Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 25.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 208,138 shares of the company's stock after selling 70,172 shares during the quarter. Voya Investment Management LLC's holdings in Smurfit Westrock were worth $11,210,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, insider Ken Bowles sold 24,225 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 111,458 shares of the company's stock, valued at $6,136,877.48. This trade represents a 17.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock 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 transaction, the insider now directly owns 44,361 shares of the company's stock, valued at approximately $2,391,057.90. This represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Performance

Shares of SW stock traded up $0.81 during mid-day trading on Friday, hitting $41.28. The stock had a trading volume of 2,310,293 shares, compared to its average volume of 4,706,988. Smurfit Westrock Ltd has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The company's 50-day simple moving average is $43.87 and its 200-day simple moving average is $49.70. The firm has a market cap of $21.55 billion, a PE ratio of 75.06 and a beta of 1.00. 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 (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 the consensus estimate of $0.65 by $0.08. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The business had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock's quarterly revenue was up 161.3% compared to the same quarter last year. Sell-side 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.