Fullcircle Wealth LLC purchased a new position in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,462 shares of the company's stock, valued at approximately $681,000.
A number of other institutional investors have also recently bought and sold shares of the company. Barclays PLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth $171,026,000. Wilmington Savings Fund Society FSB acquired a new position in Smurfit Westrock during the third quarter worth $134,000. Principal Financial Group Inc. bought a new position in Smurfit Westrock during the third quarter valued at about $29,716,000. JPMorgan Chase & Co. bought a new stake in shares of Smurfit Westrock during the 3rd quarter worth about $221,026,000. Finally, Versant Capital Management Inc acquired a new position in shares of Smurfit Westrock during the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 83.38% of the company's stock.
Wall Street Analyst Weigh In
SW has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on 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 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. Truist Financial cut their price target 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, Morgan Stanley lowered their price objective on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Smurfit Westrock has a consensus rating of "Moderate Buy" and a consensus price target of $58.60.
Check Out Our Latest Report on Smurfit Westrock
Insider Buying and Selling at Smurfit Westrock
In related news, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction 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. This represents a 17.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 cost of $39.21 per share, for a total transaction of $595,207.80. Following the purchase, the director now directly owns 54,893 shares in the company, valued at $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 Price Performance
Smurfit Westrock stock traded up $0.20 on Friday, reaching $41.90. The company's stock had a trading volume of 3,304,411 shares, compared to its average volume of 4,675,602. Smurfit Westrock Ltd has a twelve month low of $37.01 and a twelve month high of $56.99. The company has a market cap of $21.87 billion, a price-to-earnings ratio of 76.18 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. The business's fifty day moving average price is $42.84 and its 200 day moving average price is $49.52.
Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The business's quarterly revenue was up 161.3% on a year-over-year basis. Equities analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.
About Smurfit Westrock
(
Free Report)
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.
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