Dimensional Fund Advisors LP Sells 24,321 Shares of WestRock Co. (WRK)
Dimensional Fund Advisors LP reduced its stake in shares of WestRock Co. (NYSE:WRK) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,393,984 shares of the company’s stock after selling 24,321 shares during the period. Dimensional Fund Advisors LP owned approximately 0.93% of WestRock worth $93,045,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Botty Investors LLC bought a new stake in shares of WestRock during the second quarter valued at $137,000. Societe Generale acquired a new stake in WestRock during the second quarter valued at approximately $201,000. Advisor Partners LLC acquired a new stake in WestRock during the first quarter valued at approximately $203,000. IFP Advisors Inc boosted its stake in WestRock by 6.2% in the first quarter. IFP Advisors Inc now owns 5,660 shares of the company’s stock valued at $221,000 after buying an additional 328 shares in the last quarter. Finally, Rehmann Capital Advisory Group acquired a new stake in WestRock during the second quarter valued at approximately $227,000. 90.32% of the stock is owned by institutional investors.
WestRock Co. (NYSE:WRK) traded down 0.27% on Thursday, hitting $48.16. The stock had a trading volume of 1,029,471 shares. The company’s market cap is $11.98 billion. The stock has a 50 day moving average price of $46.20 and a 200 day moving average price of $41.21. WestRock Co. has a 1-year low of $29.73 and a 1-year high of $57.85.
WestRock (NYSE:WRK) last announced its earnings results on Thursday, August 4th. The company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.05. WestRock had a positive return on equity of 6.71% and a negative net margin of 1.27%. The company had revenue of $3.60 million for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period last year, the firm earned $1.15 EPS. WestRock’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts expect that WestRock Co. will post $3.96 EPS for the current fiscal year.
Several research firms recently commented on WRK. Goldman Sachs Group Inc. began coverage on WestRock in a research note on Thursday. They set a “neutral” rating and a $53.00 target price for the company. Barclays PLC raised their target price on WestRock from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 11th. Credit Suisse Group AG set a $50.00 target price on WestRock and gave the stock a “buy” rating in a research note on Friday, August 5th. Deutsche Bank AG set a $50.00 target price on WestRock and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Citigroup Inc. raised their target price on WestRock from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. WestRock has an average rating of “Hold” and a consensus target price of $52.84.
In related news, Director John A. Luke, Jr. sold 188,103 shares of the firm’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $46.62, for a total value of $8,769,361.86. Following the transaction, the director now directly owns 837,343 shares of the company’s stock, valued at approximately $39,036,930.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.41% of the stock is owned by corporate insiders.
WestRock Company Profile
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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