Telemus Capital buys $3,697,836 stake in WestRock Co (WRK)

WestRock Co (WRK) : Telemus Capital scooped up 3,253 additional shares in WestRock Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 79,455 shares of WestRock Co which is valued at $3,697,836.WestRock Co makes up approximately 0.41% of Telemus Capital’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in WRK in the latest quarter, The investment management firm added 7,966 additional shares and now holds a total of 48,504 shares of WestRock Co which is valued at $2,257,376. WestRock Co makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Kempner Capital Management reduced its stake in WRK by selling 3,900 shares or 3.68% in the most recent quarter. The Hedge Fund company now holds 101,985 shares of WRK which is valued at $4,746,382. WestRock Co makes up approx 3.26% of Kempner Capital Management’s portfolio.

WestRock Co closed down -0.34 points or -0.71% at $47.87 with 9,41,630 shares getting traded on Tuesday. Post opening the session at $48.61, the shares hit an intraday low of $47.74 and an intraday high of $48.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Goldman Initiated WestRock Co on Sep 22, 2016 to “Neutral”, Price Target of the shares are set at $53.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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