5 Best Paper Stocks to Buy Now

Atlanta, Georgia-based WestRock was formed in 2015 as a result of the merger of MeadWestvaco and RockTenn. It is now of the biggest packaging and paper companies, with $15 billion in annual revenue. In October 2020, BofA recommended investors to buy WestRock shares, citing a huge demand in ecommerce packaging, especially after the pandemic.

In the fiscal fourth quarter, WestRock posted a non-GAAP EPS of $0.73, above the Street’s estimate by $0.06. Revenue in the quarter came in at $4.47 billion, beating the consensus estimate by $100 million.

Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital is one of the 32 hedge funds tracked by Insider Monkey who reported having stakes in WestRock at the end of the third quarter. The fund owns 2.95 million shares of the company.