MassMutual Private Wealth & Trust FSB increased its position in shares of Smurfit Westrock Ltd (NYSE:SW – Free Report) by 117.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 516 shares of the company’s stock after buying an additional 279 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Smurfit Westrock were worth $28,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in Smurfit Westrock in the third quarter valued at approximately $25,000. Retirement Wealth Solutions LLC bought a new position in shares of Smurfit Westrock in the fourth quarter worth $25,000. CVA Family Office LLC purchased a new stake in shares of Smurfit Westrock in the third quarter worth $26,000. Versant Capital Management Inc bought a new stake in Smurfit Westrock during the fourth quarter valued at $27,000. Finally, ORG Wealth Partners LLC purchased a new position in Smurfit Westrock during the third quarter worth about $32,000. 83.38% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on SW shares. Argus assumed coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective on the stock. Truist Financial started coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They set a “buy” rating and a $62.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. Citigroup raised their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.70.
Smurfit Westrock Stock Up 1.4 %
Shares of NYSE:SW opened at $56.03 on Friday. The business has a 50 day simple moving average of $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. The company 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 twelve month low of $38.55 and a twelve month high of $56.99.
Smurfit Westrock (NYSE:SW – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.23). The business had revenue of $7.67 billion for 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 period in the previous year, the firm earned $0.81 EPS. Analysts expect that Smurfit Westrock Ltd will post 2.65 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is owned by company insiders.
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.
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