WestRock Co. (NYSE:WRK) shares shot up 1.9% during trading on Tuesday . The company traded as high as $45.54 and last traded at $44.83, with a volume of 545,426 shares changing hands. The stock had previously closed at $44.00.

A number of analysts have recently weighed in on the company. Barclays PLC upped their target price on WestRock from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 11th. BMO Capital Markets reiterated a “buy” rating and set a $52.00 target price on shares of WestRock in a research report on Friday, August 5th. Bank of America Corp. reiterated a “hold” rating and set a $45.00 target price on shares of WestRock in a research report on Friday, August 5th. Jefferies Group upped their target price on WestRock from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Finally, Credit Suisse Group AG set a $50.00 target price on WestRock and gave the company a “buy” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.29.

The stock’s market capitalization is $11.16 billion. The stock has a 50-day moving average price of $41.42 and a 200 day moving average price of $38.70.

WestRock (NYSE:WRK) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ 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 last year, the firm posted $1.15 earnings per share. WestRock’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts forecast that WestRock Co. will post $3.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Stockholders of record on Friday, August 12th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, August 10th.

Several institutional investors recently made changes to their positions in the stock. Advantus Capital Management Inc boosted its position in shares of WestRock by 0.4% in the fourth quarter. Advantus Capital Management Inc now owns 24,532 shares of the company’s stock valued at $1,119,000 after buying an additional 106 shares during the period. American International Group Inc. boosted its position 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 during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of WestRock by 6.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 34,650 shares of the company’s stock valued at $1,581,000 after buying an additional 2,034 shares during the period. Suntrust Banks Inc. boosted its position in shares of WestRock by 23.1% in the fourth quarter. Suntrust Banks Inc. now owns 35,722 shares of the company’s stock valued at $1,628,000 after buying an additional 6,710 shares during the period. Finally, I.G. Investment Management LTD. boosted its position in shares of WestRock by 29.3% in the fourth quarter. I.G. Investment Management LTD. now owns 36,688 shares of the company’s stock valued at $1,674,000 after buying an additional 8,311 shares during the period.

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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