Wesbanco Bank Inc. purchased a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,764 shares of the company's stock, valued at approximately $418,000.
Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in Smurfit Westrock by 565.2% during the fourth quarter. SG Americas Securities LLC now owns 113,515 shares of the company's stock worth $6,114,000 after buying an additional 96,451 shares during the last quarter. First United Bank & Trust bought a new stake in shares of Smurfit Westrock during the 4th quarter worth about $52,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after acquiring an additional 279 shares during the last quarter. UMB Bank n.a. bought a new position in shares of Smurfit Westrock in the 4th quarter valued at approximately $58,000. Finally, Artemis Investment Management LLP acquired a new stake in Smurfit Westrock in the 4th quarter worth approximately $21,483,000. Institutional investors and hedge funds own 83.38% of the company's stock.
Smurfit Westrock Stock Performance
SW traded up $0.76 during midday trading on Friday, reaching $56.03. 2,185,594 shares of the company were exchanged, compared to its average volume of 2,347,259. The firm has a market cap of $29.14 billion, a PE ratio of 311.29 and a beta of 1.03. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99. The company's 50-day simple moving average is $53.93. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73.
Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.23). The firm had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $8.04 billion. Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. During the same quarter in the prior year, the company earned $0.81 EPS. On average, research analysts anticipate that Smurfit Westrock Ltd will post 2.65 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Saverio Mayer sold 25,000 shares of the firm's 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 transaction, the insider now owns 149,911 shares of the company's stock, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company's stock.
Wall Street Analyst Weigh In
SW has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Citigroup lifted their price target 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 increased their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Wells Fargo & Company cut their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating for the company in a research note on Monday, October 7th. Finally, Barclays raised their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Two equities research 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, the company presently has an average rating of "Moderate Buy" and an average target price of $60.70.
Check Out Our Latest Research Report on Smurfit Westrock
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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