Canal Capital Management LLC increased its position in shares of WestRock Co (NYSE:WRK) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,068 shares of the basic materials company’s stock after acquiring an additional 1,181 shares during the period. WestRock comprises approximately 3.4% of Canal Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Canal Capital Management LLC’s holdings in WestRock were worth $5,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in WRK. Barrow Hanley Mewhinney & Strauss LLC bought a new position in WestRock during the first quarter valued at about $121,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of WestRock in the first quarter valued at about $160,000. Piedmont Investment Advisors LLC acquired a new stake in shares of WestRock in the second quarter valued at about $171,000. Cerebellum GP LLC acquired a new stake in shares of WestRock in the third quarter valued at about $182,000. Finally, Exane Asset Management acquired a new stake in shares of WestRock in the second quarter valued at about $201,000. Institutional investors and hedge funds own 85.14% of the company’s stock.

WRK stock traded down $0.09 during trading on Wednesday, reaching $43.11. 79,240 shares of the stock were exchanged, compared to its average volume of 1,760,686. WestRock Co has a twelve month low of $41.86 and a twelve month high of $71.55. The company has a market cap of $13.63 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.18 and a beta of 1.32. The company has a quick ratio of 0.95, a current ratio of 1.56 and a debt-to-equity ratio of 0.52.

WestRock (NYSE:WRK) last released its earnings results on Thursday, August 2nd. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. WestRock had a return on equity of 8.49% and a net margin of 11.31%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts anticipate that WestRock Co will post 4.06 EPS for the current year.

WRK has been the topic of several research analyst reports. Wells Fargo & Co lowered their price target on WestRock from $63.00 to $53.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 9th. Barclays lowered their price target on WestRock from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 9th. ValuEngine raised WestRock from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Goldman Sachs Group downgraded WestRock from a “conviction-buy” rating to a “buy” rating and set a $64.00 price target on the stock. in a research report on Wednesday, October 10th. Finally, Stephens set a $63.00 target price on WestRock and gave the stock a “weight” rating in a research report on Thursday, July 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $67.73.

WestRock Company Profile

WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.

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Institutional Ownership by Quarter for WestRock (NYSE:WRK)

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