WestRock Co (NYSE:WRK) saw unusually large options trading activity on Monday. Stock traders purchased 1,571 put options on the stock. This is an increase of 2,394% compared to the average daily volume of 63 put options.

Shares of WRK opened at $54.17 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.56 and a debt-to-equity ratio of 0.52. WestRock has a 1 year low of $52.78 and a 1 year high of $71.55. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.05 and a beta of 1.34.

WestRock (NYSE:WRK) last announced its quarterly earnings data on Thursday, August 2nd. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. WestRock had a net margin of 11.31% and a return on equity of 8.49%. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the firm posted $0.74 EPS. The company’s revenue was up 12.0% on a year-over-year basis. analysts forecast that WestRock will post 4.06 earnings per share for the current fiscal year.

WRK has been the subject of several analyst reports. Citigroup reduced their target price on shares of WestRock from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 10th. Barclays reduced their target price on shares of WestRock from $64.00 to $62.00 and set an “equal weight” rating for the company in a report on Thursday, August 9th. Wells Fargo & Co initiated coverage on shares of WestRock in a report on Friday, September 21st. They issued a “market perform” rating and a $63.00 target price for the company. Stephens set a $63.00 target price on shares of WestRock and gave the stock a “weight” rating in a report on Thursday, July 5th. Finally, ValuEngine raised shares of WestRock from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $73.50.

A number of institutional investors and hedge funds have recently made changes to their positions in WRK. Neuberger Berman Group LLC grew its holdings in WestRock by 17.2% during the 1st quarter. Neuberger Berman Group LLC now owns 31,052 shares of the basic materials company’s stock valued at $2,040,000 after buying an additional 4,550 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in WestRock by 50.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,241 shares of the basic materials company’s stock valued at $850,000 after buying an additional 4,452 shares in the last quarter. Private Advisor Group LLC purchased a new stake in WestRock during the 1st quarter valued at approximately $348,000. IFP Advisors Inc grew its holdings in WestRock by 170.5% during the 1st quarter. IFP Advisors Inc now owns 14,844 shares of the basic materials company’s stock valued at $953,000 after buying an additional 9,356 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in WestRock by 25.4% during the 1st quarter. Toronto Dominion Bank now owns 137,478 shares of the basic materials company’s stock valued at $8,821,000 after buying an additional 27,839 shares in the last quarter. 85.14% of the stock is owned by institutional investors and hedge funds.

WestRock Company Profile

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.

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