Evercore Wealth Management buys $19,382,410 stake in WestRock Co (WRK)

WestRock Co (WRK) : Evercore Wealth Management scooped up 37,357 additional shares in WestRock Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 462,036 shares of WestRock Co which is valued at $19,382,410.WestRock Co makes up approximately 0.84% of Evercore Wealth Management’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in WRK by selling 1,100 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 113,073 shares of WRK which is valued at $4,743,412. WestRock Co makes up approx 0.02% of Aberdeen Asset Management Plcuk’s portfolio.American Century Companies Inc boosted its stake in WRK in the latest quarter, The investment management firm added 2,263,409 additional shares and now holds a total of 4,856,190 shares of WestRock Co which is valued at $209,981,656. WestRock Co makes up approx 0.23% of American Century Companies Inc’s portfolio.Telemus Capital boosted its stake in WRK in the latest quarter, The investment management firm added 14,252 additional shares and now holds a total of 76,202 shares of WestRock Co which is valued at $3,320,883. WestRock Co makes up approx 0.38% of Telemus Capital’s portfolio.

WestRock Co opened for trading at $42.43 and hit $44.99 on the upside on Thursday, eventually ending the session at $43.72, with a gain of 4.22% or 1.77 points. The heightened volatility saw the trading volume jump to 38,75,962 shares. Company has a market cap of $11,044 M.

On the company’s financial health, WestRock Co reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.66. The company had revenue of $3596.50 million for the quarter, compared to analysts expectations of $3698.46 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.15 EPS.

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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