Hsbc Holdings PLC Raises Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Hsbc Holdings PLC boosted its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 43.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 505,215 shares of the company's stock after purchasing an additional 152,262 shares during the quarter. Hsbc Holdings PLC owned about 0.10% of Smurfit Westrock worth $27,221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $1,300,041,000. Boston Partners purchased a new stake in shares of Smurfit Westrock during the 4th quarter valued at about $304,377,000. Victory Capital Management Inc. raised its holdings in shares of 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 valued at $295,750,000 after purchasing an additional 5,370,587 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Smurfit Westrock during the third quarter valued at approximately $221,026,000. Finally, FIL Ltd boosted 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 worth $590,853,000 after purchasing an additional 4,444,704 shares during the last quarter. Institutional investors own 83.38% of the company's stock.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the 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 sale, the insider now owns 44,361 shares of the company's stock, valued at approximately $2,391,057.90. This trade represents a 8.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the 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 sale, the insider now directly owns 111,458 shares of the company's stock, 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. Company insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank of Canada set a $57.00 price objective on Smurfit Westrock in a report on Tuesday, April 22nd. 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 report on Tuesday, April 8th. Citigroup lifted their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Morgan Stanley decreased 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 note on Tuesday, March 11th. Finally, Truist Financial dropped their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.70.

Smurfit Westrock Price Performance

Shares of NYSE:SW traded up $0.97 on Friday, reaching $41.44. The company's stock had a trading volume of 954,413 shares, compared to its average volume of 4,700,614. 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 Ltd has a 52-week low of $37.01 and a 52-week high of $56.99. The company has a 50-day simple moving average of $44.11 and a 200 day simple moving average of $49.65. The company has a market cap of $21.63 billion, a P/E ratio of 75.31 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly 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. 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 the consensus estimate of $7.41 billion. Smurfit Westrock's quarterly revenue was up 161.3% on a year-over-year basis. As a group, equities research analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock 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.