WestRock Co (WRK) Director John A. Luke, Jr. Sells 124,621 Shares

WestRock Co (NYSE:WRK) Director John A. Luke, Jr. sold 124,621 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $65.34, for a total value of $8,142,736.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

WestRock Co (NYSE:WRK) traded down $2.07 during trading hours on Thursday, reaching $62.35. The company had a trading volume of 656,316 shares, compared to its average volume of 2,187,426. The stock has a market capitalization of $16,466.51, a price-to-earnings ratio of 9.13, a PEG ratio of 1.30 and a beta of 1.42. The company has a quick ratio of 0.74, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. WestRock Co has a 52-week low of $49.23 and a 52-week high of $71.55.

WestRock (NYSE:WRK) last posted its earnings results on Monday, January 29th. The basic materials company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.75 by $0.12. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.95 billion. WestRock had a return on equity of 7.45% and a net margin of 11.51%. WestRock’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. equities research analysts anticipate that WestRock Co will post 3.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Friday, February 16th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, February 15th. WestRock’s dividend payout ratio (DPR) is presently 25.18%.

A number of research analysts have commented on the company. DA Davidson restated a “buy” rating and set a $82.00 price target on shares of WestRock in a research note on Tuesday, January 30th. Citigroup upped their price target on WestRock from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Zacks Investment Research upgraded WestRock from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Saturday, February 3rd. Deutsche Bank set a $78.00 price target on WestRock and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, BMO Capital Markets restated a “buy” rating and set a $77.00 price target on shares of WestRock in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. WestRock presently has an average rating of “Buy” and an average price target of $73.92.

A number of large investors have recently bought and sold shares of WRK. Invictus RG acquired a new stake in shares of WestRock during the third quarter worth about $108,000. Old Mutual Global Investors UK Ltd. purchased a new position in shares of WestRock during the 3rd quarter worth approximately $130,000. Fuller & Thaler Asset Management Inc. purchased a new stake in WestRock in the 3rd quarter worth approximately $147,000. Steward Partners Investment Advisory LLC grew its stake in WestRock by 3,666.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,013 shares of the basic materials company’s stock worth $190,000 after acquiring an additional 2,933 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new stake in WestRock in the 3rd quarter worth approximately $216,000. 87.51% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for WestRock (NYSE:WRK)

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