West Paces Advisors Inc. Acquires Shares of 5,453 Smurfit Westrock Ltd (NYSE:SW)

West Paces Advisors Inc. bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, HoldingsChannel reports. The firm bought 5,453 shares of the company’s stock, valued at approximately $294,000.

Several other hedge funds have also modified their holdings of SW. Barclays PLC purchased a new stake in Smurfit Westrock during the third quarter worth about $171,026,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Smurfit Westrock during the 3rd quarter worth approximately $134,000. Tidal Investments LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter worth approximately $1,681,000. Synovus Financial Corp acquired a new stake in shares of Smurfit Westrock in the 3rd quarter worth approximately $858,000. Finally, Franklin Resources Inc. acquired a new position in Smurfit Westrock during the third quarter worth $198,258,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Trading Down 3.5 %

Shares of Smurfit Westrock stock opened at $40.54 on Friday. The firm has a market cap of $21.16 billion, a PE ratio of 73.71 and a beta of 1.00. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The business’s fifty day moving average is $44.11 and its two-hundred day moving average is $49.65.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. Analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

SW has been the topic of several research reports. Wells Fargo & Company lowered their target price on Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lowered their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada set a $57.00 target price on shares of Smurfit Westrock in a research report on Tuesday, April 22nd. Citigroup increased their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Truist Financial cut their price objective on Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average target price of $58.70.

Insider Activity at Smurfit Westrock

In other news, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction dated 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 $2,391,057.90. The trade was a 8.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ken Bowles sold 24,225 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the sale, the insider now directly owns 111,458 shares of the company’s stock, valued at approximately $6,136,877.48. This trade 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 insiders.

Smurfit Westrock 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.