Moore Capital Management LP Reduces Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Moore Capital Management LP lowered its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 335,389 shares of the company's stock after selling 55,402 shares during the quarter. Moore Capital Management LP owned about 0.06% of Smurfit Westrock worth $18,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Smurfit Westrock in the 4th quarter valued at approximately $1,300,041,000. Boston Partners acquired a new position in Smurfit Westrock in the fourth quarter valued at approximately $304,377,000. Victory Capital Management Inc. grew its position in Smurfit Westrock by 4,456.7% in the fourth quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company's stock worth $295,750,000 after acquiring an additional 5,370,587 shares during the period. JPMorgan Chase & Co. purchased a new position in Smurfit Westrock in the third quarter worth approximately $221,026,000. Finally, FIL Ltd increased its stake in Smurfit Westrock by 68.2% during the fourth quarter. FIL Ltd now owns 10,962,433 shares of the company's stock worth $590,853,000 after acquiring an additional 4,444,704 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on SW. Truist Financial decreased their price target 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. Wells Fargo & Company decreased their target price on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley dropped their price target 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. Royal Bank of Canada decreased their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, 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 report on Tuesday. Two investment 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $58.20.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan bought 15,180 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the acquisition, the director now directly owns 54,893 shares of the company's stock, valued at $2,152,354.53. This represents a 38.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ken Bowles sold 24,225 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the sale, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. This represents 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

Shares of NYSE SW remained flat at $46.61 during midday trading on Thursday. 4,180,897 shares of the stock traded hands, compared to its average volume of 4,676,363. 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 has a market capitalization of $24.33 billion, a price-to-earnings ratio of 84.75 and a beta of 1.00. The company's 50-day moving average price is $42.76 and its two-hundred day moving average price is $49.49. Smurfit Westrock Ltd has a twelve month low of $37.01 and a twelve month high of $56.99.

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, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The business's revenue for the quarter was up 161.3% on a year-over-year basis. Analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock 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.