Capital Innovations Lowers stake in WestRock Co (WRK)

WestRock Co (WRK) : Capital Innovations reduced its stake in WestRock Co by 60.12% during the most recent quarter end. The investment management company now holds a total of 29,269 shares of WestRock Co which is valued at $1,301,592 after selling 44,132 shares in WestRock Co , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.WestRock Co makes up approximately 3.64% of Capital Innovations’s portfolio.

Other Hedge Funds, Including , Guyasuta Investment Advisors Inc reduced its stake in WRK by selling 1,740 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 271,715 shares of WRK which is valued at $12,083,166. WestRock Co makes up approx 1.57% of Guyasuta Investment Advisors Inc’s portfolio.Blackrock Fund Advisors boosted its stake in WRK in the latest quarter, The investment management firm added 356,000 additional shares and now holds a total of 7,872,136 shares of WestRock Co which is valued at $350,073,888. WestRock Co makes up approx 0.07% of Blackrock Fund Advisors’s portfolio.Cetera Advisors boosted its stake in WRK in the latest quarter, The investment management firm added 9,161 additional shares and now holds a total of 20,326 shares of WestRock Co which is valued at $903,897. WestRock Co makes up approx 0.07% of Cetera Advisors’s portfolio.Buckhead Capital Management reduced its stake in WRK by selling 136 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 142,935 shares of WRK which is valued at $6,290,569. WestRock Co makes up approx 1.11% of Buckhead Capital Management’s portfolio. Atalanta Sosnoff Capital added WRK to its portfolio by purchasing 361,581 company shares during the most recent quarter which is valued at $15,634,762. WestRock Co makes up approx 0.51% of Atalanta Sosnoff Capital’s portfolio.

WestRock Co opened for trading at $47.97 and hit $48.8 on the upside on Monday, eventually ending the session at $48.59, with a gain of 1.12% or 0.54 points. The heightened volatility saw the trading volume jump to 20,31,496 shares. Company has a market cap of $12,220 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.

Many Wall Street Analysts have commented on WestRock Co. Company shares were Reiterated by Barclays on Aug 11, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 45 from a previous price target of $41 .Company shares were Reiterated by Deutsche Bank on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $46 .

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.

Leave a Reply

WestRock Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on WestRock Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.