Westrock Company (WRK) Director John A. Luke, Jr. Sells 10,343 Shares
Westrock Company (NYSE:WRK) Director John A. Luke, Jr. sold 10,343 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $58.81, for a total transaction of $608,271.83. Following the sale, the director now owns 497,557 shares in the company, valued at $29,261,327.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Westrock Company (WRK) traded down $1.05 during mid-day trading on Tuesday, hitting $58.45. The stock had a trading volume of 1,313,600 shares, compared to its average volume of 1,452,615. The firm has a market capitalization of $15,110.00 and a P/E ratio of 22.71. Westrock Company has a 1-year low of $49.23 and a 1-year high of $61.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 0.89.
Westrock (NYSE:WRK) last posted its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.06. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.13 billion. Westrock had a return on equity of 6.73% and a net margin of 4.77%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. equities research analysts expect that Westrock Company will post 3.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were issued a $0.43 dividend. This is an increase from Westrock’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, November 9th. Westrock’s dividend payout ratio is presently 62.09%.
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Hedge funds have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Westrock in the second quarter valued at approximately $100,000. Sun Life Financial INC boosted its holdings in shares of Westrock by 26,114.3% in the second quarter. Sun Life Financial INC now owns 1,835 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 1,828 shares during the period. Invictus RG acquired a new stake in shares of Westrock in the third quarter valued at approximately $108,000. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Westrock in the third quarter valued at approximately $130,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Westrock by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,548 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 509 shares during the period. 86.92% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently weighed in on the stock. Barclays PLC restated a “hold” rating on shares of Westrock in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Westrock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 7th. DA Davidson restated a “buy” rating and set a $74.00 target price on shares of Westrock in a research note on Friday, November 3rd. Stephens started coverage on shares of Westrock in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, KeyCorp reiterated a “hold” rating on shares of Westrock in a research note on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating, nine have given 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 target price of $65.09.
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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