Legal & General Group Plc raised its stake in WestRock Co. (NYSE:WRK) by 1.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,112,234 shares of the company’s stock after buying an additional 17,865 shares during the period. Legal & General Group Plc owned about 0.45% of WestRock worth $43,406,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the company. Advisor Partners LLC acquired a new position in WestRock during the first quarter valued at about $203,000. IFP Advisors Inc boosted its stake in WestRock by 6.2% in the first quarter. IFP Advisors Inc now owns 5,660 shares of the company’s stock worth $221,000 after buying an additional 328 shares in the last quarter. Gagnon Securities LLC purchased a new stake in WestRock during the first quarter worth $262,000. Fox Run Management L.L.C. boosted its stake in WestRock by 63.0% in the first quarter. Fox Run Management L.L.C. now owns 7,500 shares of the company’s stock worth $293,000 after buying an additional 2,900 shares in the last quarter. Finally, Maryland Capital Management boosted its stake in WestRock by 2.1% in the first quarter. Maryland Capital Management now owns 8,725 shares of the company’s stock worth $341,000 after buying an additional 177 shares in the last quarter.
Shares of WestRock Co. (NYSE:WRK) traded down 0.89% on Wednesday, hitting $43.24. The company’s stock had a trading volume of 1,259,252 shares. WestRock Co. has a 52 week low of $29.73 and a 52 week high of $64.74. The company’s market cap is $10.80 billion. The stock’s 50 day moving average is $39.94 and its 200-day moving average is $37.96.
A number of equities research analysts recently weighed in on WRK shares. Zacks Investment Research upgraded WestRock from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Barclays PLC upped their price target on WestRock from $40.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, May 2nd. Dundee Securities cut WestRock from a “buy” rating to a “neutral” rating in a report on Wednesday, April 20th. Citigroup Inc. upped their price target on WestRock from $43.30 to $46.00 and gave the stock a “buy” rating in a report on Monday, June 13th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $52.00 price target on shares of WestRock in a report on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.22.
Westrock Company is a provider of packaging solutions and manufactures containerboard and paperboard. The Company’s operating segments include Corrugated Packaging, Consumer Packaging, Specialty Chemicals, and Land and Development. The Company operates in North America, South America, Europe and Asia.
