Deutsche Bank AG Has $402.30 Million Stock Position in Smurfit Westrock Ltd (NYSE:SW)

Deutsche Bank AG decreased its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,469,269 shares of the company's stock after selling 523,404 shares during the period. Deutsche Bank AG owned about 1.44% of Smurfit Westrock worth $402,295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SW. Barclays PLC acquired a new stake in shares of Smurfit Westrock during the 3rd quarter worth about $171,026,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Smurfit Westrock during the 3rd quarter worth approximately $134,000. Principal Financial Group Inc. purchased a new position in shares of Smurfit Westrock in the 3rd quarter valued at $29,716,000. JPMorgan Chase & Co. purchased a new position in shares of Smurfit Westrock in the 3rd quarter valued at $221,026,000. Finally, Park National Corp OH acquired a new stake in Smurfit Westrock during the 4th quarter worth $291,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Analyst Ratings Changes

SW has been the topic of several recent research reports. Barclays dropped their price objective on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday. Truist Financial lowered their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada dropped their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Morgan Stanley reduced their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Finally, Wells Fargo & Company lowered their price target on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.20.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan acquired 15,180 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average price of $39.21 per share, with a total value of $595,207.80. Following the purchase, the director now owns 54,893 shares of the company's stock, valued at $2,152,354.53. This represents a 38.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ken Bowles sold 24,225 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the sale, the insider now owns 111,458 shares in the company, valued at $6,136,877.48. The trade was a 17.85% decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Stock Up 0.5%

SW stock traded up $0.21 during trading hours on Wednesday, hitting $46.19. The company's stock had a trading volume of 2,133,393 shares, compared to its average volume of 3,773,176. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 12 month low of $37.01 and a 12 month high of $56.99. The stock has a 50 day moving average price of $42.76 and a two-hundred day moving average price of $49.52. The company has a market capitalization of $24.11 billion, a PE ratio of 83.98 and a beta of 1.00.

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

Smurfit Westrock Company Profile

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.