WestRock Co (NYSE: WRK) stock fell -3.22% on Monday to $36.69 against a previous-day closing price of $37.91. With 2.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.91 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $38.01 whereas the lowest price it dropped to was $36.66. The 52-week range on WRK shows that it touched its highest point at $39.30 and its lowest point at $26.84 during that stretch. It currently has a 1-year price target of $40.49. With its current market cap of 9.41 billion, WRK has annualized dividend of $1.12 while the current yield stands at 3.07%. Beta for the stock currently stands at 1.09.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WRK was down-trending over the past week, with a drop of -2.21%, but this was up by 6.91% over a month. Three-month performance surged to 15.92% while six-month performance rose 30.94%. The stock gained 1.63% in the past year, while it has gained 4.35% so far this year. A look at the trailing 12-month EPS for WRK yields -6.46 with Next year EPS estimates of 3.18. For the next quarter, that number is 0.36. This implies an EPS growth rate of -22.00% for this year and 35.06% for next year.
Float and Shares Shorts:
At present, 256.40 million WRK shares are outstanding with a float of 252.74 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.01 million, which was 2.34% higher than short shares on Sep 28, 2023. In addition to Mr. David B. Sewell as the firm’s CEO, President & Director, Mr. Alexander W. Pease serves as its Executive VP & CFO.
Through their ownership of 91.41% of WRK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.40% of WRK, in contrast to 39.01% held by mutual funds. Shares owned by individuals account for 1.99%. As the largest shareholder in WRK with 11.72% of the stake, The Vanguard Group, Inc. holds 30,040,114 shares worth 30,040,114. A second-largest stockholder of WRK, BlackRock Fund Advisors, holds 18,975,527 shares, controlling over 7.40% of the firm’s shares. Greenhaven Associates, Inc. is the third largest shareholder in WRK, holding 13,519,770 shares or 5.27% stake. With a 3.14% stake in WRK, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 8,041,919 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.58% of WRK stock, is the second-largest Mutual Fund holder. It holds 6,609,991 shares valued at 237.5 million. Vanguard 500 Index Fund holds 2.41% of the stake in WRK, owning 6,186,692 shares worth 222.29 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WRK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WRK analysts setting a high price target of $45.00 and a low target of $37.90, the average target price over the next 12 months is $40.49. Based on these targets, WRK could surge 22.65% to reach the target high and rise by 3.3% to reach the target low. Reaching the average price target will result in a growth of 10.36% from current levels.
Summary of Insider Activity:
Insiders traded WRK stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 246,120 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 252,315 while 380,946 shares were sold.