DoubleLine ETF Adviser LP Buys Shares of 54,741 Smurfit Westrock Ltd (NYSE:SW)

DoubleLine ETF Adviser LP purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 54,741 shares of the company's stock, valued at approximately $2,948,000.

Other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $25,000. Versant Capital Management Inc acquired a new stake in shares of Smurfit Westrock during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 last quarter. Deseret Mutual Benefit Administrators bought a new stake in shares of Smurfit Westrock during the 4th quarter worth $30,000. Finally, Spire Wealth Management purchased a new position in Smurfit Westrock in the 4th quarter worth about $36,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock traded down $1.67 during trading on Monday, reaching $39.61. The company's stock had a trading volume of 2,784,486 shares, compared to its average volume of 4,697,745. The business's fifty day moving average price is $43.87 and its 200-day moving average price is $49.70. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of 72.01 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating 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 company had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock's quarterly revenue was up 161.3% compared to the same quarter last year. As a group, equities research analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley dropped their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada lowered their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday. Truist Financial cut their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Citigroup boosted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $58.60.

Insiders Place Their Bets

In related news, insider Alvaro Henao sold 4,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the sale, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. This trade represents a 8.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the transaction, the insider now directly owns 111,458 shares of the company's stock, valued at $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

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.