Patten Patten Inctn buys $55,725,764 stake in WestRock Co (WRK)

WestRock Co (WRK) : Patten Patten Inctn scooped up 37,804 additional shares in WestRock Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 1,442,925 shares of WestRock Co which is valued at $55,725,764.WestRock Co makes up approximately 7.89% of Patten Patten Inctn’s portfolio.

WestRock Co closed down -0.14 points or -0.35% at $39.41 with 16,47,061 shares getting traded on Wednesday. Post opening the session at $39.41, the shares hit an intraday low of $39.35 and an intraday high of $40.18 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Horizon Kinetics reduced its stake in WRK by selling 300 shares or 3.21% in the most recent quarter. The Hedge Fund company now holds 9,060 shares of WRK which is valued at $349,897. WestRock Co makes up approx 0.01% of Horizon Kinetics’s portfolio.Skylands Capital reduced its stake in WRK by selling 80,150 shares or 54.32% in the most recent quarter. The Hedge Fund company now holds 67,400 shares of WRK which is valued at $2,602,988. WestRock Co makes up approx 0.41% of Skylands Capital’s portfolio.Central Trust Co boosted its stake in WRK in the latest quarter, The investment management firm added 2,227 additional shares and now holds a total of 8,697 shares of WestRock Co which is valued at $335,878. WestRock Co makes up approx 0.03% of Central Trust Co’s portfolio.Salem Capital Management Inc boosted its stake in WRK in the latest quarter, The investment management firm added 16,700 additional shares and now holds a total of 65,359 shares of WestRock Co which is valued at $2,524,165. WestRock Co makes up approx 1.39% of Salem Capital Management Inc’s portfolio.Creative Planning reduced its stake in WRK by selling 227 shares or 1.91% in the most recent quarter. The Hedge Fund company now holds 11,674 shares of WRK which is valued at $434,623.

On the company’s financial health, WestRock Co reported $0.93 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 4, 2015. Analyst had a consensus of $0.95. The company had revenue of $3872.60 million for the quarter, compared to analysts expectations of $4019.74 million. The company’s revenue was up 48.5% compared to the same quarter last year.

Many Wall Street Analysts have commented on WestRock Co. WestRock Co was Downgraded by Dundee to ” Neutral” on Apr 20, 2016. WestRock Co was Downgraded by Wells Fargo to ” Market Perform” on Apr 8, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 2, 2016 to “Sector Perform” and Lowered the Price Target to $ 40 from a previous price target of $47 .

WestRock Company formerly Rome-Milan Holdings Inc. is a packaging company. The Company provides paper and packaging solutions in consumer and corrugated markets. The Company includes customers across the world from around 275 operating and business locations spanning North America South America Europe and Asia-Pacific. The Company’s products and services include consumer packaging corrugated packaging merchandising displays containerboard kraft paper pulp paperboard recycling and waste solutions and specialty paperboard. The Company’s consumer packaging includes the manufacturing of folding cartons and production of coated paperboard and serves markets such as printing and converting solid bleached sulfate and coated recycled board. Its corrugated packaging is engaged in the manufacturing of containerboard containers pre-print and microflute packaging retail displays and automated packaging systems. Rock-Tenn Company is a subsidiary of WestRock Co.

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