Olstein Capital Management adds WestRock Co (WRK) to its portfolio

WestRock Co (WRK) : Olstein Capital Management added new position in WestRock Co during the most recent quarter end. The investment management firm now holds 399,500 shares of WestRock Co which is valued at $17,002,720 , the company said in a statement filed on May 9, 2016 with the SEC.WestRock Co makes up approximately 2.37% of Olstein Capital Management’s portfolio.

Other Hedge Funds, Including , Nine Chapters Capital Management added WRK to its portfolio by purchasing 35,100 company shares during the most recent quarter which is valued at $1,493,856. WestRock Co makes up approx 0.13% of Nine Chapters Capital Management’s portfolio. Smith Asset Management Group Lp added WRK to its portfolio by purchasing 1,320 company shares during the most recent quarter which is valued at $53,988. Three Peaks Capital Management sold out all of its stake in WRK during the most recent quarter. The investment firm sold 100,619 shares of WRK which is valued $4,115,317.World Asset Management Inc reduced its stake in WRK by selling 2,884 shares or 10.51% in the most recent quarter. The Hedge Fund company now holds 24,546 shares of WRK which is valued at $1,027,250. WestRock Co makes up approx 0.04% of World Asset Management Inc’s portfolio.Buckhead Capital Management boosted its stake in WRK in the latest quarter, The investment management firm added 7,348 additional shares and now holds a total of 143,071 shares of WestRock Co which is valued at $5,987,521. WestRock Co makes up approx 1.10% of Buckhead Capital Management’s portfolio.

WestRock Co opened for trading at $42.45 and hit $42.89 on the upside on Friday, eventually ending the session at $42.56, with a gain of 0.12% or 0.05 points. The heightened volatility saw the trading volume jump to 21,53,541 shares. Company has a market cap of $10,751 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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