Smurfit Westrock Ltd (NYSE:SW) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 653,485 shares of the company's stock after selling 52,935 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.13% of Smurfit Westrock worth $35,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SW. Norges Bank purchased a new stake in Smurfit Westrock during the fourth quarter worth $1,300,041,000. Boston Partners acquired a new position in Smurfit Westrock in the 4th quarter worth about $304,377,000. Victory Capital Management Inc. boosted its position in Smurfit Westrock by 4,456.7% during the fourth quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company's stock worth $295,750,000 after purchasing an additional 5,370,587 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $221,026,000. Finally, FIL Ltd grew its holdings in Smurfit Westrock by 68.2% in the fourth quarter. FIL Ltd now owns 10,962,433 shares of the company's stock valued at $590,853,000 after purchasing an additional 4,444,704 shares during the period. Institutional investors and hedge funds own 83.38% of the company's stock.

Smurfit Westrock Price Performance

SW traded up $0.03 during trading on Wednesday, reaching $46.01. The company's stock had a trading volume of 1,944,922 shares, compared to its average volume of 4,665,325. The company has a market cap of $24.02 billion, a price-to-earnings ratio of 83.66 and a beta of 1.00. The firm has a fifty day simple moving average of $42.76 and a two-hundred day simple moving average of $49.52. Smurfit Westrock Ltd has a 1 year low of $37.01 and a 1 year high of $56.99. 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 (NYSE:SW - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The business's revenue for the quarter was up 161.3% compared to the same quarter last year. As a group, analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SW shares. Wells Fargo & Company decreased their target price on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley dropped their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Truist Financial reduced their price target on shares of 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 lowered their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Barclays cut their price objective on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $58.20.

Insider Activity

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the company's stock in a transaction on Monday, February 24th. The stock was 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 in the company, valued at $2,391,057.90. This represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 111,458 shares of the company's stock, valued at $6,136,877.48. This trade represents a 17.85% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

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.