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

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

Winpak Stock Performance

Shares of TSE:WPK opened at C$40.60 on Tuesday. The business’s fifty day moving average price is C$44.28 and its two-hundred day moving average price is C$44.74. The stock has a market cap of C$2.38 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 4.44 and a beta of 0.57. Winpak Ltd. has a one year low of C$38.95 and a one year high of C$52.24.

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 return on equity of 10.32% and a net margin of 11.93%.The company had revenue of C$389.30 million during the quarter. As a group, equities research analysts predict that Winpak Ltd. will post 3.5432473 earnings per share for the current fiscal year.

Winpak Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, April 10th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. Winpak’s dividend payout ratio is presently 6.53%.

Analysts Set New Price Targets

WPK has been the subject of several analyst reports. BMO Capital Markets boosted their price target on Winpak from C$47.00 to C$52.00 and gave the company a “market perform” rating in a report on Tuesday, February 24th. National Bank Financial raised their price objective on Winpak from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th. Finally, Canadian Imperial Bank of Commerce downgraded Winpak from an “outperform” rating to a “hold” rating and lowered their price objective for the company from C$53.00 to C$52.00 in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.