Janus Henderson Group PLC Sells 380,368 Shares of Smurfit Westrock Ltd (NYSE:SW)

Janus Henderson Group PLC decreased its position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 40.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 565,204 shares of the company's stock after selling 380,368 shares during the period. Janus Henderson Group PLC owned 0.11% of Smurfit Westrock worth $30,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Smurfit Westrock by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 78,871,259 shares of the company's stock valued at $4,249,613,000 after acquiring an additional 820,362 shares during the last quarter. Norges Bank purchased a new stake in Smurfit Westrock during the fourth quarter valued at approximately $1,300,041,000. Capital Research Global Investors lifted its position in Smurfit Westrock by 1.8% during the fourth quarter. Capital Research Global Investors now owns 18,439,852 shares of the company's stock valued at $993,170,000 after acquiring an additional 318,806 shares during the last quarter. Geode Capital Management LLC lifted its position in Smurfit Westrock by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 14,328,052 shares of the company's stock valued at $769,977,000 after acquiring an additional 1,594,939 shares during the last quarter. Finally, FIL Ltd lifted its position in Smurfit Westrock by 68.2% during the fourth quarter. FIL Ltd now owns 10,962,433 shares of the company's stock valued at $590,853,000 after acquiring an additional 4,444,704 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company's stock.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $39.21 per share, with a total value of $595,207.80. Following the completion of the acquisition, the director now owns 54,893 shares in the company, valued at $2,152,354.53. This trade represents a 38.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $1,333,828.50. Following the completion of the sale, the insider now directly owns 111,458 shares in the company, valued at approximately $6,136,877.48. The trade was a 17.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Smurfit Westrock Price Performance

NYSE SW opened at $46.42 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The stock's fifty day moving average price is $42.76 and its 200 day moving average price is $49.49. Smurfit Westrock Ltd has a 1 year low of $37.01 and a 1 year high of $56.99. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 84.40 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) 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 firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. The firm's revenue was up 161.3% on a year-over-year basis. As a group, equities research analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on SW. Truist Financial decreased their target price 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. Morgan Stanley decreased their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Wells Fargo & Company decreased 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. Barclays lowered their price objective on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada cut their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Two 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 currently has an average rating of "Moderate Buy" and a consensus target price of $58.20.

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.

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