WestRock Co (NYSE:WRK) Director John A. Luke, Jr. sold 10,343 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $62.97, for a total transaction of $651,298.71. Following the completion of the sale, the director now owns 497,557 shares of the company’s stock, valued at approximately $31,331,164.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
WestRock Co (WRK) traded down $0.13 during trading on Tuesday, reaching $63.34. 388,291 shares of the company were exchanged, compared to its average volume of 1,447,774. WestRock Co has a 52-week low of $49.23 and a 52-week high of $63.63. The stock has a market capitalization of $16,090.00 and a P/E ratio of 23.82. The company has a current ratio of 1.49, a quick ratio of 0.89 and a debt-to-equity ratio of 0.57.
WestRock (NYSE:WRK) last released its earnings results on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. WestRock had a net margin of 4.77% and a return on equity of 6.73%. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. WestRock’s revenue was up 12.4% compared to the same quarter last year. analysts anticipate that WestRock Co will post 3.74 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were paid a dividend of $0.43 per share. This is an increase from WestRock’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 2.72%. The ex-dividend date was Thursday, November 9th. WestRock’s payout ratio is currently 62.09%.
Several analysts recently commented on WRK shares. Deutsche Bank reiterated a “buy” rating and issued a $65.00 price objective (up previously from $61.00) on shares of WestRock in a research note on Monday, October 9th. Barclays lifted their target price on shares of WestRock from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, November 6th. Royal Bank Of Canada restated a “buy” rating and set a $65.00 target price on shares of WestRock in a research report on Monday, September 25th. DA Davidson restated a “buy” rating and set a $74.00 target price on shares of WestRock in a research report on Friday, November 3rd. Finally, Zacks Investment Research cut shares of WestRock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. WestRock presently has a consensus rating of “Buy” and a consensus price target of $65.09.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of WestRock by 1.9% during the second quarter. Vanguard Group Inc. now owns 26,211,606 shares of the basic materials company’s stock worth $1,485,150,000 after purchasing an additional 484,771 shares in the last quarter. BlackRock Inc. raised its holdings in WestRock by 0.8% in the second quarter. BlackRock Inc. now owns 22,598,192 shares of the basic materials company’s stock valued at $1,280,411,000 after acquiring an additional 180,112 shares in the last quarter. Boston Partners raised its holdings in WestRock by 0.5% in the second quarter. Boston Partners now owns 9,097,512 shares of the basic materials company’s stock valued at $515,465,000 after acquiring an additional 48,092 shares in the last quarter. American Century Companies Inc. raised its holdings in WestRock by 7.0% in the third quarter. American Century Companies Inc. now owns 3,492,402 shares of the basic materials company’s stock valued at $198,124,000 after acquiring an additional 227,189 shares in the last quarter. Finally, AJO LP raised its holdings in WestRock by 13,639.1% in the second quarter. AJO LP now owns 2,782,160 shares of the basic materials company’s stock valued at $157,637,000 after acquiring an additional 2,761,910 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.
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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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