Point72 Asia Hong Kong Ltd Purchases 4,776 Shares of WestRock Co (WRK)

Point72 Asia Hong Kong Ltd lifted its position in shares of WestRock Co (NYSE:WRK) by 1,669.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,062 shares of the basic materials company’s stock after acquiring an additional 4,776 shares during the quarter. Point72 Asia Hong Kong Ltd’s holdings in WestRock were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of WestRock by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 2,868,772 shares of the basic materials company’s stock worth $180,979,000 after acquiring an additional 242,365 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of WestRock by 6.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,380,324 shares of the basic materials company’s stock worth $150,460,000 after acquiring an additional 135,933 shares during the last quarter. Investec Asset Management LTD raised its position in shares of WestRock by 12.6% during the fourth quarter. Investec Asset Management LTD now owns 2,323,081 shares of the basic materials company’s stock worth $146,842,000 after acquiring an additional 259,148 shares during the last quarter. Lakewood Capital Management LP raised its position in shares of WestRock by 8.1% during the fourth quarter. Lakewood Capital Management LP now owns 2,184,372 shares of the basic materials company’s stock worth $138,074,000 after acquiring an additional 163,000 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of WestRock by 13.0% during the fourth quarter. Thrivent Financial For Lutherans now owns 1,867,036 shares of the basic materials company’s stock worth $118,016,000 after acquiring an additional 215,022 shares during the last quarter. Institutional investors own 86.88% of the company’s stock.

WestRock opened at $60.50 on Thursday, according to Marketbeat Ratings. The stock has a market capitalization of $15.76 billion, a P/E ratio of 23.09, a P/E/G ratio of 1.15 and a beta of 1.39. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 0.48. WestRock Co has a 12 month low of $54.05 and a 12 month high of $71.55.

WestRock (NYSE:WRK) last released its quarterly earnings data on Friday, April 27th. The basic materials company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.10 billion. WestRock had a return on equity of 7.84% and a net margin of 12.01%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. equities research analysts predict that WestRock Co will post 4.04 EPS for the current year.

WRK has been the subject of a number of recent research reports. Zacks Investment Research downgraded WestRock from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine downgraded WestRock from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Citigroup dropped their target price on WestRock from $83.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 5th. Finally, KeyCorp reiterated a “hold” rating on shares of WestRock in a report on Friday, April 27th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $75.90.

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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