Westrock Co (NYSE:WRK) Director Currey M. Russell acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was acquired at an average price of $37.50 per share, with a total value of $187,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
WRK stock opened at $37.72 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.84. Westrock Co has a 52-week low of $35.20 and a 52-week high of $67.96. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 1.69 and a beta of 1.66.
Westrock (NYSE:WRK) last released its quarterly earnings results on Thursday, January 31st. The basic materials company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. Westrock had a net margin of 5.44% and a return on equity of 9.12%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.58 billion. As a group, equities analysts anticipate that Westrock Co will post 4.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, February 25th. Shareholders of record on Friday, February 15th were issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Thursday, February 14th. Westrock’s dividend payout ratio (DPR) is 44.50%.
A number of hedge funds have recently added to or reduced their stakes in the business. Capital World Investors boosted its holdings in Westrock by 3.9% during the third quarter. Capital World Investors now owns 25,380,354 shares of the basic materials company’s stock valued at $1,356,326,000 after acquiring an additional 949,500 shares during the period. BlackRock Inc. boosted its holdings in Westrock by 12.3% during the fourth quarter. BlackRock Inc. now owns 22,410,471 shares of the basic materials company’s stock valued at $846,221,000 after acquiring an additional 2,445,795 shares during the period. American Century Companies Inc. boosted its holdings in Westrock by 11.4% during the fourth quarter. American Century Companies Inc. now owns 6,378,609 shares of the basic materials company’s stock valued at $240,856,000 after acquiring an additional 652,024 shares during the period. LSV Asset Management boosted its holdings in Westrock by 333.2% during the fourth quarter. LSV Asset Management now owns 5,851,396 shares of the basic materials company’s stock valued at $220,948,000 after acquiring an additional 4,500,770 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Westrock by 4,262.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,767,164 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 3,680,813 shares during the period. Institutional investors own 85.16% of the company’s stock.
A number of equities research analysts recently issued reports on WRK shares. Citigroup cut shares of Westrock from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $52.00 to $42.00 in a report on Monday, January 7th. Bank of America cut shares of Westrock from a “buy” rating to a “neutral” rating in a report on Monday, December 17th. Goldman Sachs Group cut shares of Westrock from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $57.00 to $54.00 in a report on Monday, December 10th. KeyCorp reiterated a “hold” rating on shares of Westrock in a report on Thursday, December 20th. Finally, ValuEngine cut shares of Westrock from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $54.33.
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Westrock Company Profile
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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