Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Smart Money Is Pouring Into WestRock Co (WRK)

Before we spend many hours researching a company, we’d like to analyze what hedge funds and billionaire investors think of the stock first. We would like to do so because the elite investors’ consensus returns have been exceptional. The top 30 S&P 500 stocks among hedge funds at the end of September 2014 yielded an average return of 9.5% during the last 12 months ending in October 30. 63% of these 30 stocks outperformed the market. Although the elite funds occasionally have their duds, such as Micron and Anadarko Petroleum, which fell by 50% and 26% respectively during the same time period, hedge funds’ best picks outperform the market on average. In the following paragraphs, we find out what these billionaire investors and hedge funds think of WestRock Co (NYSE:WRK).

WestRock Co (NYSE:WRK) has seen a major increase in activity from the world’s largest hedge funds recently, with 41 of them adding the stock to their portfolios during the quarter. At the end of this article we will also compare WestRock Co to other stocks including Ingersoll-Rand PLC (NYSE:IR), Parker-Hannifin Corporation (NYSE:PH), and Mohawk Industries, Inc. (NYSE:MHK) to get a better sense of its popularity.

Follow Wrkco Inc. (NYSE:WRK)
Trade (NYSE:WRK) Now!

In the 21st century investor’s toolkit there are several tools shareholders use to assess publicly traded companies. A couple of the less utilized tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the best picks of the top investment managers can trounce the broader indices by a superb margin (see the details here).

Keeping this in mind, we’re going to view the fresh action encompassing WestRock Co (NYSE:WRK).

What have hedge funds been doing with WestRock Co (NYSE:WRK)?

Heading into Q4, a total of 42 of the hedge funds tracked by Insider Monkey were bullish on this stock, all but one of which is a new shareholder. With hedge funds’ capital changing hands, there exists a select group of key hedge fund managers who were upping their stakes meaningfully.

Of the funds tracked by Insider Monkey, Jeffrey Smith’s Starboard Value LP has the most valuable position in WestRock Co (NYSE:WRK), worth close to $316.3 million, accounting for 7.1% of its total 13F portfolio. Sitting in the #2 spot is Larry Robbins of Glenview Capital, with a $225.9 million position; the fund has 1.1% of its 13F portfolio invested in the stock. Some other members of the smart money that hold long positions encompass D E Shaw, Curtis Macnguyen’s Ivory Capital (Investment Mgmt), and Anthony Bozza’s Lakewood Capital Management, all of which were new positions.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.