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WestRock (NYSE:WRK - Get Rating) Director James E. Nevels sold 2,483 shares of the firm's stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $42.36, for a total value of $105,179.88. Following the transaction, the director now owns 14,326 shares of the company's stock, valued at $606,849.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. WestRock Trading Down 1.5 %
WRK stock traded down $0.66 during trading on Friday, reaching $41.95. 9,223 shares of the stock traded hands, compared to its average volume of 1,469,095. The business's 50 day moving average price is $41.08 and its 200-day moving average price is $45.21. WestRock has a 52-week low of $38.28 and a 52-week high of $54.78. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.46 and a quick ratio of 0.90. The firm has a market capitalization of $10.69 billion, a PE ratio of 11.99, a P/E/G ratio of 0.47 and a beta of 1.04.
WestRock (NYSE:WRK - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The basic materials company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.05. WestRock had a return on equity of 10.42% and a net margin of 4.41%. The firm had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. The firm's quarterly revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts forecast that WestRock will post 4.8 earnings per share for the current year.
WestRock announced that its Board of Directors has authorized a stock buyback program on Thursday, May 5th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued. WestRock Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Friday, August 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, August 11th. WestRock's payout ratio is 28.57%. Institutional Investors Weigh In On WestRock
Institutional investors and hedge funds have recently modified their holdings of the stock. Greenleaf Trust boosted its holdings in WestRock by 2.6% in the first quarter. Greenleaf Trust now owns 8,661 shares of the basic materials company's stock valued at $407,000 after purchasing an additional 221 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in WestRock by 0.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 35,255 shares of the basic materials company's stock valued at $1,564,000 after purchasing an additional 229 shares during the last quarter. CWM LLC boosted its holdings in WestRock by 26.2% in the first quarter. CWM LLC now owns 1,140 shares of the basic materials company's stock valued at $54,000 after purchasing an additional 237 shares during the last quarter. Pflug Koory LLC boosted its holdings in WestRock by 6.7% in the first quarter. Pflug Koory LLC now owns 3,863 shares of the basic materials company's stock valued at $182,000 after purchasing an additional 244 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in WestRock by 22.9% in the first quarter. Signaturefd LLC now owns 1,332 shares of the basic materials company's stock valued at $63,000 after purchasing an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 84.42% of the company's stock. Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on WRK shares. StockNews.com lowered WestRock from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 18th. Deutsche Bank Aktiengesellschaft cut their price target on WestRock from $59.00 to $45.00 in a research report on Tuesday, July 19th. KeyCorp lowered their target price on WestRock from $44.00 to $36.00 and set an "underweight" rating on the stock in a research note on Friday, July 1st. TheStreet upgraded WestRock from a "c+" rating to a "b-" rating in a research note on Wednesday, August 10th. Finally, Wells Fargo & Company decreased their target price on WestRock from $66.00 to $59.00 and set an "overweight" rating on the stock in a research report on Thursday, May 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $49.00.WestRock Company Profile (Get Rating)
WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through two segments, Corrugated Packaging and Consumer Packaging. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers.Featured ArticlesGet a free copy of the StockNews.com research report on WestRock (WRK)Near-Term Headwinds Present An Opportunity In Ross StoresApple’s Stock Could Be On The Verge Of Another 30% RallyIs Sanofi A Buy, Despite Recent Stumbles? Institutional Support For TJX Companies May Cap GainsIf You Hate Speed Cameras, Then You’ll Like Verra Mobility Stock
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