Traders Sell Shares of WestRock Co. (WRK) on Strength (WRK)
Traders sold shares of WestRock Co. (NYSE:WRK) on strength during trading hours on Friday. $29.39 million flowed into the stock on the tick-up and $36.89 million flowed out of the stock on the tick-down, for a money net flow of $7.50 million out of the stock. Of all equities tracked, WestRock had the 0th highest net out-flow for the day. WestRock traded up $2.30 for the day and closed at $42.51
Several research firms have issued reports on WRK. Barclays PLC upped their price objective on WestRock from $40.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, May 2nd. Jefferies Group reaffirmed a “buy” rating and set a $54.00 price objective on shares of WestRock in a report on Monday, May 2nd. BMO Capital Markets reaffirmed a “buy” rating on shares of WestRock in a report on Monday, May 2nd. Credit Suisse Group AG reaffirmed a “buy” rating and set a $52.00 price objective on shares of WestRock in a report on Tuesday, May 3rd. Finally, Zacks Investment Research raised WestRock from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $55.80.
The stock’s market capitalization is $10.62 billion. The stock has a 50-day moving average price of $39.23 and a 200-day moving average price of $38.09.
WestRock (NYSE:WRK) last issued its earnings results on Friday, April 29th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. The company earned $3.70 million during the quarter, compared to analyst estimates of $3.74 million. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts forecast that WestRock Co. will post $3.96 earnings per share for the current year.
A number of hedge funds recently modified their holdings of WRK. RidgeWorth Capital Management LLC raised its stake in shares of WestRock by 13.6% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,741,537 shares of the company’s stock worth $125,069,000 after buying an additional 328,293 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of WestRock by 204.9% in the fourth quarter. Pinnacle Associates Ltd. now owns 57,321 shares of the company’s stock worth $2,615,000 after buying an additional 38,521 shares in the last quarter. Gratus Capital LLC raised its stake in shares of WestRock by 11.5% in the fourth quarter. Gratus Capital LLC now owns 39,334 shares of the company’s stock worth $1,794,000 after buying an additional 4,046 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of WestRock by 0.6% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 382,319 shares of the company’s stock worth $17,495,000 after buying an additional 2,332 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC bought a new stake in shares of WestRock during the fourth quarter worth $2,146,000.
Westrock Company is a provider of packaging solutions and manufactures containerboard and paperboard. The Company’s operating segments include Corrugated Packaging, Consumer Packaging, Specialty Chemicals, and Land and Development. The Company operates in North America, South America, Europe and Asia.
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