WestRock (WRK) #Trading Down 5.4% on #Insider #Selling

WestRock Co (NYSE:WRK) shares traded down 5.4% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $60.89 and last traded at $60.93. 2,331,512 shares were traded during trading, an increase of 3% from the average session volume of 2,254,730 shares. The stock had previously closed at $64.42.

Specifically, EVP Jennifer Graham-Johnson sold 7,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $59.23, for a total value of $456,071.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John A. Luke, Jr. sold 124,621 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $65.34, for a total value of $8,142,736.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 249,624 shares of company stock worth $15,897,888. Corporate insiders own 2.68% of the company’s stock.

Several research analysts have recently commented on the company. ValuEngine raised WestRock from a “hold” rating to a “buy” rating in a report on Friday. Deutsche Bank set a $78.00 target price on WestRock and gave the stock a “buy” rating in a report on Tuesday, January 30th. Citigroup boosted 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 reissued a “buy” rating and issued a $77.00 target price on shares of WestRock in a report on Thursday, January 25th. Four 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. The company presently has an average rating of “Buy” and an average price target of $73.92.

The company has a quick ratio of 0.74, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a market cap of $15,880.00 and a price-to-earnings ratio of 9.13.
WestRock (NYSE:WRK) last posted its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the prior year, the business earned $0.47 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. analysts forecast that WestRock Co will post 3.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Friday, February 16th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, February 15th. WestRock’s dividend payout ratio is 25.18%.

A number of large investors have recently bought and sold shares of WRK. American Century Companies Inc. lifted its holdings in WestRock by 32.6% during the 4th quarter. American Century Companies Inc. now owns 4,631,286 shares of the basic materials company’s stock worth $292,744,000 after buying an additional 1,138,884 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of WestRock by 2,916.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,024,046 shares of the basic materials company’s stock valued at $58,023,000 after purchasing an additional 990,097 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of WestRock in the 3rd quarter valued at $51,740,000. Alps Advisors Inc. acquired a new position in shares of WestRock in the 4th quarter valued at $47,018,000. Finally, Investec Asset Management LTD lifted its stake in shares of WestRock by 31.8% in the 3rd quarter. Investec Asset Management LTD now owns 2,063,933 shares of the basic materials company’s stock valued at $117,087,000 after purchasing an additional 497,746 shares during the period. 87.51% of the stock is currently owned by hedge funds and other institutional investors.

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