WestRock Co (NYSE:WRK) CEO Steven C. Voorhees sold 49,267 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $65.00, for a total transaction of $3,202,355.00. Following the transaction, the chief executive officer now owns 700,051 shares of the company’s stock, valued at $45,503,315. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
WestRock Co (NYSE WRK) opened at $65.11 on Wednesday. WestRock Co has a fifty-two week low of $49.23 and a fifty-two week high of $71.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.74. The firm has a market cap of $16,590.00 and a price-to-earnings ratio of 9.53.
WestRock (NYSE:WRK) last released its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.12. WestRock had a net margin of 11.51% and a return on equity of 7.45%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. equities research analysts expect that WestRock Co will post 3.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Friday, February 16th will be issued a $0.43 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.72 dividend on an annualized basis and a yield of 2.64%. WestRock’s payout ratio is 25.18%.
WRK has been the subject of a number of research reports. Deutsche Bank set a $78.00 target price on shares of WestRock and gave the company a “buy” rating in a research report on Tuesday, January 30th. Royal Bank of Canada restated a “buy” rating and set a $85.00 target price on shares of WestRock in a research report on Tuesday, January 30th. DA Davidson reaffirmed a “buy” rating and issued a $74.00 price objective on shares of WestRock in a report on Friday, November 3rd. Citigroup lifted their price objective on shares of WestRock from $80.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Zacks Investment Research cut shares of WestRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $74.25.
Several hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of WestRock by 32.6% during the fourth quarter. American Century Companies Inc. now owns 4,631,286 shares of the basic materials company’s stock worth $292,744,000 after purchasing an additional 1,138,884 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of WestRock by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 2,868,772 shares of the basic materials company’s stock worth $180,979,000 after purchasing an additional 242,365 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of WestRock by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,616,992 shares of the basic materials company’s stock worth $148,463,000 after purchasing an additional 33,316 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of WestRock by 6.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,380,324 shares of the basic materials company’s stock worth $150,460,000 after purchasing an additional 135,933 shares in the last quarter. Finally, Investec Asset Management LTD increased its stake in shares of WestRock by 12.6% during the fourth quarter. Investec Asset Management LTD now owns 2,323,081 shares of the basic materials company’s stock worth $146,842,000 after purchasing an additional 259,148 shares in the last quarter. 86.98% of the stock is 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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