Cerebellum GP LLC Has $570,000 Position in Westrock Co (NYSE:WRK)

Share on StockTwits

Cerebellum GP LLC increased its position in Westrock Co (NYSE:WRK) by 8,055.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,293 shares of the basic materials company’s stock after purchasing an additional 13,130 shares during the quarter. Cerebellum GP LLC’s holdings in Westrock were worth $570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WRK. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Westrock by 40.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 311,236 shares of the basic materials company’s stock worth $11,936,000 after purchasing an additional 90,397 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Westrock by 157.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 57,060 shares of the basic materials company’s stock worth $2,081,000 after purchasing an additional 34,911 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Westrock by 6.1% during the 2nd quarter. MML Investors Services LLC now owns 23,233 shares of the basic materials company’s stock worth $847,000 after purchasing an additional 1,336 shares in the last quarter. United Capital Financial Advisers LLC grew its holdings in shares of Westrock by 23.7% during the 2nd quarter. United Capital Financial Advisers LLC now owns 47,953 shares of the basic materials company’s stock worth $1,749,000 after purchasing an additional 9,186 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Westrock by 10.1% during the 2nd quarter. Asset Management One Co. Ltd. now owns 134,606 shares of the basic materials company’s stock worth $4,906,000 after purchasing an additional 12,360 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Westrock stock opened at $42.65 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.45 and a quick ratio of 0.83. The company has a market capitalization of $10.97 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 2.95 and a beta of 1.64. Westrock Co has a one year low of $31.94 and a one year high of $44.39. The business has a 50 day simple moving average of $41.74 and a 200 day simple moving average of $37.78.

Westrock (NYSE:WRK) last posted its earnings results on Thursday, November 7th. The basic materials company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.05. The business had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.84 billion. Westrock had a return on equity of 8.81% and a net margin of 4.72%. Westrock’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. Equities analysts anticipate that Westrock Co will post 3.34 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on WRK. Bank of America raised Westrock from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Monday, November 18th. TheStreet raised Westrock from a “c+” rating to a “b-” rating in a report on Tuesday, December 31st. Citigroup raised Westrock from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $48.00 in a report on Monday, January 6th. KeyCorp reissued a “sell” rating and set a $34.00 price objective on shares of Westrock in a report on Thursday, November 7th. Finally, Exane BNP Paribas began coverage on Westrock in a report on Monday, December 2nd. They set an “outperform” rating and a $48.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $44.78.

In related news, Director John A. Luke, Jr. sold 41,206 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $40.64, for a total transaction of $1,674,611.84. Also, Director John A. Luke, Jr. sold 188,659 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $40.67, for a total value of $7,672,761.53. Following the transaction, the director now owns 689,418 shares of the company’s stock, valued at approximately $28,038,630.06. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 300 shares of company stock valued at $12,467 and have sold 255,618 shares valued at $10,378,523. 1.92% of the stock is owned by company insiders.

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.

Featured Article: Relative Strength Index

Want to see what other hedge funds are holding WRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Westrock Co (NYSE:WRK).

Institutional Ownership by Quarter for Westrock (NYSE:WRK)

Receive News & Ratings for Westrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westrock and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.