Quantbot Technologies LP raised its stake in Westrock Company (NYSE:WRK) by 21.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,570 shares of the basic materials company’s stock after buying an additional 4,311 shares during the quarter. Quantbot Technologies LP’s holdings in Westrock were worth $1,392,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Westrock by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,211,606 shares of the basic materials company’s stock valued at $1,485,150,000 after buying an additional 484,771 shares in the last quarter. BlackRock Inc. grew its holdings in Westrock by 0.8% in the 2nd quarter. BlackRock Inc. now owns 22,598,192 shares of the basic materials company’s stock valued at $1,280,411,000 after buying an additional 180,112 shares in the last quarter. FMR LLC grew its holdings in Westrock by 4.1% in the 1st quarter. FMR LLC now owns 19,597,012 shares of the basic materials company’s stock valued at $1,019,633,000 after buying an additional 772,990 shares in the last quarter. Boston Partners grew its holdings in Westrock by 0.5% in the 2nd quarter. Boston Partners now owns 9,097,512 shares of the basic materials company’s stock valued at $515,465,000 after buying an additional 48,092 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Westrock by 10.3% in the 2nd quarter. American Century Companies Inc. now owns 3,265,213 shares of the basic materials company’s stock valued at $185,007,000 after buying an additional 304,605 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.

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In other news, EVP Jennifer Graham-Johnson sold 3,806 shares of Westrock stock in a transaction on Monday, September 11th. The stock was sold at an average price of $57.08, for a total value of $217,246.48. Following the completion of the sale, the executive vice president now owns 41,588 shares of the company’s stock, valued at $2,373,843.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey Wayne Chalovich sold 18,368 shares of Westrock stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $58.41, for a total value of $1,072,874.88. Following the completion of the sale, the insider now directly owns 24,859 shares of the company’s stock, valued at approximately $1,452,014.19. The disclosure for this sale can be found here. In the last ninety days, insiders sold 422,693 shares of company stock valued at $23,727,055. Company insiders own 2.68% of the company’s stock.

Several analysts have issued reports on WRK shares. Jefferies Group LLC restated a “buy” rating and issued a $68.00 target price on shares of Westrock in a report on Friday, July 14th. Zacks Investment Research upgraded Westrock from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Friday, July 14th. BMO Capital Markets reiterated a “buy” rating and set a $62.00 price target on shares of Westrock in a report on Thursday, June 15th. Royal Bank Of Canada reiterated a “buy” rating and set a $65.00 price target on shares of Westrock in a report on Monday. Finally, Goldman Sachs Group, Inc. (The) upgraded Westrock from a “buy” rating to a “conviction-buy” rating in a report on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $63.78.

Westrock (NYSE:WRK) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.10. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.66 billion. Westrock had a return on equity of 6.38% and a net margin of 2.92%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share.

Westrock Profile

WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.

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Institutional Ownership by Quarter for Westrock (NYSE:WRK)

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