Advisory Services Network LLC Sells 19,990 Shares of Westrock Co (NYSE:WRK)

Advisory Services Network LLC trimmed its stake in shares of Westrock Co (NYSE:WRK) by 46.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,297 shares of the basic materials company’s stock after selling 19,990 shares during the quarter. Advisory Services Network LLC’s holdings in Westrock were worth $893,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WRK. Parallel Advisors LLC boosted its holdings in shares of Westrock by 64.5% in the 4th quarter. Parallel Advisors LLC now owns 719 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 282 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Westrock by 8.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,622 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 293 shares in the last quarter. CSat Investment Advisory L.P. boosted its holdings in shares of Westrock by 60.0% in the 1st quarter. CSat Investment Advisory L.P. now owns 795 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 298 shares in the last quarter. Leavell Investment Management Inc. boosted its holdings in shares of Westrock by 4.5% in the 1st quarter. Leavell Investment Management Inc. now owns 7,171 shares of the basic materials company’s stock worth $275,000 after purchasing an additional 312 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its holdings in shares of Westrock by 17.0% in the 4th quarter. Financial Advocates Investment Management now owns 2,439 shares of the basic materials company’s stock worth $210,000 after purchasing an additional 355 shares in the last quarter. Institutional investors own 83.29% of the company’s stock.

Shares of NYSE:WRK traded up $0.76 during trading on Friday, hitting $36.95. The stock had a trading volume of 1,506,990 shares, compared to its average volume of 1,913,192. Westrock Co has a 12 month low of $32.01 and a 12 month high of $58.28. The company has a market cap of $9.30 billion, a P/E ratio of 9.03, a PEG ratio of 2.01 and a beta of 1.61. The company has a fifty day moving average of $35.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.29 and a quick ratio of 0.77.

Westrock (NYSE:WRK) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.17. Westrock had a return on equity of 9.03% and a net margin of 4.89%. The firm had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.67 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts expect that Westrock Co will post 3.98 earnings per share for the current fiscal year.

Several brokerages recently weighed in on WRK. UBS Group restated a “sell” rating on shares of in a report on Monday, June 24th. KeyCorp restated a “hold” rating on shares of Westrock in a report on Monday, June 24th. Finally, Deutsche Bank cut J B Hunt Transport Services from a “buy” rating to a “sell” rating and set a $98.51 target price for the company. in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $47.50.

About Westrock

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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