Westrock Company (WRK) EVP Jennifer Graham-Johnson Sells 3,806 Shares
Westrock Company (NYSE:WRK) EVP Jennifer Graham-Johnson sold 3,806 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $57.08, for a total transaction of $217,246.48. Following the transaction, the executive vice president now owns 41,588 shares in the company, valued at $2,373,843.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Westrock Company (NYSE WRK) traded down 0.26% during trading on Thursday, reaching $57.18. 369,027 shares of the company’s stock were exchanged. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 34.70 and a beta of 1.37. Westrock Company has a 12 month low of $43.79 and a 12 month high of $59.02. The firm’s 50-day moving average price is $57.86 and its 200-day moving average price is $55.12.
Westrock (NYSE:WRK) last announced its earnings results on Thursday, August 3rd. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.10. Westrock had a return on equity of 6.38% and a net margin of 2.92%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the firm posted $0.71 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Westrock Company will post $2.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Friday, August 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Wednesday, August 9th. Westrock’s dividend payout ratio is presently 97.56%.
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Several institutional investors have recently made changes to their positions in WRK. BlackRock Inc. increased its position in shares of Westrock by 3,569.1% during the 1st quarter. BlackRock Inc. now owns 22,418,080 shares of the basic materials company’s stock valued at $1,166,413,000 after purchasing an additional 21,807,090 shares during the last quarter. AJO LP increased its holdings in Westrock by 13,639.1% in the 2nd quarter. AJO LP now owns 2,782,160 shares of the basic materials company’s stock worth $157,637,000 after acquiring an additional 2,761,910 shares during the last quarter. AQR Capital Management LLC increased its holdings in Westrock by 450.1% in the 1st quarter. AQR Capital Management LLC now owns 2,486,279 shares of the basic materials company’s stock worth $129,362,000 after acquiring an additional 2,034,341 shares during the last quarter. Bank of Montreal Can increased its holdings in Westrock by 262.9% in the 2nd quarter. Bank of Montreal Can now owns 2,547,693 shares of the basic materials company’s stock worth $144,353,000 after acquiring an additional 1,845,658 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in Westrock by 327.5% in the 2nd quarter. Prudential Financial Inc. now owns 1,998,206 shares of the basic materials company’s stock worth $113,218,000 after acquiring an additional 1,530,797 shares during the last quarter. 88.63% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on WRK. Barclays PLC boosted their target price on shares of Westrock from $52.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Westrock from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and set a $68.00 target price on shares of Westrock in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) upgraded shares of Westrock from a “buy” rating to a “conviction-buy” rating in a report on Thursday, July 13th. Finally, BidaskClub downgraded shares of Westrock from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Westrock presently has an average rating of “Buy” and an average target price of $63.44.
Westrock Company Profile
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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