Zurcher Kantonalbank Zurich Cantonalbank Sells 38,762 Shares of WestRock (NYSE:WRK)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in WestRock (NYSE:WRK - Free Report) by 50.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,413 shares of the basic materials company's stock after selling 38,762 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in WestRock were worth $1,595,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. NBC Securities Inc. bought a new stake in shares of WestRock in the 3rd quarter worth about $27,000. International Assets Investment Management LLC grew its holdings in shares of WestRock by 268.7% in the 4th quarter. International Assets Investment Management LLC now owns 789 shares of the basic materials company's stock worth $33,000 after purchasing an additional 575 shares during the last quarter. Clear Street Markets LLC grew its holdings in shares of WestRock by 198.5% in the 3rd quarter. Clear Street Markets LLC now owns 1,000 shares of the basic materials company's stock worth $36,000 after purchasing an additional 665 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of WestRock in the 4th quarter worth about $60,000. Finally, Baystate Wealth Management LLC grew its holdings in shares of WestRock by 42.3% in the 4th quarter. Baystate Wealth Management LLC now owns 1,700 shares of the basic materials company's stock worth $71,000 after purchasing an additional 505 shares during the last quarter. Institutional investors and hedge funds own 83.38% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $42.00 target price on shares of WestRock in a report on Friday, February 2nd. Truist Financial increased their price objective on shares of WestRock from $40.00 to $48.00 and gave the stock a "hold" rating in a report on Thursday, January 4th. Seaport Res Ptn lowered shares of WestRock from a "buy" rating to a "neutral" rating in a report on Monday, January 29th. Wells Fargo & Company reissued an "equal weight" rating and set a $45.00 price objective (up previously from $42.00) on shares of WestRock in a report on Thursday, January 11th. Finally, StockNews.com began coverage on shares of WestRock in a report on Wednesday. They set a "hold" rating on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $43.00.

WestRock Trading Up 0.9 %

Shares of NYSE WRK traded up $0.44 during mid-day trading on Friday, hitting $47.25. The company's stock had a trading volume of 1,823,494 shares, compared to its average volume of 2,117,034. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of -6.97, a price-to-earnings-growth ratio of 4.43 and a beta of 1.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.55 and a quick ratio of 0.95. WestRock has a one year low of $26.85 and a one year high of $49.67. The company's fifty day simple moving average is $47.11 and its 200-day simple moving average is $42.23.

WestRock (NYSE:WRK - Get Free Report) last issued its earnings results on Thursday, February 1st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.15). The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.79 billion. WestRock had a negative net margin of 8.58% and a positive return on equity of 6.87%. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. On average, sell-side analysts anticipate that WestRock will post 1.93 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Vicki L. Lostetter sold 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.77, for a total value of $149,695.00. Following the sale, the insider now directly owns 92,117 shares in the company, valued at approximately $3,939,844.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company's stock.

WestRock Company Profile

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers.