).

Shares of Westrock (NYSE:WRK) opened at 55.67 on Friday. The company has a market cap of $11.11 billion and a price-to-earnings ratio of 19.27. Westrock has a 52 week low of $43.79 and a 52 week high of $59.02. The stock has a 50 day moving average of $57.59 and a 200-day moving average of $57.59.

Westrock (NYSE:WRK) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.07. Stora Enso OYJ had a net margin of 5.66% and a return on equity of 10.16%. Next quarter's EPS is estimated at $0.76 with next year's EPS projected to be $3.66. During the same period past year, the firm posted $0.71 earnings per share. The business's quarterly revenue was up 4.7% on a year-over-year basis. About 2.34M shares traded or 72.06% up from the average. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of US and worldwide copyright laws. The original version of this piece can be read at EVP - Human Resources Jennifer Graham-johnson sold 3,806 shares at an average price of $57.08 on September 11th. The stock was sold at an average price of $58.41, for a total value of $1,072,874.88. Following the completion of the sale, the insider now directly owns 24,859 shares in the company, valued at $1,452,014.19. The stock now has an average rating of "Buy" and a consensus price target of $60.40.

Director John A. Jr Luke disclosed the sale of 10,343 shares. Insiders have sold a total of 422,693 shares of company stock valued at $23,727,055 over the last ninety days. Luke now owns $28,219,978 of the stock per the Form 4 SEC filing. As of quarter end Squarepoint Ops LLC had bought a total of 91,358 shares growing its position 152.6%. Vanguard Group Inc. now owns 25,726,835 shares of the basic materials company's stock worth $1,338,567,000 after purchasing an additional 1,105,605 shares during the period. Finally, Janus Capital Management LLC raised its position in shares of Westrock by 149.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 286,190 shares of the basic materials company's stock valued at $14,890,000 after buying an additional 188,685 shares during the last quarter. The value of the company's investment in Westrock Company increased from $3,115,000 to $8,569,000 a change of 175.1% for the reporting period. During the same quarter in the previous year, the business posted $0.71 EPS. Prudential Financial Inc. now owns 1,998,206 shares of the basic materials company's stock valued at $113,218,000 after buying an additional 1,530,797 shares in the last quarter.

WestRock Company, incorporated on March 6, 2015, is a multinational well-known provider of paper and packaging solutions for consumer and corrugated packaging markets. The Firm also develops real estate in the Charleston, South Carolina region.

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