John A. Luke, Jr. Sells 20,603 Shares of Westrock Co (NYSE:WRK) Stock

Share on StockTwits

Westrock Co (NYSE:WRK) Director John A. Luke, Jr. sold 20,603 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $38.68, for a total value of $796,924.04.

Shares of WRK stock traded up $1.16 on Friday, reaching $36.57. The stock had a trading volume of 3,067,471 shares, compared to its average volume of 2,514,612. The stock has a market cap of $8.74 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 2.23 and a beta of 1.62. Westrock Co has a 1 year low of $31.94 and a 1 year high of $48.55. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.87 and a current ratio of 1.45. The company has a 50 day simple moving average of $35.23 and a 200 day simple moving average of $36.17.

Westrock (NYSE:WRK) last announced its earnings results on Thursday, August 1st. The basic materials company reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.09. Westrock had a return on equity of 8.97% and a net margin of 4.65%. The company had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.83 billion. During the same period last year, the firm earned $1.09 EPS. Westrock’s revenue for the quarter was up 16.3% compared to the same quarter last year. On average, equities research analysts anticipate that Westrock Co will post 3.93 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of WRK. CSat Investment Advisory L.P. raised its holdings in Westrock by 60.0% during the first quarter. CSat Investment Advisory L.P. now owns 795 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 298 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Westrock by 47.6% during the second quarter. Rockefeller Capital Management L.P. now owns 1,042 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 336 shares during the period. Signaturefd LLC raised its holdings in Westrock by 154.1% during the second quarter. Signaturefd LLC now owns 1,080 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 655 shares during the period. Phocas Financial Corp. bought a new stake in Westrock during the second quarter valued at about $40,000. Finally, SRS Capital Advisors Inc. bought a new stake in Westrock during the second quarter valued at about $48,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on the company. Zacks Investment Research raised Westrock from a “strong sell” rating to a “hold” rating and set a $30.00 price target for the company in a research report on Thursday, August 8th. UBS Group set a $44.00 target price on Westrock and gave the stock a “buy” rating in a research report on Monday, June 24th. KeyCorp reissued a “sell” rating and issued a $32.00 target price on shares of Westrock in a research report on Monday, September 23rd. Finally, ValuEngine downgraded Westrock from a “hold” rating to a “sell” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.11.

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.

Further Reading: What does the Dogs of the Dow mean?

Receive News & Ratings for Westrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westrock and related companies with MarketBeat.com's FREE daily email newsletter.