WestRock Co (NYSE:WRK) Director John A. Luke, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $65.56, for a total value of $3,278,000.00. Following the completion of the transaction, the director now directly owns 545,435 shares in the company, valued at $35,758,718.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of WestRock Co (NYSE:WRK) opened at $65.13 on Thursday. The firm has a market capitalization of $16,620.00 and a PE ratio of 9.56. WestRock Co has a 52 week low of $49.23 and a 52 week high of $71.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.74 and a current ratio of 1.28.
WestRock (NYSE:WRK) last posted its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.12. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.95 billion. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. sell-side analysts predict that WestRock Co will post 3.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Friday, February 16th will be paid 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 dividend payout ratio (DPR) is 25.26%.
Several research analysts have commented on the company. Royal Bank of Canada reissued a “buy” rating and issued a $85.00 price objective on shares of WestRock in a research report on Tuesday, January 30th. Stephens set a $74.00 target price on WestRock and gave the company a “hold” rating in a research note on Monday, January 29th. BMO Capital Markets restated a “buy” rating and set a $77.00 target price on shares of WestRock in a research note on Thursday, January 25th. Citigroup raised their target price on WestRock from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Bank of America raised their target price on WestRock from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. WestRock has a consensus rating of “Buy” and a consensus price target of $74.25.
A number of large investors have recently bought and sold shares of the stock. Salem Investment Counselors Inc. grew its stake in WestRock by 1.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 88,630 shares of the basic materials company’s stock worth $5,602,000 after purchasing an additional 884 shares in the last quarter. Alpha Omega Wealth Management LLC grew its stake in WestRock by 1.6% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 56,853 shares of the basic materials company’s stock worth $3,594,000 after purchasing an additional 911 shares in the last quarter. Tocqueville Asset Management L.P. grew its stake in WestRock by 21.8% in the third quarter. Tocqueville Asset Management L.P. now owns 5,310 shares of the basic materials company’s stock worth $301,000 after purchasing an additional 951 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in WestRock by 21.8% in the fourth quarter. First Allied Advisory Services Inc. now owns 5,484 shares of the basic materials company’s stock worth $345,000 after purchasing an additional 983 shares in the last quarter. Finally, AMP Capital Investors Ltd grew its stake in WestRock by 1.1% in the fourth quarter. AMP Capital Investors Ltd now owns 98,042 shares of the basic materials company’s stock worth $6,197,000 after purchasing an additional 1,066 shares in the last quarter. Institutional investors and hedge funds own 86.98% of the company’s stock.
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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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