WestRock Co (WRK) Insider Sells $3,178,387.05 in Stock
WestRock Co (NYSE:WRK) insider Robert A. Feeser sold 67,755 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $46.91, for a total transaction of $3,178,387.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of WRK opened at $46.51 on Thursday. WestRock Co has a 12 month low of $39.21 and a 12 month high of $71.55. The company has a market cap of $12.02 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.67 and a beta of 1.61. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49.
WestRock (NYSE:WRK) last announced its earnings results on Monday, November 5th. The basic materials company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.05. WestRock had a net margin of 11.70% and a return on equity of 9.26%. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period last year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts predict that WestRock Co will post 4.58 EPS for the current year.
Several research firms have weighed in on WRK. Zacks Investment Research reissued a “hold” rating on shares of WestRock in a report on Saturday, November 17th. Citigroup lowered their price target on shares of WestRock from $75.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, October 11th. TheStreet cut shares of WestRock from a “b-” rating to a “c” rating in a report on Friday, October 26th. Barclays lowered their price target on shares of WestRock from $64.00 to $62.00 and set an “equal weight” rating on the stock in a report on Thursday, August 9th. Finally, Deutsche Bank set a $58.00 target price on shares of WestRock and gave the stock a “buy” rating in a report on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $64.50.
Several institutional investors and hedge funds have recently made changes to their positions in WRK. CIBC World Markets Inc. increased its stake in WestRock by 9.4% in the second quarter. CIBC World Markets Inc. now owns 10,969 shares of the basic materials company’s stock valued at $625,000 after acquiring an additional 940 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in WestRock by 1.9% in the second quarter. Clear Harbor Asset Management LLC now owns 52,032 shares of the basic materials company’s stock valued at $2,967,000 after acquiring an additional 990 shares during the last quarter. Greenleaf Trust increased its stake in WestRock by 24.9% in the second quarter. Greenleaf Trust now owns 5,309 shares of the basic materials company’s stock valued at $303,000 after acquiring an additional 1,059 shares during the last quarter. Standard Life Aberdeen plc increased its stake in WestRock by 0.4% in the third quarter. Standard Life Aberdeen plc now owns 314,894 shares of the basic materials company’s stock valued at $16,830,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Commerce Bank increased its stake in WestRock by 31.6% in the third quarter. Commerce Bank now owns 4,810 shares of the basic materials company’s stock valued at $258,000 after acquiring an additional 1,156 shares during the last quarter. 83.98% of the stock is currently owned by institutional investors.
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WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.
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