Scott Mckenzie Taylor Acquires 1,650 Shares of Winpak (TSE:WPK) Stock

Winpak Ltd. (TSE:WPK) insider Scott Mckenzie Taylor purchased 1,650 shares of the stock in a transaction on Monday, May 4th. The stock was acquired at an average price of C$40.36 per share, with a total value of C$66,594.00. Following the completion of the acquisition, the insider directly owned 4,400 shares of the company’s stock, valued at approximately C$177,584. This represents a 60.00% increase in their ownership of the stock.

Winpak Price Performance

TSE:WPK opened at C$40.60 on Wednesday. Winpak Ltd. has a fifty-two week low of C$38.95 and a fifty-two week high of C$52.24. The stock has a market capitalization of C$2.38 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 4.44 and a beta of 0.57. The business’s 50-day simple moving average is C$44.13 and its 200-day simple moving average is C$44.72.

Winpak (TSE:WPK) last posted its earnings results on Wednesday, April 29th. The company reported C$0.74 earnings per share (EPS) for the quarter. The business had revenue of C$389.30 million during the quarter. Winpak had a return on equity of 10.32% and a net margin of 11.93%. On average, research analysts expect that Winpak Ltd. will post 3.5432473 earnings per share for the current year.

Winpak Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. Winpak’s dividend payout ratio is currently 6.53%.

Wall Street Analysts Forecast Growth

WPK has been the topic of several research reports. National Bank Financial boosted their price objective on shares of Winpak from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 25th. BMO Capital Markets increased their target price on Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a report on Tuesday, February 24th. Finally, Canadian Imperial Bank of Commerce downgraded Winpak from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$53.00 to C$52.00 in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Winpak currently has an average rating of “Hold” and an average price target of C$51.00.

About Winpak

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.