WestRock Co (WRK) Director Sells $665,572.05 in Stock
WestRock Co (NYSE:WRK) Director John A. Luke, Jr. sold 10,343 shares of WestRock stock in a transaction on Monday, December 11th. The shares were sold at an average price of $64.35, for a total value of $665,572.05. Following the completion of the transaction, the director now owns 497,557 shares in the company, valued at approximately $32,017,792.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of WestRock Co (NYSE:WRK) remained flat at $$64.42 during trading on Tuesday. 2,141,700 shares of the stock were exchanged, compared to its average volume of 1,451,409. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 0.89. The stock has a market capitalization of $16,402.26, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 1.50 and a beta of 1.37. WestRock Co has a 52-week low of $49.23 and a 52-week high of $64.76.
WestRock (NYSE:WRK) last announced its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.06. The firm 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%. WestRock’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. equities research analysts predict that WestRock Co will post 3.72 EPS for the current fiscal year.
A number of brokerages recently weighed in on WRK. Stephens began coverage on WestRock in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 target price on the stock. KeyCorp restated a “hold” rating on shares of WestRock in a research note on Wednesday, October 11th. Barclays restated a “hold” rating on shares of WestRock in a research note on Friday, November 10th. BMO Capital Markets boosted their price objective on WestRock to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Royal Bank of Canada restated a “buy” rating and set a $65.00 price objective on shares of WestRock in a research note on Monday, September 25th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. WestRock presently has an average rating of “Buy” and an average price target of $65.64.
A number of institutional investors have recently made changes to their positions in WRK. AJO LP grew its holdings in shares of WestRock by 13,639.1% during the second quarter. AJO LP now owns 2,782,160 shares of the basic materials company’s stock valued at $157,637,000 after purchasing an additional 2,761,910 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of WestRock by 327.5% during the second quarter. Prudential Financial Inc. now owns 1,998,206 shares of the basic materials company’s stock valued at $113,218,000 after purchasing an additional 1,530,797 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of WestRock by 2,916.4% during the second quarter. Janus Henderson Group PLC now owns 1,024,046 shares of the basic materials company’s stock worth $58,023,000 after buying an additional 990,097 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of WestRock during the third quarter worth approximately $51,740,000. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in shares of WestRock by 1,801.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 962,436 shares of the basic materials company’s stock worth $37,410,000 after buying an additional 911,819 shares during the period. 87.95% of the stock is owned by hedge funds and other institutional investors.
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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