Melqart Asset Management UK Ltd Sells 443,024 Shares of Smurfit Westrock Ltd (NYSE:SW)

Melqart Asset Management UK Ltd decreased its stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 61.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 278,712 shares of the company's stock after selling 443,024 shares during the quarter. Smurfit Westrock accounts for about 1.8% of Melqart Asset Management UK Ltd's investment portfolio, making the stock its 17th biggest position. Melqart Asset Management UK Ltd owned about 0.05% of Smurfit Westrock worth $15,011,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SW shares. Truist Financial dropped 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. Royal Bank of Canada set a $57.00 target price on shares of Smurfit Westrock 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 on the stock in a research report on Tuesday, March 11th. 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. Finally, Wells Fargo & Company lowered their target price on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $58.70.

Smurfit Westrock Trading Down 3.5 %

Smurfit Westrock stock traded down $1.48 during trading hours on Thursday, reaching $40.54. 2,988,896 shares of the company's stock traded hands, compared to its average volume of 4,718,620. Smurfit Westrock Ltd has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The firm's 50 day moving average is $44.38 and its 200-day moving average is $49.69. 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 firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 73.71 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. On average, analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Insider Activity at Smurfit Westrock

In related news, insider Ken Bowles sold 24,225 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 of the company's stock, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 44,361 shares in the company, valued at approximately $2,391,057.90. The trade was a 8.27 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.