Zevin Asset Management Lowers stake in WestRock Co (WRK)

WestRock Co (WRK) : Zevin Asset Management reduced its stake in WestRock Co by 0.32% during the most recent quarter end. The investment management company now holds a total of 66,015 shares of WestRock Co which is valued at $2,988,499 after selling 215 shares in WestRock Co , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.WestRock Co makes up approximately 0.80% of Zevin Asset Management’s portfolio.

Other Hedge Funds, Including , Assetmark Inc sold out all of its stake in WRK during the most recent quarter. The investment firm sold 18 shares of WRK which is valued $815.Clear Harbor Asset Management reduced its stake in WRK by selling 4,372 shares or 9.18% in the most recent quarter. The Hedge Fund company now holds 43,247 shares of WRK which is valued at $1,906,328. WestRock Co makes up approx 0.40% of Clear Harbor Asset Management’s portfolio.Smith Asset Management Group Lp boosted its stake in WRK in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 1,530 shares of WestRock Co which is valued at $66,157.Cornerstone Advisors boosted its stake in WRK in the latest quarter, The investment management firm added 42 additional shares and now holds a total of 134 shares of WestRock Co which is valued at $5,794. WestRock Co makes up approx 0.01% of Cornerstone Advisors’s portfolio.

WestRock Co closed down -0.47 points or -1.06% at $44 with 14,37,964 shares getting traded on Monday. Post opening the session at $44.79, the shares hit an intraday low of $43.95 and an intraday high of $44.87 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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