WestRock Company has been under ongoing scrutiny with various investment entities adjusting their stakes.
DekaBank Deutsche Girozentrale reduced its holdings, while
Janney Montgomery Scott LLC increased its position, and
Teachers Retirement System of The State of Kentucky held a $1.04 million stake in the company. Furthermore, Japanese financial holding company
Mitsubishi UFJ Trust & Banking Corp and France's
BNP PARIBAS ASSET MANAGEMENT Holding S.A. registered decreases in investment stakes.
The company's merger with
Smurfit Kappa has received shareholders' approval despite leading to a mixed market reaction, such as a 10% fall in Smurfit Kappa shares. This deal is expected to create a significant global packaging leader worth $20 billion.
The company's management has seen several changes, including insider selling and executive resignations. Its financial reports, including FQ1 and FQ2 2024 results, highlight modest profits despite missing revenue estimates. WestRock also announced a quarterly dividend and projected substantial free cash flow from its assets. The company faces criticism around its use of debt, with recent news of a plant closure and layoffs ahead of the Smurfit merger. Nevertheless, the stock reached a 52-week high in 2024.
Westrock Company WRK News Analytics from Thu, 11 Aug 2016 19:17:03 GMT to Wed, 07 Aug 2024 14:39:29 GMT -
Rating 5
- Innovation 0
- Information 7
- Rumor 3
