WestRock Co (NYSE:WRK) Director John A. Luke, Jr. sold 10,343 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $63.68, for a total value of $658,642.24. Following the completion of the sale, the director now directly owns 497,557 shares of the company’s stock, valued at approximately $31,684,429.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of WestRock Co (NYSE:WRK) traded up $0.85 during mid-day trading on Thursday, hitting $68.26. The stock had a trading volume of 1,320,717 shares, compared to its average volume of 1,942,302. WestRock Co has a one year low of $49.23 and a one year high of $68.29. The firm has a market capitalization of $17,390.00 and a price-to-earnings ratio of 24.64. 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 issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.13 billion. WestRock had a return on equity of 6.73% and a net margin of 4.77%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. equities analysts expect that WestRock Co will post 3.77 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware acquired a new position in shares of WestRock in the second quarter valued at $100,000. Sun Life Financial INC raised its stake 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 purchasing an additional 1,828 shares in the last quarter. Invictus RG acquired a new position in shares of WestRock in the third quarter valued at $108,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of WestRock in the third quarter valued at $130,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake 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 purchasing an additional 509 shares in the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.
Several equities research analysts recently commented on the company. Stephens set a $72.00 price target on WestRock and gave the company a “hold” rating in a research note on Wednesday. KeyCorp restated a “hold” rating on shares of WestRock in a report on Wednesday, October 11th. Deutsche Bank set a $70.00 target price on WestRock and gave the stock a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research lowered WestRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, BMO Capital Markets boosted their target price on WestRock to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. Five research 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. WestRock currently has an average rating of “Buy” and an average price target of $67.09.
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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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