Shares of WestRock Co. (NYSE:WRK) rose 1.9% 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 brokerages have commented on WRK. Deutsche Bank AG reaffirmed a “buy” rating and set a $46.00 price target on shares of WestRock in a research report on Wednesday, June 15th. Barclays PLC upped their price target on shares of 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 reaffirmed a “buy” rating and set a $52.00 price target on shares of WestRock in a research report on Friday, August 5th. Zacks Investment Research cut shares of WestRock from a “hold” rating to a “strong sell” rating in a research report on Monday, July 4th. Finally, Citigroup Inc. upped their price target on shares of WestRock from $43.30 to $46.00 and gave the company a “buy” rating in a research report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. WestRock presently has a consensus rating of “Buy” and a consensus price target of $55.29.

The stock’s market capitalization is $11.31 billion. The company’s 50 day moving average is $41.92 and its 200-day moving average is $38.82.

WestRock (NYSE:WRK) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The firm 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 posted $1.15 EPS. WestRock’s revenue was down 2.8% compared to the same quarter last year. Equities research analysts forecast that WestRock Co. will post $3.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Friday, August 12th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Wednesday, August 10th.

Several institutional investors have recently added to or reduced their stakes in WRK. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in 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 worth $1,581,000 after buying an additional 2,034 shares during the last quarter. Victory Capital Management Inc. boosted its position in WestRock by 853.5% in the fourth quarter. Victory Capital Management Inc. now owns 358,887 shares of the company’s stock worth $16,372,000 after buying an additional 321,247 shares during the last quarter. Advantus Capital Management Inc boosted its position in WestRock by 0.4% in the fourth quarter. Advantus Capital Management Inc now owns 24,532 shares of the company’s stock worth $1,119,000 after buying an additional 106 shares during the last quarter. Suntrust Banks Inc. boosted its position in WestRock by 23.1% in the fourth quarter. Suntrust Banks Inc. now owns 35,722 shares of the company’s stock worth $1,628,000 after buying an additional 6,710 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its position in WestRock by 109.9% in the fourth quarter. BlackRock Advisors LLC now owns 1,652,967 shares of the company’s stock worth $75,408,000 after buying an additional 865,613 shares during 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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