SG Americas Securities LLC boosted its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 565.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,515 shares of the company's stock after acquiring an additional 96,451 shares during the period. SG Americas Securities LLC's holdings in Smurfit Westrock were worth $6,114,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC purchased a new position in shares of Smurfit Westrock in the 4th quarter valued at approximately $25,000. Mather Group LLC. bought a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $25,000. Versant Capital Management Inc purchased a new stake in shares of Smurfit Westrock in the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after acquiring an additional 279 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in Smurfit Westrock during the 3rd quarter valued at about $26,000. 83.38% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Smurfit Westrock
In other news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the sale, the insider now directly owns 149,911 shares of the company's stock, valued at $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.
Smurfit Westrock Stock Performance
Shares of NYSE SW traded up $0.76 during midday trading on Friday, hitting $56.03. 2,185,594 shares of the company's stock traded hands, compared to its average volume of 2,347,259. The company has a fifty day moving average price of $53.93. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The stock has a market capitalization of $29.14 billion, a PE ratio of 311.29 and a beta of 1.03.
Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.23). The business had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $8.04 billion. Smurfit Westrock had a positive return on equity of 5.98% and a negative net margin of 0.12%. During the same quarter in the previous year, the business posted $0.81 earnings per share. On average, equities analysts anticipate that Smurfit Westrock Ltd will post 2.65 earnings per share for the current year.
Analyst Upgrades and Downgrades
SW has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Royal Bank of Canada restated an "outperform" rating and set a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Truist Financial assumed coverage on shares of Smurfit Westrock in a research note on Tuesday. They issued a "buy" rating and a $62.00 target price on the stock. Argus assumed coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They set a "buy" rating and a $62.00 price target for the company. Finally, Citigroup upped their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.70.
View Our Latest Research Report on SW
Smurfit Westrock Company Profile
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Free Report)
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.
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