Shares last traded at $60.76 barely above the 50 day moving average which is $57.86 and slightly over the 200 day moving average of $56.17. The 50 day moving average was up $2.90 and the 200 day average went up by +8.16%. (NYSE:WRK) shares saw light trading volume with 1,214K shares changing hands on Tuesday. Overall, volume was down 49.91% under the stocks normal daily volume.
Traders are more bearish on the company lately if you consider the change in short interest. The stock saw a rise in short interest of 7.44% as of the latest report on September 29, 2017. Short interest increased from 2,594,439 to 2,787,508 over that timeframe. The short-interest ratio decreased to 2.0 and the percentage of shorted shares is 0.01% as of September 29.
Westrock Company (NYSE:WRK) has been the object of insider selling activity recently. John A. Jr Luke, Director reported the sale of 10,343 shares. The shares were sold on October 16th for an average price of $58.83. Luke now owns $29,146,441 of the stock according to the SEC filing. Director John A. Jr Luke disclosed the sale of 10,343 shares of WRK stock. The shares were purchased at an average price of $57.86. The Director now owns $28,665,869 of the stock per the Form 4 SEC filing.
John A. Jr Luke, Director disclosed the sale of 10,343 shares of (WRK). The shares were sold on October 2nd for an average price of $57.37. The Director now owns $28,423,106 of the stock according to the SEC filing.
The following firms have recently changed their position in WRK. As of the end of the quarter Skylands Capital, LLC had disposed of 1,800 shares trimming its position 2.3%. The value in dollars went from $4,397,000 to $4,300,000 decreasing 2.2% quarter to quarter. As of quarter end State Treasurer State Of Michigan had sold a total of 5,400 shares trimming its holdings by 6.5%. The value of the investment in Westrock Company decreased from $4,675,000 to $4,374,000 a change of $301,000 since the last quarter.
As of quarter end Alpha Windward LLC had sold a total of 360 shares trimming its stake by 3.9%. The value of the total investment in Westrock Company went from $529,000 to $509,000 a change of 3.8% quarter over quarter. Robeco Institutional Asset Management B.v. bolstered its holdings by buying 4,108 shares an increase of 8.0% from 06/30/2017 to 09/30/2017. Robeco Institutional Asset Management B.v. now controls 55,602 shares worth $3,153,000. The total value of its holdings increased 8.1%.
July 18 investment analysts at Barclays kept the stock rating at “Equal-Weight” and moved up the price target from $50.00 to $54.00. On August 7 Barclays left the company rating at “Equal-Weight” and raised the price expectation to $58.00 from $54.00.
The company is now unchanged by %% since yesterday’s close of 60.76. Additionally Westrock Company announced a dividend paid on Monday the 21st of August 2017. The dividend payment was $0.400 per share for the quarter or $1.60 on an annualized basis. This dividend amount represented a yield of $2.64. The ex-dividend date was set for Wednesday the 9th of August 2017.
The P/E ratio is currently 36.87 and the market cap of the company is 15.24B. As of the last earnings report the EPS was $1.65 and is projected to be $2.56 for the current year with 250,853,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.85 with next year’s EPS anticipated to be $3.74.
WestRock Company, launched 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 Business’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment consists of its containerboard mill and corrugated packaging operations, as well as its recycling operations. The Consumer Packaging segment consists of consumer mills, folding carton, beverage, merchandising displays, and partition operations. The Land and Development segment is involved in the development and sale of real estate primarily in Charleston, South Carolina..