John A. Luke, Jr. Sells 10,343 Shares of WestRock Co (WRK) Stock

WestRock Co (NYSE:WRK) Director John A. Luke, Jr. sold 10,343 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $63.68, for a total value of $658,642.24. Following the completion of the sale, the director now directly owns 497,557 shares in the company, valued at $31,684,429.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

WestRock Co (NYSE WRK) traded up $0.94 during mid-day trading on Friday, hitting $69.20. 1,580,890 shares of the stock traded hands, compared to its average volume of 1,902,133. WestRock Co has a 1 year low of $49.23 and a 1 year high of $69.29. The stock has a market capitalization of $17,640.00 and a price-to-earnings ratio of 24.98. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.57.

WestRock (NYSE:WRK) last announced its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. WestRock had a net margin of 4.77% and a return on equity of 6.73%. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. analysts forecast that WestRock Co will post 3.77 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norinchukin Bank The raised its holdings in WestRock by 0.3% in the 2nd quarter. Norinchukin Bank The now owns 20,926 shares of the basic materials company’s stock worth $1,186,000 after acquiring an additional 54 shares during the last quarter. Keybank National Association OH raised its holdings in WestRock by 0.5% in the 2nd quarter. Keybank National Association OH now owns 22,676 shares of the basic materials company’s stock worth $1,285,000 after acquiring an additional 102 shares during the last quarter. Van ECK Associates Corp raised its holdings in WestRock by 1.8% in the 2nd quarter. Van ECK Associates Corp now owns 6,139 shares of the basic materials company’s stock worth $348,000 after acquiring an additional 108 shares during the last quarter. ETRADE Capital Management LLC raised its holdings in WestRock by 4.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 5,001 shares of the basic materials company’s stock worth $283,000 after acquiring an additional 224 shares during the last quarter. Finally, Raymond James Trust N.A. grew its position in WestRock by 2.8% in the 2nd quarter. Raymond James Trust N.A. now owns 10,706 shares of the basic materials company’s stock worth $607,000 after purchasing an additional 289 shares during the period. Institutional investors own 87.70% of the company’s stock.

WRK has been the topic of several research reports. DA Davidson reaffirmed a “buy” rating and set a $74.00 price objective on shares of WestRock in a research report on Friday, November 3rd. Deutsche Bank set a $70.00 price objective on WestRock and gave the company a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research cut WestRock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Stephens set a $72.00 price objective on WestRock and gave the company a “hold” rating in a research report on Wednesday. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $65.00 price objective on shares of WestRock in a research report on Monday, September 25th. Five 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. The company has an average rating of “Buy” and an average target price of $67.09.

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About WestRock

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.

Insider Buying and Selling by Quarter for WestRock (NYSE:WRK)

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