WestRock Co (WRK) : Investors Asset Management Of Georgia Inc Ga Adv reduced its stake in WestRock Co by 0.93% during the most recent quarter end. The investment management company now holds a total of 53,500 shares of WestRock Co which is valued at $2,066,170 after selling 500 shares in WestRock Co , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.WestRock Co makes up approximately 1.70% of Investors Asset Management Of Georgia Inc Ga Adv’s portfolio.
WestRock Co opened for trading at $38.06 and hit $39.01 on the upside on Monday, eventually ending the session at $39.01, with a gain of 1.01% or 0.39 points. The heightened volatility saw the trading volume jump to 13,80,363 shares. Company has a market cap of $9,903 M.
Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in WRK in the latest quarter, The investment management firm added 5,918 additional shares and now holds a total of 31,592 shares of WestRock Co which is valued at $1,220,083. WestRock Co makes up approx 0.34% of Independent Portfolio Consultants’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in WRK in the latest quarter, The investment management firm added 6,309 additional shares and now holds a total of 59,542 shares of WestRock Co which is valued at $2,299,512. WestRock Co makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Capstone Asset Management Co reduced its stake in WRK by selling 3,970 shares or 9.52% in the most recent quarter. The Hedge Fund company now holds 37,725 shares of WRK which is valued at $1,456,940. WestRock Co makes up approx 0.04% of Capstone Asset Management Co’s portfolio.
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 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 Co was Downgraded by BofA/Merrill to ” Neutral” on Jan 25, 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.