Scott Mckenzie Taylor Purchases 1,650 Shares of Winpak (TSE:WPK) Stock

Winpak Ltd. (TSE:WPK) insider Scott Mckenzie Taylor bought 1,650 shares of Winpak stock in a transaction on Monday, May 4th. The stock was acquired at an average price of C$40.36 per share, with a total value of C$66,594.00. Following the completion of the purchase, the insider directly owned 4,400 shares of the company’s stock, valued at approximately C$177,584. The trade was a 60.00% increase in their ownership of the stock.

Winpak Stock Up 0.6%

WPK stock traded up C$0.25 during trading hours on Monday, hitting C$40.75. The company’s stock had a trading volume of 67,038 shares, compared to its average volume of 66,957. The stock has a 50 day moving average price of C$44.56 and a two-hundred day moving average price of C$44.75. Winpak Ltd. has a 12 month low of C$38.95 and a 12 month high of C$52.24. The company has a market capitalization of C$2.39 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 4.44 and a beta of 0.57.

Winpak (TSE:WPK) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.74 earnings per share for the quarter. Winpak had a net margin of 11.93% and a return on equity of 10.32%. The business had revenue of C$389.30 million for the quarter. Sell-side analysts expect that Winpak Ltd. will post 3.5432473 earnings per share for the current year.

Winpak Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, April 1st. Winpak’s dividend payout ratio (DPR) is 6.53%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. National Bank Financial increased their price objective on Winpak from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a report on Wednesday, February 25th. Canadian Imperial Bank of Commerce lowered Winpak from an “outperform” rating to a “hold” rating and reduced their target price for the stock from C$53.00 to C$52.00 in a report on Tuesday, February 24th. Finally, BMO Capital Markets upped their target price on Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$51.00.

About Winpak

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.