Smurfit Westrock Ltd (NYSE:SW) Shares Bought by Stifel Financial Corp

Stifel Financial Corp lifted its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 12.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,129 shares of the company's stock after purchasing an additional 11,200 shares during the quarter. Stifel Financial Corp's holdings in Smurfit Westrock were worth $5,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. State of Tennessee Department of Treasury lifted its holdings in shares of Smurfit Westrock by 7.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 219,242 shares of the company's stock valued at $11,808,000 after acquiring an additional 14,613 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Smurfit Westrock by 17.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 36,717 shares of the company's stock valued at $1,978,000 after purchasing an additional 5,573 shares during the period. MYDA Advisors LLC bought a new position in Smurfit Westrock during the fourth quarter worth about $431,000. Mesirow Institutional Investment Management Inc. increased its stake in Smurfit Westrock by 22.4% in the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 70,774 shares of the company's stock valued at $3,812,000 after purchasing an additional 12,946 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in Smurfit Westrock by 1.9% during the 4th quarter. MetLife Investment Management LLC now owns 131,187 shares of the company's stock worth $7,066,000 after buying an additional 2,485 shares during the period. Institutional investors and hedge funds own 83.38% of the company's stock.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the company's 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 directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction 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 directly owns 44,361 shares of the company's stock, valued at approximately $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 owned by corporate insiders.

Smurfit Westrock Trading Down 3.8 %

NYSE:SW traded down $1.57 during trading hours on Monday, hitting $39.71. The company had a trading volume of 1,720,272 shares, compared to its average volume of 4,693,247. 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 52 week low of $37.01 and a 52 week high of $56.99. The company has a market capitalization of $20.73 billion, a PE ratio of 72.26 and a beta of 1.00. The stock has a 50-day moving average price of $43.87 and a 200 day moving average price of $49.70.

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 for the quarter, beating the consensus estimate 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 the consensus estimate of $7.41 billion. The business's revenue for the quarter was up 161.3% compared to the same quarter last year. On average, equities research analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SW has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. 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 report on Tuesday, April 22nd. Citigroup increased their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Morgan Stanley cut their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada decreased their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Smurfit Westrock has an average rating of "Moderate Buy" and an average price target of $58.60.

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.