Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Axa S.A.

AXA S.A. decreased its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 67.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,002 shares of the company's stock after selling 43,420 shares during the quarter. AXA S.A.'s holdings in Smurfit Westrock were worth $1,131,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SW. Retirement Wealth Solutions LLC bought a new stake in Smurfit Westrock during the 4th quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after acquiring an additional 279 shares during the period. Deseret Mutual Benefit Administrators purchased a new position in Smurfit Westrock in the 4th quarter worth about $30,000. Spire Wealth Management bought a new position in Smurfit Westrock in the 4th quarter worth about $36,000. Finally, Principal Securities Inc. raised its position in Smurfit Westrock by 49.1% during the 4th quarter. Principal Securities Inc. now owns 695 shares of the company's stock valued at $37,000 after purchasing an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company's stock.

Insider Activity

In other news, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the transaction, the insider now directly owns 44,361 shares of the company's stock, valued at approximately $2,391,057.90. The trade was a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Irial Finan bought 15,180 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the purchase, the director now directly owns 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This trade represents a 38.22% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company's stock.

Smurfit Westrock Trading Up 0.0%

SW stock traded up $0.02 during trading on Thursday, reaching $46.63. 1,536,410 shares of the stock traded hands, compared to its average volume of 4,664,684. The business's 50 day moving average price is $42.76 and its 200-day moving average price is $49.49. The firm has a market capitalization of $24.34 billion, a PE ratio of 84.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. Smurfit Westrock Ltd has a 52-week low of $37.01 and a 52-week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The company's revenue for the quarter was up 161.3% on a year-over-year basis. As a group, sell-side analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company lowered their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Truist Financial decreased their price target on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Barclays cut their target price on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Morgan Stanley cut their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $58.20.

About Smurfit Westrock

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.