Kovitz Investment Group Partners LLC Sells 47,180 Shares of Smurfit Westrock Ltd (NYSE:SW)

Kovitz Investment Group Partners LLC decreased its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 87.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,582 shares of the company's stock after selling 47,180 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Smurfit Westrock were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SW. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock during the 4th quarter valued at approximately $25,000. Versant Capital Management Inc acquired a new position in shares of Smurfit Westrock during the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after acquiring an additional 279 shares during the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in shares of Smurfit Westrock in the 4th quarter worth about $30,000. Finally, Spire Wealth Management bought a new stake in Smurfit Westrock in the 4th quarter valued at about $36,000. 83.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target 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. Truist Financial cut their target price on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price target on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada cut 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 note on Friday. Finally, Citigroup increased their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research report 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 MarketBeat.com, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.60.

Insiders Place Their Bets

In other news, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value of $1,333,828.50. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction on Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the sale, the insider now directly owns 44,361 shares of the company's stock, valued at $2,391,057.90. This trade represents a 8.27 % 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 Price Performance

Shares of SW traded down $1.67 during mid-day trading on Monday, hitting $39.61. The company's stock had a trading volume of 2,784,486 shares, compared to its average volume of 4,697,745. Smurfit Westrock Ltd has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The stock has a market capitalization of $20.67 billion, a price-to-earnings ratio of 72.01 and a beta of 1.00. The firm has a 50-day moving average price of $43.87 and a 200 day moving average price of $49.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate 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. On average, research analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

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.