Pictet Asset Management SA recently announced the acquisition of new stake in WestRock Co (NYSE:WRK). This fresh investment now brings its stake to 2.53% valued currently at $232.96 million. In addition, Geode Capital Management LLC raised its holdings by 0.11 million to 5.72 million shares.
With over 4.54 million WestRock Co (WRK) shares trading Tuesday and a closing price of $36.32 on the day, the dollar volume was approximately $165.01 million. The shares have shown a positive half year performance of 28.89% and its price on 11/21/23 lost nearly -1.01%. Currently, there are 256.40M common shares owned by the public and among those 252.80M shares have been available to trade.
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Insiders at the company have transacted a total of 48 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 252,315 shares. Insider sales of the common stock occurred on 23 occasions, with total insider shares sold totaling 380,946 shares.
The top 3 mutual fund holders in WestRock Co are Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and Vanguard 500 Index Fund. Vanguard Total Stock Market ETF owns 8.04 million shares of the company’s stock, all valued at over $288.95 million. The company bought an additional 79071.0 shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard Small Cap Index Fund bought 13210.0 shares to see its total holdings expand to 6.61 million shares valued at over $237.5 million and representing 2.58% of the shares outstanding. Vanguard 500 Index Fund bought 27183.0 shares to bring its total holdings to over 6.19 million shares at a value of $222.29 million. Vanguard 500 Index Fund now owns shares totaling to 2.41% of the shares outstanding.
Shares of WestRock Co (NYSE: WRK) opened at $37.11, up $0.42 from a prior closing price of $36.69. The company’s stock has a 5-day price change of -5.59% and 13.25% over the past three months. WRK shares are trading 3.30% year to date (YTD), with the 12-month market performance down to -0.52% lower. It has a 12-month low price of $26.84 and touched a high of $39.30 over the same period. WRK has an average intraday trading volume of 2.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.63%, -0.21%, and 13.79% respectively.
Institutional ownership of WestRock Co (NYSE: WRK) shares accounts for 86.73% of the company’s 256.40M shares outstanding. Mutual fund holders own 39.01%, while other institutional holders and individual stakeholders account for 47.40% and 1.99% respectively.
It has a market capitalization of $9.31B and a beta (3y monthly) value of 1.08. The earnings-per-share (ttm) stands at -$6.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.30% over the week and 1.76% over the month.
Analysts forecast that WestRock Co (WRK) will achieve an EPS of $0.36 for the current quarter, $0.55 for the next quarter and $3.27 for 2025. The lowest estimate earnings-per-share for the quarter is $0.3 while analysts give the company a high EPS estimate of $0.41. Comparatively, EPS for the current quarter was $0.55 a year ago. Earnings per share for the fiscal year are expected to decrease by -22.00%, and 35.06% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate WestRock Co (WRK) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 4 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
