WestRock Co (NYSE:WRK) CEO Steven C. Voorhees sold 49,267 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $65.00, for a total transaction of $3,202,355.00. Following the completion of the sale, the chief executive officer now directly owns 700,051 shares of the company’s stock, valued at $45,503,315. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
WestRock Co (NYSE:WRK) traded down $0.81 during trading on Wednesday, hitting $66.20. The company had a trading volume of 1,743,111 shares, compared to its average volume of 1,900,000. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.74. WestRock Co has a fifty-two week low of $49.23 and a fifty-two week high of $71.55. The company has a market capitalization of $16,890.00 and a PE ratio of 25.08.
WestRock (NYSE:WRK) last announced its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.12. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.95 billion. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. equities analysts predict that WestRock Co will post 3.95 EPS for the current fiscal year.
Several brokerages have commented on WRK. 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 report on Saturday, February 3rd. Stephens set a $72.00 price target on WestRock and gave the company a “hold” rating in a report on Wednesday, January 10th. ValuEngine upgraded shares of WestRock from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. BMO Capital Markets raised their price objective on shares of WestRock to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Finally, Bank of America raised their price objective on shares of WestRock from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. WestRock presently has a consensus rating of “Buy” and an average price target of $74.25.
A number of large investors have recently made changes to their positions in WRK. Assetmark Inc. grew its position in shares of WestRock by 672.6% during the 4th quarter. Assetmark Inc. now owns 1,661 shares of the basic materials company’s stock worth $105,000 after buying an additional 1,446 shares during the period. Invictus RG acquired a new position in shares of WestRock during the 3rd quarter worth about $108,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of WestRock during the 3rd quarter worth about $130,000. Tower Research Capital LLC TRC grew its position in shares of WestRock by 1,225.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,107 shares of the basic materials company’s stock worth $133,000 after buying an additional 1,948 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of WestRock during the 3rd quarter worth about $147,000. 88.20% 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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