Union Bankshares Corp Decreases Position in WestRock Co (WRK)

Union Bankshares Corp trimmed its position in shares of WestRock Co (NYSE:WRK) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,907 shares of the basic materials company’s stock after selling 758 shares during the period. Union Bankshares Corp’s holdings in WestRock were worth $4,671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware bought a new position in WestRock during the 2nd quarter worth approximately $100,000. Sun Life Financial INC grew its position in WestRock by 26,114.3% during the 2nd quarter. Sun Life Financial INC now owns 1,835 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 1,828 shares during the last quarter. Invictus RG bought a new position in WestRock during the 3rd quarter worth approximately $108,000. Old Mutual Global Investors UK Ltd. bought a new position in WestRock during the 3rd quarter worth approximately $130,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in WestRock by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,548 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 509 shares during the last quarter. 87.70% of the stock is currently owned by institutional investors.

WestRock Co (WRK) traded down $0.36 during midday trading on Wednesday, hitting $67.40. The company had a trading volume of 2,250,200 shares, compared to its average volume of 2,137,433. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. WestRock Co has a one year low of $49.23 and a one year high of $68.29. The company has a market capitalization of $17,140.00 and a price-to-earnings ratio of 24.33.

WestRock (NYSE:WRK) last released its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.06. WestRock had a return on equity of 6.73% and a net margin of 4.77%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. research analysts predict that WestRock Co will post 3.77 EPS for the current year.

In related news, EVP Jennifer Graham-Johnson sold 7,700 shares of WestRock stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $59.23, for a total transaction of $456,071.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert A. Feeser sold 29,972 shares of WestRock stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $60.00, for a total value of $1,798,320.00. The disclosure for this sale can be found here. Insiders have sold 151,445 shares of company stock worth $9,187,097 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. Stephens assumed coverage on WestRock in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 price objective on the stock. KeyCorp reiterated a “hold” rating on shares of WestRock in a research report on Wednesday, October 11th. Barclays reiterated a “hold” rating on shares of WestRock in a research report on Friday, November 10th. BMO Capital Markets lifted their price objective on WestRock to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $65.00 price objective on shares of WestRock in a research report on Monday, September 25th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $66.09.

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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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