Is WestRock Co (WRK) A Good Stock to Buy?

Now, specific money managers were leading the bulls’ herd. Suvretta Capital Management initiated the most outsized position in WestRock Co (NYSE:WRK). Suvretta Capital Management had $46.5 million invested in the company at the end of the quarter. Joel Greenblatt’s Gotham Asset Management also initiated a $30.3 million position during the quarter. The other funds with brand new WRK positions are Mike Masters’ Masters Capital Management, Anand Parekh’s Alyeska Investment Group, and Ken Heebner’s Capital Growth Management.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as WestRock Co (NYSE:WRK) but similarly valued. We will take a look at Mettler-Toledo International Inc. (NYSE:MTD), Total System Services, Inc. (NYSE:TSS), CNH Industrial NV (NYSE:CNHI), and Kansas City Southern (NYSE:KSU). This group of stocks’ market valuations match WRK’s market valuation.

As you can see these stocks had an average of 25.75 hedge funds with bullish positions and the average amount invested in these stocks was $557 million. That figure was $752 million in WRK’s case. Kansas City Southern (NYSE:KSU) is the most popular stock in this table. On the other hand CNH Industrial NV (NYSE:CNHI) is the least popular one with only 15 bullish hedge fund positions. WestRock Co (NYSE:WRK) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard KSU might be a better candidate to consider a long position in.

Disclosure: None