MGO One Seven LLC Invests $332,000 in Smurfit Westrock Ltd (NYSE:SW)

MGO One Seven LLC acquired a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,165 shares of the company's stock, valued at approximately $332,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC acquired a new position in shares of Smurfit Westrock in the 4th quarter valued at about $25,000. Versant Capital Management Inc bought a new position in Smurfit Westrock in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of 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 buying an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in Smurfit Westrock in the 4th quarter valued at about $30,000. Finally, Spire Wealth Management acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $36,000. Institutional investors own 83.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company decreased 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. Morgan Stanley reduced their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Citigroup lifted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Truist Financial decreased their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Royal Bank of Canada reduced their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $58.60.

Insider Buying and Selling at Smurfit Westrock

In related news, insider Alvaro Henao sold 4,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the transaction, the insider now directly owns 44,361 shares in the company, valued at $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 is available through this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the firm's 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 transaction, the insider now directly owns 111,458 shares of the company's stock, valued at $6,136,877.48. This represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Smurfit Westrock Price Performance

Shares of SW stock traded up $0.81 during trading hours on Friday, hitting $41.28. 2,310,293 shares of the company's stock were exchanged, compared to its average volume of 4,706,985. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 12-month low of $37.01 and a 12-month high of $56.99. The business's 50 day simple moving average is $44.11 and its 200-day simple moving average is $49.65. The company has a market capitalization of $21.55 billion, a PE ratio of 75.06 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock's quarterly revenue was up 161.3% compared to the same quarter last year. On average, equities research analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Company 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.