Smurfit Westrock Ltd (NYSE:SW) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 381,135 shares of the company's stock after selling 18,838 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Smurfit Westrock worth $20,550,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Alpha Omega Wealth Management LLC purchased a new position in Smurfit Westrock in the fourth quarter valued at about $5,252,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Smurfit Westrock by 29.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company's stock valued at $2,309,000 after purchasing an additional 9,581 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Smurfit Westrock by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 5,039,818 shares of the company's stock valued at $272,049,000 after buying an additional 500,699 shares during the last quarter. First Hawaiian Bank acquired a new stake in shares of Smurfit Westrock during the fourth quarter worth approximately $936,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Smurfit Westrock in the third quarter worth $221,026,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Smurfit Westrock Stock Performance

SW stock traded up $0.41 during midday trading on Wednesday, reaching $39.97. The company had a trading volume of 1,505,593 shares, compared to its average volume of 4,677,044. 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 stock has a 50 day moving average price of $43.35 and a 200 day moving average price of $49.60. The firm has a market capitalization of $20.86 billion, a PE ratio of 72.63 and a beta of 1.00. Smurfit Westrock Ltd has a fifty-two week low of $37.01 and a fifty-two week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its 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. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The company had revenue of $7.66 billion for the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock's revenue was up 161.3% compared to the same quarter last year. Analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the transaction, the insider now owns 44,361 shares of the company's stock, valued at approximately $2,391,057.90. This trade represents a 8.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 owns 111,458 shares in the company, valued at $6,136,877.48. This represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on SW shares. Wells Fargo & Company reduced their price objective on shares of 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. Truist Financial decreased their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley lowered their price objective on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Royal Bank of Canada reduced their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Two 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 a consensus rating of "Moderate Buy" and an average target price of $58.60.

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.