Traders purchased shares of WestRock Co (NYSE:WRK) on weakness during trading hours on Tuesday. $46.94 million flowed into the stock on the tick-up and $21.51 million flowed out of the stock on the tick-down, for a money net flow of $25.43 million into the stock. Of all stocks tracked, WestRock had the 24th highest net in-flow for the day. WestRock traded down ($0.36) for the day and closed at $67.40

WRK has been the topic of several research analyst reports. Deutsche Bank set a $70.00 price objective on WestRock and gave the company a “buy” rating in a research note on Thursday, December 14th. Royal Bank of Canada reiterated a “buy” rating and issued a $65.00 price objective on shares of WestRock in a research note on Monday, September 25th. DA Davidson reiterated a “buy” rating and issued a $74.00 price objective on shares of WestRock in a research note on Friday, November 3rd. Barclays upped their price objective on WestRock from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, November 6th. Finally, Stephens initiated coverage on WestRock in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $66.09.

The company has a market cap of $17,170.00 and a PE ratio of 24.33. 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 (NYSE:WRK) last posted its earnings results on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.13 billion. WestRock had a return on equity of 6.73% and a net margin of 4.77%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share. equities analysts expect that WestRock Co will post 3.77 earnings per share for the current year.

In other WestRock news, Director John A. Luke, Jr. sold 10,343 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $63.85, for a total transaction of $660,400.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jennifer Graham-Johnson sold 7,700 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $59.23, for a total value of $456,071.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,445 shares of company stock worth $9,187,097. Company insiders own 2.20% of the company’s stock.

Large investors have recently bought and sold shares of the business. Norinchukin Bank The raised its position in shares of WestRock by 0.3% in the second quarter. Norinchukin Bank The now owns 20,926 shares of the basic materials company’s stock worth $1,186,000 after buying an additional 54 shares in the last quarter. Van ECK Associates Corp raised its position in shares of WestRock by 1.8% in the second quarter. Van ECK Associates Corp now owns 6,139 shares of the basic materials company’s stock worth $348,000 after buying an additional 108 shares in the last quarter. ETRADE Capital Management LLC raised its position in shares of WestRock by 4.7% in the second quarter. ETRADE Capital Management LLC now owns 5,001 shares of the basic materials company’s stock worth $283,000 after buying an additional 224 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of WestRock by 2.8% in the second quarter. Raymond James Trust N.A. now owns 10,706 shares of the basic materials company’s stock worth $607,000 after buying an additional 289 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of WestRock by 8.2% in the second quarter. Pacer Advisors Inc. now owns 4,244 shares of the basic materials company’s stock worth $240,000 after buying an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

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About WestRock

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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