WestRock Co. (NYSE:WRK) was down 2.3% during mid-day trading on Friday . The stock traded as low as $44.22 and last traded at $44.23, with a volume of 513,439 shares traded. The stock had previously closed at $45.27.

Several equities research analysts have issued reports on WRK shares. Zacks Investment Research downgraded WestRock from a “hold” rating to a “strong sell” rating in a research report on Monday, July 4th. Citigroup Inc. increased their price objective on WestRock from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Barclays PLC increased their price objective on WestRock from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday. Deutsche Bank AG reiterated a “buy” rating and issued a $46.00 price objective on shares of WestRock in a research report on Wednesday, June 15th. Finally, Dundee Securities downgraded WestRock from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. WestRock presently has a consensus rating of “Buy” and an average price target of $55.29.

The company’s market cap is $11.06 billion. The stock’s 50-day moving average price is $41.27 and its 200 day moving average price is $38.52.

WestRock (NYSE:WRK) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. The company earned $3.60 million during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the previous year, the firm earned $1.15 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts anticipate that WestRock Co. will post $3.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Stockholders of record on Friday, August 12th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Wednesday, August 10th.

Other hedge funds have made changes to their positions in the company. BlackRock Advisors LLC boosted its stake in shares of WestRock by 109.9% in the fourth quarter. BlackRock Advisors LLC now owns 1,652,967 shares of the company’s stock valued at $75,408,000 after buying an additional 865,613 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of WestRock by 853.5% in the fourth quarter. Victory Capital Management Inc. now owns 358,887 shares of the company’s stock valued at $16,372,000 after buying an additional 321,247 shares in the last quarter. Employees Retirement System of Texas boosted its stake in shares of WestRock by 12.2% in the fourth quarter. Employees Retirement System of Texas now owns 274,900 shares of the company’s stock valued at $12,541,000 after buying an additional 30,000 shares in the last quarter. US Bancorp DE boosted its stake in shares of WestRock by 45.1% in the fourth quarter. US Bancorp DE now owns 115,673 shares of the company’s stock valued at $5,276,000 after buying an additional 35,948 shares in the last quarter. Finally, American International Group Inc. boosted its stake in shares of WestRock by 0.4% in the fourth quarter. American International Group Inc. now owns 100,831 shares of the company’s stock valued at $4,600,000 after buying an additional 401 shares in the last quarter.

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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