National Pension Service Grows Position in Smurfit Westrock PLC $SW

National Pension Service lifted its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 873,660 shares of the company’s stock after purchasing an additional 24,151 shares during the quarter. National Pension Service owned 0.17% of Smurfit Westrock worth $37,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System lifted its position in Smurfit Westrock by 1.2% during the third quarter. Arizona State Retirement System now owns 154,340 shares of the company’s stock valued at $6,570,000 after purchasing an additional 1,776 shares during the last quarter. AE Wealth Management LLC raised its position in shares of Smurfit Westrock by 6.9% during the 3rd quarter. AE Wealth Management LLC now owns 338,848 shares of the company’s stock valued at $14,425,000 after buying an additional 21,789 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Smurfit Westrock by 12.9% during the 3rd quarter. New York State Common Retirement Fund now owns 587,635 shares of the company’s stock worth $25,016,000 after acquiring an additional 67,269 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Smurfit Westrock by 113.3% in the third quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock worth $27,000 after acquiring an additional 340 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its stake in Smurfit Westrock by 61.5% in the third quarter. AustralianSuper Pty Ltd now owns 50,602 shares of the company’s stock valued at $2,154,000 after acquiring an additional 19,268 shares during the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Up 0.9%

Shares of NYSE SW opened at $42.03 on Tuesday. The firm’s fifty day moving average is $39.33 and its 200 day moving average is $41.28. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $55.54. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 0.72. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 29.39 and a beta of 1.09.

Analyst Upgrades and Downgrades

SW has been the topic of a number of research reports. Truist Financial lowered their price target on Smurfit Westrock from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Barclays decreased their price objective on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Argus cut their target price on Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Royal Bank Of Canada set a $51.00 price target on shares of Smurfit Westrock in a research report on Thursday, December 18th. Finally, Citigroup decreased their price target on shares of Smurfit Westrock from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.60.

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.