Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 79.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,054 shares of the company's stock after selling 53,558 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Smurfit Westrock were worth $757,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Retirement Wealth Solutions LLC acquired a new stake in Smurfit Westrock during the fourth quarter worth about $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after purchasing an additional 279 shares during the period. Deseret Mutual Benefit Administrators acquired a new position in shares of Smurfit Westrock during the 4th quarter worth approximately $30,000. Spire Wealth Management purchased a new position in Smurfit Westrock during the fourth quarter valued at $36,000. Finally, Principal Securities Inc. lifted its holdings in Smurfit Westrock by 49.1% in the 4th quarter. Principal Securities Inc. now owns 695 shares of the company's stock valued at $37,000 after purchasing an additional 229 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company's stock.

Smurfit Westrock Stock Performance

Shares of NYSE:SW traded up $1.01 during trading on Tuesday, reaching $46.01. The company had a trading volume of 4,312,098 shares, compared to its average volume of 4,676,459. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of 83.66 and a beta of 1.00. 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 Ltd has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The stock's fifty day moving average price is $42.78 and its 200 day moving average price is $49.54.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $7.66 billion for 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%. Smurfit Westrock's revenue for the quarter was up 161.3% on a year-over-year basis. As a group, equities research analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley reduced 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. 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 dropped their target price on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Barclays lowered their price objective on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada lowered their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock presently has an average rating of "Moderate Buy" and an average target price of $58.20.

Insider Transactions at Smurfit Westrock

In related news, insider Alvaro Henao sold 4,000 shares of the firm's 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 sale, the insider now owns 44,361 shares in the company, valued at approximately $2,391,057.90. This trade represents a 8.27% decrease in their ownership of the stock. 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 Smurfit Westrock 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 $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. Corporate insiders own 0.49% of the company's stock.

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.