Cary Street Partners Financial LLC Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

Cary Street Partners Financial LLC bought a new position in Smurfit Westrock Ltd (NYSE:SW) in the 4th quarter, Holdings Channel.com reports. The firm bought 2,177 shares of the company’s stock, valued at approximately $117,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alpha Omega Wealth Management LLC acquired a new stake in Smurfit Westrock in the fourth quarter valued at about $5,252,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Smurfit Westrock by 29.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company’s stock valued at $2,309,000 after buying an additional 9,581 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $221,026,000. US Bancorp DE boosted its stake in shares of Smurfit Westrock by 10.0% in the fourth quarter. US Bancorp DE now owns 17,602 shares of the company’s stock valued at $948,000 after buying an additional 1,601 shares in the last quarter. Finally, Wesbanco Bank Inc. acquired a new position in Smurfit Westrock during the fourth quarter worth $418,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.5%

Shares of NYSE SW opened at $41.90 on Monday. The firm’s 50-day moving average is $42.84 and its two-hundred day moving average is $49.55. The company has a market capitalization of $21.87 billion, a PE ratio of 76.18 and a beta of 1.00. Smurfit Westrock Ltd has a 12-month low of $37.01 and a 12-month high of $56.99. 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) last posted its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The business’s revenue was up 161.3% on a year-over-year basis. Equities analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Analyst Ratings Changes

SW has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada cut their price target on shares of Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Truist Financial decreased their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley dropped their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.60.

Insider Activity

In related news, insider Alvaro Henao sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the sale, the insider now owns 44,361 shares in the company, valued at approximately $2,391,057.90. This trade represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Irial Finan purchased 15,180 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the acquisition, the director now directly owns 54,893 shares in the company, valued at $2,152,354.53. The trade was a 38.22% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

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.