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

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

Winpak Price Performance

Shares of Winpak stock traded up C$0.25 during midday trading on Monday, hitting C$40.75. The company had a trading volume of 67,038 shares, compared to its average volume of 66,957. Winpak Ltd. has a 1-year low of C$38.95 and a 1-year high of C$52.24. The business’s 50 day simple moving average is C$44.56 and its two-hundred day simple moving average is C$44.75. The stock has a market cap of C$2.39 billion, a PE ratio of 18.36, a P/E/G ratio of 4.44 and a beta of 0.57.

Winpak (TSE:WPK) last released its earnings results on Wednesday, April 29th. The company reported C$0.74 EPS for the quarter. The firm had revenue of C$389.30 million during the quarter. Winpak had a net margin of 11.93% and a return on equity of 10.32%. On average, sell-side analysts expect that Winpak Ltd. will post 3.5432473 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 0.5%. Winpak’s dividend payout ratio is currently 6.53%.

Analyst Ratings Changes

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