Westrock Company (NYSE:WRK) Director John A. Luke, Jr. sold 10,343 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $57.86, for a total value of $598,445.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Westrock Company (NYSE WRK) traded up 0.58% during trading on Tuesday, hitting $58.88. The company had a trading volume of 292,892 shares. Westrock Company has a 1-year low of $43.79 and a 1-year high of $59.02. The stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 35.73 and a beta of 1.36. The company’s 50 day moving average price is $57.30 and its 200-day moving average price is $57.30.
Westrock (NYSE:WRK) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the company earned $0.71 EPS. Westrock’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts expect that Westrock Company will post $2.58 EPS for the current year.
Several research firms have recently weighed in on WRK. Deutsche Bank AG restated a “buy” rating and set a $65.00 price target (up from $61.00) on shares of Westrock in a report on Monday. Royal Bank Of Canada restated a “buy” rating and set a $65.00 price target on shares of Westrock in a report on Monday, September 25th. BidaskClub upgraded Westrock from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Barclays PLC boosted their price target on Westrock from $54.00 to $58.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Finally, Jefferies Group LLC restated a “buy” rating and set a $69.00 price target on shares of Westrock in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Westrock currently has an average rating of “Buy” and a consensus price target of $64.33.
A number of institutional investors and hedge funds have recently bought and sold shares of WRK. BlackRock Inc. grew its position in Westrock by 3,569.1% during the 1st quarter. BlackRock Inc. now owns 22,418,080 shares of the basic materials company’s stock worth $1,166,413,000 after acquiring an additional 21,807,090 shares during the last quarter. AJO LP grew its position in shares of 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 buying an additional 2,761,910 shares during the last quarter. AQR Capital Management LLC grew its position in shares of 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 buying an additional 2,034,341 shares during the last quarter. Bank of Montreal Can grew its position in shares of 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 buying an additional 1,845,658 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of 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 buying an additional 1,530,797 shares during the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.
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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