Zurcher Kantonalbank Zurich Cantonalbank Has $1.60 Million Position in WestRock (NYSE:WRK)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in WestRock (NYSE:WRK) by 50.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,413 shares of the basic materials company’s stock after selling 38,762 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in WestRock were worth $1,595,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in WestRock during the third quarter valued at approximately $27,000. International Assets Investment Management LLC grew its holdings in WestRock by 268.7% during the fourth quarter. International Assets Investment Management LLC now owns 789 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 575 shares during the last quarter. Clear Street Markets LLC grew its holdings in WestRock by 198.5% during the third quarter. Clear Street Markets LLC now owns 1,000 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 665 shares during the last quarter. CVA Family Office LLC acquired a new position in WestRock during the fourth quarter valued at approximately $60,000. Finally, Baystate Wealth Management LLC grew its holdings in WestRock by 42.3% during the fourth quarter. Baystate Wealth Management LLC now owns 1,700 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 505 shares during the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on WRK. Truist Financial increased their price target on WestRock from $40.00 to $48.00 and gave the company a “hold” rating in a report on Thursday, January 4th. Seaport Res Ptn cut WestRock from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. StockNews.com started coverage on WestRock in a research report on Wednesday. They issued a “hold” rating for the company. Wells Fargo & Company reissued an “equal weight” rating and issued a $45.00 price objective (up from $42.00) on shares of WestRock in a research report on Thursday, January 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $42.00 price objective on shares of WestRock in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.00.

Insider Buying and Selling

In other WestRock news, insider Vicki L. Lostetter sold 3,500 shares of WestRock stock in a transaction on Monday, February 12th. The stock was sold at an average price of $42.77, for a total transaction of $149,695.00. Following the completion of the transaction, the insider now directly owns 92,117 shares of the company’s stock, valued at $3,939,844.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by company insiders.

WestRock Stock Down 1.4 %

Shares of WRK stock opened at $46.81 on Friday. WestRock has a one year low of $26.85 and a one year high of $49.67. The stock has a fifty day moving average price of $47.04 and a 200 day moving average price of $42.20. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.81.

WestRock (NYSE:WRK) last issued its earnings results on Thursday, February 1st. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.15). The firm had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.79 billion. WestRock had a positive return on equity of 6.87% and a negative net margin of 8.58%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. Research analysts anticipate that WestRock will post 1.93 EPS for the current fiscal year.

About WestRock

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers.