WestRock Co (NYSE:WRK) CEO Steven C. Voorhees sold 49,267 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $65.00, for a total value of $3,202,355.00. Following the sale, the chief executive officer now directly owns 700,051 shares in the company, valued at $45,503,315. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of WestRock Co (NYSE WRK) opened at $66.32 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.74. WestRock Co has a 1-year low of $49.23 and a 1-year high of $71.55. The company has a market capitalization of $16,890.00 and a P/E ratio of 9.74.
WestRock (NYSE:WRK) last issued its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.75 by $0.12. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the company earned $0.47 earnings per share. WestRock’s quarterly revenue was up 13.0% compared to the same quarter last year. equities research analysts anticipate that WestRock Co will post 3.95 EPS for the current year.
Several research firms recently commented on WRK. Deutsche Bank set a $78.00 target price on WestRock and gave the stock a “buy” rating in a report on Tuesday, January 30th. Barclays raised their target price on WestRock from $60.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Citigroup raised their target price on WestRock from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Stephens set a $74.00 target price on WestRock and gave the stock a “hold” rating in a report on Monday, January 29th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $77.00 target price on shares of WestRock in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. WestRock presently has a consensus rating of “Buy” and a consensus target price of $74.25.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Salem Investment Counselors Inc. grew its holdings in WestRock by 1.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 88,630 shares of the basic materials company’s stock valued at $5,602,000 after purchasing an additional 884 shares during the period. Alpha Omega Wealth Management LLC grew its holdings in WestRock by 1.6% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 56,853 shares of the basic materials company’s stock valued at $3,594,000 after purchasing an additional 911 shares during the period. Tocqueville Asset Management L.P. lifted its position in shares of WestRock by 21.8% in the third quarter. Tocqueville Asset Management L.P. now owns 5,310 shares of the basic materials company’s stock valued at $301,000 after acquiring an additional 951 shares in the last quarter. First Allied Advisory Services Inc. lifted its position in shares of WestRock by 21.8% in the fourth quarter. First Allied Advisory Services Inc. now owns 5,484 shares of the basic materials company’s stock valued at $345,000 after acquiring an additional 983 shares in the last quarter. Finally, AMP Capital Investors Ltd lifted its position in shares of WestRock by 1.1% in the fourth quarter. AMP Capital Investors Ltd now owns 98,042 shares of the basic materials company’s stock valued at $6,197,000 after acquiring an additional 1,066 shares in the last quarter. 86.98% of the stock is currently owned by institutional investors.
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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