Gateway Investment Advisers LLC Sells 13,993 Shares of WestRock Co (WRK)

Gateway Investment Advisers LLC trimmed its position in WestRock Co (NYSE:WRK) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,282 shares of the basic materials company’s stock after selling 13,993 shares during the period. Gateway Investment Advisers LLC owned about 0.09% of WestRock worth $14,809,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in WestRock by 1.8% in the 2nd quarter. Van ECK Associates Corp now owns 6,139 shares of the basic materials company’s stock valued at $348,000 after purchasing an additional 108 shares in the last quarter. ETRADE Capital Management LLC lifted its holdings in WestRock by 4.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 5,001 shares of the basic materials company’s stock valued at $283,000 after purchasing an additional 224 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in WestRock by 3.1% in the 2nd quarter. Sentry Investment Management LLC now owns 14,661 shares of the basic materials company’s stock valued at $831,000 after purchasing an additional 442 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in WestRock by 3.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 12,515 shares of the basic materials company’s stock valued at $709,000 after purchasing an additional 466 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in WestRock by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,548 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 509 shares in the last quarter. Institutional investors own 87.73% of the company’s stock.

Shares of WestRock Co (WRK) opened at $68.03 on Friday. The stock has a market cap of $17,330.00 and a P/E ratio of 24.56. WestRock Co has a 1 year low of $49.23 and a 1 year high of $69.97. The company has a current ratio of 1.49, a quick ratio of 0.89 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 Zacks’ consensus estimate of $0.81 by $0.06. WestRock had a net margin of 4.77% and a return on equity of 6.73%. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The company’s revenue was up 12.4% on a year-over-year basis. analysts expect that WestRock Co will post 3.79 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 that occurred on Monday, October 23rd. The shares were sold at an average price of $60.74, for a total value of $628,233.82. Following the completion of the sale, the director now owns 497,557 shares of the company’s stock, valued at $30,221,612.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennifer Graham-Johnson sold 7,700 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $59.23, for a total transaction of $456,071.00. The disclosure for this sale can be found here. Insiders sold 141,102 shares of company stock valued at $8,578,618 in the last ninety days. 2.68% of the stock is owned by corporate insiders.

WRK has been the topic of a number of recent research reports. Deutsche Bank restated a “buy” rating and issued a $65.00 target price (up from $61.00) on shares of WestRock in a report on Monday, October 9th. Stephens set a $72.00 target price on shares of WestRock and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Barclays increased their target price on shares of WestRock from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, November 6th. BMO Capital Markets increased their target price on shares of WestRock to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Finally, DA Davidson reissued a “buy” rating and set a $74.00 target price on shares of WestRock in a research report on Friday, November 3rd. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.09.

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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.

Institutional Ownership by Quarter for WestRock (NYSE:WRK)

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