WestRock (NYSE:WRK) Shares Purchased by Mather Group LLC.

Mather Group LLC. increased its stake in WestRock (NYSE:WRK) by 346.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,878 shares of the basic materials company’s stock after acquiring an additional 5,339 shares during the period. Mather Group LLC.’s holdings in WestRock were worth $340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank & Trust Co purchased a new stake in shares of WestRock during the 2nd quarter valued at about $136,000. Boston Common Asset Management LLC raised its stake in shares of WestRock by 82.0% during the second quarter. Boston Common Asset Management LLC now owns 335,589 shares of the basic materials company’s stock valued at $16,867,000 after purchasing an additional 151,198 shares during the period. DNB Asset Management AS lifted its position in shares of WestRock by 33.7% during the second quarter. DNB Asset Management AS now owns 56,154 shares of the basic materials company’s stock worth $2,822,000 after purchasing an additional 14,153 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of WestRock by 28.2% in the second quarter. GAMMA Investing LLC now owns 1,790 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 394 shares during the period. Finally, Cetera Advisors LLC grew its holdings in WestRock by 92.1% during the 1st quarter. Cetera Advisors LLC now owns 21,331 shares of the basic materials company’s stock valued at $1,055,000 after purchasing an additional 10,229 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

WestRock Stock Up 3.5 %

NYSE:WRK traded up $1.76 during trading hours on Wednesday, hitting $51.51. 11,862,000 shares of the stock traded hands, compared to its average volume of 2,623,995. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 2.13 and a beta of 1.05. The firm has a 50 day moving average price of $51.27 and a 200 day moving average price of $48.49. The company has a current ratio of 1.34, a quick ratio of 0.85 and a debt-to-equity ratio of 0.77. WestRock has a fifty-two week low of $27.86 and a fifty-two week high of $54.83.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Argus upped their price objective on shares of WestRock from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Truist Financial increased their target price on WestRock from $51.00 to $57.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Wells Fargo & Company boosted their target price on shares of WestRock from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Finally, StockNews.com began coverage on shares of WestRock in a research report on Thursday, August 1st. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.75.

WestRock Profile

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.