Northern Trust Corp Purchases 523,654 Shares of Smurfit Westrock Ltd (NYSE:SW)

Northern Trust Corp grew its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,535,347 shares of the company's stock after purchasing an additional 523,654 shares during the period. Northern Trust Corp owned about 0.87% of Smurfit Westrock worth $244,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement Association of Colorado raised its position in Smurfit Westrock by 89.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 53,413 shares of the company's stock worth $2,877,000 after purchasing an additional 25,231 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Smurfit Westrock in the fourth quarter worth $278,000. Adage Capital Partners GP L.L.C. boosted its holdings in Smurfit Westrock by 30.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 604,618 shares of the company's stock worth $32,565,000 after acquiring an additional 139,529 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Smurfit Westrock by 7.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 190,906 shares of the company's stock valued at $10,282,000 after purchasing an additional 13,947 shares during the period. Finally, MGO One Seven LLC acquired a new stake in shares of Smurfit Westrock in the 4th quarter worth about $332,000. Institutional investors own 83.38% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on SW shares. Truist Financial lowered their target price on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada reduced their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday. Morgan Stanley cut 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 note on Tuesday, March 11th. Citigroup boosted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company decreased their price target on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.60.

Insiders Place Their Bets

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the stock in a transaction on 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alvaro Henao sold 4,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was 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 owns 44,361 shares of the company's stock, valued at $2,391,057.90. The trade was a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Smurfit Westrock Stock Down 0.7 %

Shares of NYSE SW traded down $0.28 on Tuesday, reaching $39.35. 1,008,426 shares of the company's stock traded hands, compared to its average volume of 4,680,555. The business's 50 day simple moving average is $43.59 and its two-hundred day simple moving average is $49.67. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The company has a market cap of $20.54 billion, a price-to-earnings ratio of 71.74 and a beta of 1.00. Smurfit Westrock Ltd has a 12 month low of $37.01 and a 12 month high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) 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%. The firm's revenue was up 161.3% on a year-over-year basis. As a group, equities research analysts forecast 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.