Smurfit Westrock PLC $SW Shares Sold by 626 Financial LLC

626 Financial LLC lessened its holdings in 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. The firm owned 15,781 shares of the company’s stock after selling 460 shares during the quarter. 626 Financial LLC’s holdings in Smurfit Westrock were worth $681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SW. Robeco Institutional Asset Management B.V. increased its holdings in Smurfit Westrock by 1.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 121,793 shares of the company’s stock worth $5,488,000 after buying an additional 1,490 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Smurfit Westrock by 34.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,241 shares of the company’s stock worth $2,548,000 after buying an additional 14,754 shares during the period. Amalgamated Bank increased its holdings in Smurfit Westrock by 1.4% in the 1st quarter. Amalgamated Bank now owns 97,755 shares of the company’s stock worth $4,405,000 after buying an additional 1,349 shares during the period. New York State Teachers Retirement System increased its holdings in Smurfit Westrock by 9.9% in the 1st quarter. New York State Teachers Retirement System now owns 322,822 shares of the company’s stock worth $14,546,000 after buying an additional 29,183 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of Smurfit Westrock during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SW. Seaport Res Ptn raised shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a research note on Wednesday, October 8th. Morgan Stanley raised their price objective on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Wells Fargo & Company set a $52.00 price objective on shares of Smurfit Westrock and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Finally, Truist Financial raised their price objective on shares of Smurfit Westrock from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. One equities research 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 stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $57.90.

Smurfit Westrock Trading Down 0.9%

Shares of NYSE:SW opened at $43.03 on Wednesday. Smurfit Westrock PLC has a 1 year low of $37.01 and a 1 year high of $56.99. The firm has a market capitalization of $22.47 billion, a price-to-earnings ratio of 65.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95. The business’s 50 day moving average price is $43.77 and its 200-day moving average price is $43.91.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The business had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.88 billion. The company’s revenue for the quarter was up 167.4% on a year-over-year basis. On average, equities research analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

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.