626 Financial LLC Sells 460 Shares of Smurfit Westrock PLC $SW

626 Financial LLC trimmed its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,781 shares of the company’s stock after selling 460 shares during the period. 626 Financial LLC’s holdings in Smurfit Westrock were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ethic Inc. lifted its position in shares of Smurfit Westrock by 0.6% during the second quarter. Ethic Inc. now owns 41,103 shares of the company’s stock valued at $1,770,000 after buying an additional 254 shares during the last quarter. Moody National Bank Trust Division lifted its position in shares of Smurfit Westrock by 1.7% during the second quarter. Moody National Bank Trust Division now owns 15,001 shares of the company’s stock valued at $647,000 after buying an additional 255 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of Smurfit Westrock by 1.9% during the second quarter. Legacy Wealth Asset Management LLC now owns 13,551 shares of the company’s stock valued at $585,000 after buying an additional 258 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Smurfit Westrock by 21.8% during the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $64,000 after buying an additional 267 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of Smurfit Westrock by 6.1% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,053 shares of the company’s stock valued at $226,000 after buying an additional 290 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Performance

SW opened at $43.03 on Wednesday. Smurfit Westrock PLC has a 52-week low of $37.01 and a 52-week high of $56.99. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. The company has a market cap of $22.47 billion, a P/E ratio of 65.19 and a beta of 1.09. The firm’s 50-day moving average price is $43.77 and its 200-day moving average price is $43.91.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.12). Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The company had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.88 billion. The business’s quarterly revenue was up 167.4% compared to the same quarter last year. As a group, equities analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on SW. Wells Fargo & Company set a $52.00 price target on shares of Smurfit Westrock and gave the company an “overweight” rating in a research report on Tuesday, October 7th. UBS Group began coverage on shares of Smurfit Westrock in a research report on Monday, September 15th. They set a “buy” rating and a $60.00 price target for the company. Morgan Stanley increased their price target on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Smurfit Westrock currently has an average rating of “Buy” and a consensus price target of $57.90.

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.