WestRock Co (NYSE:WRK) Director John A. Luke, Jr. sold 7,236 shares of WestRock stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $67.06, for a total value of $485,246.16. Following the transaction, the director now directly owns 504,679 shares in the company, valued at $33,843,773.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of WestRock Co (NYSE WRK) opened at $66.20 on Thursday. WestRock Co has a 12-month low of $49.23 and a 12-month high of $71.55. The company has a market capitalization of $17,096.07, a PE ratio of 22.19, a P/E/G ratio of 1.31 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.74.
WestRock (NYSE:WRK) last issued its earnings results on Monday, January 29th. The basic materials company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.12. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period in the previous year, the company posted $0.47 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. equities analysts anticipate that WestRock Co will post 3.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 16th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, February 15th. WestRock’s payout ratio is 25.18%.
A number of institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. bought a new stake in WestRock in the 4th quarter valued at about $556,000. Xact Kapitalforvaltning AB increased its position in WestRock by 8.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 54,752 shares of the basic materials company’s stock valued at $3,461,000 after buying an additional 4,125 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in WestRock by 5.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 145,524 shares of the basic materials company’s stock valued at $9,199,000 after buying an additional 7,973 shares in the last quarter. Sawtooth Solutions LLC bought a new stake in WestRock in the 4th quarter valued at about $992,000. Finally, Salem Investment Counselors Inc. increased its position in WestRock by 1.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 88,630 shares of the basic materials company’s stock valued at $5,602,000 after buying an additional 884 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on WRK. ValuEngine downgraded WestRock from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded WestRock from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Barclays boosted their price objective on WestRock from $60.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, February 12th. Bank of America boosted their price objective on WestRock from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Citigroup boosted their price objective on WestRock from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. WestRock presently has a consensus rating of “Buy” and an average price target of $74.25.
WestRock Company Profile
WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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