Investors Research Corp Sells 575 Shares of WestRock (NYSE:WRK)


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Investors Research Corp lessened its stake in shares of WestRock (NYSE:WRK) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,479 shares of the basic materials company’s stock after selling 575 shares during the period. WestRock accounts for 0.6% of Investors Research Corp’s portfolio, making the stock its 21st largest holding. Investors Research Corp’s holdings in WestRock were worth $1,638,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WRK. Montag A & Associates Inc. acquired a new position in WestRock during the fourth quarter valued at approximately $28,000. Vantage Consulting Group Inc acquired a new stake in shares of WestRock in the fourth quarter worth $30,000. Harvest Fund Management Co. Ltd grew its stake in shares of WestRock by 108.2% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 758 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 394 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of WestRock by 100.0% in the first quarter. International Assets Investment Management LLC now owns 826 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 413 shares during the last quarter. Finally, Private Capital Group LLC grew its stake in shares of WestRock by 71.2% in the fourth quarter. Private Capital Group LLC now owns 909 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 378 shares during the last quarter. Institutional investors own 80.83% of the company’s stock.

WRK has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on shares of WestRock in a research note on Tuesday, January 5th. They set a “buy” rating and a $61.00 price target on the stock. KeyCorp boosted their price objective on WestRock from $35.00 to $40.00 and gave the stock an “underweight” rating in a report on Monday, April 5th. BMO Capital Markets boosted their target price on WestRock from $54.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 10th. Deutsche Bank Aktiengesellschaft boosted their target price on WestRock from $58.00 to $59.00 in a research report on Monday, April 19th. Finally, Zacks Investment Research lowered WestRock from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research report on Tuesday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. WestRock presently has an average rating of “Buy” and a consensus target price of $49.27.

NYSE WRK traded up $0.28 during trading on Tuesday, hitting $57.65. The stock had a trading volume of 18,388 shares, compared to its average volume of 2,186,544. The company has a market capitalization of $15.19 billion, a PE ratio of 19.19 and a beta of 1.38. The company’s 50-day moving average price is $52.97 and its two-hundred day moving average price is $45.96. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 1.80. WestRock has a 12 month low of $23.22 and a 12 month high of $57.72.

In other WestRock news, insider Jeffrey Wayne Chalovich sold 19,600 shares of the business’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $51.23, for a total value of $1,004,108.00. Following the sale, the insider now owns 123,694 shares in the company, valued at approximately $6,336,843.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.92% of the company’s stock.

WestRock Profile

WestRock Company manufactures and sells paper and packaging solutions in North America, South America, Europe, Asia, and Australia. The company operates through Corrugated Packaging and Consumer Packaging segments. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for sale to 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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