Ruffer Llp buys $162 Million stake in WestRock Co (WRK)

WestRock Co (WRK) : Ruffer Llp scooped up 262,867 additional shares in WestRock Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 3,807,372 shares of WestRock Co which is valued at $162 Million.WestRock Co makes up approximately 6.56% of Ruffer Llp’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… reduced its stake in WRK by selling 94,805 shares or 72.69% in the most recent quarter. The Hedge Fund company now holds 35,610 shares of WRK which is valued at $1.5 Million. WestRock Co makes up approx 0.02% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.First Trust Advisors Lp reduced its stake in WRK by selling 65,111 shares or 17.39% in the most recent quarter. The Hedge Fund company now holds 309,316 shares of WRK which is valued at $13.2 Million. WestRock Co makes up approx 0.04% of First Trust Advisors Lp’s portfolio.Braun Stacey Associates Inc reduced its stake in WRK by selling 256,517 shares or 96.29% in the most recent quarter. The Hedge Fund company now holds 9,893 shares of WRK which is valued at $404,624. WestRock Co makes up approx 0.03% of Braun Stacey Associates Inc’s portfolio.Tocqueville Asset Management boosted its stake in WRK in the latest quarter, The investment management firm added 1,864 additional shares and now holds a total of 7,912 shares of WestRock Co which is valued at $331,117.

WestRock Co opened for trading at $37.05 and hit $37.92 on the upside on Friday, eventually ending the session at $37.9, with a gain of 2.43% or 0.9 points. The heightened volatility saw the trading volume jump to 17,68,331 shares. Company has a market cap of $9,573,919 M.

On the company’s financial health, WestRock Co reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.52. The company had revenue of $3696.60 million for the quarter, compared to analysts expectations of $3632.71 million. The company’s revenue was down -1.1 % compared to the same quarter last year.

Many Wall Street Analysts have commented on WestRock Co. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 41 from a previous price target of $40 .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.

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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