National Pension Service Acquires 24,151 Shares of Smurfit Westrock PLC $SW

National Pension Service grew its holdings in Smurfit Westrock PLC (NYSE:SW) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 873,660 shares of the company’s stock after buying an additional 24,151 shares during the quarter. National Pension Service’s holdings in Smurfit Westrock were worth $37,192,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SW. Vanguard Group Inc. lifted its stake in Smurfit Westrock by 1.6% in the second quarter. Vanguard Group Inc. now owns 80,421,330 shares of the company’s stock worth $3,472,329,000 after acquiring an additional 1,233,997 shares during the period. State Street Corp raised its holdings in Smurfit Westrock by 1.7% in the 2nd quarter. State Street Corp now owns 20,779,789 shares of the company’s stock worth $896,661,000 after purchasing an additional 339,787 shares in the last quarter. Orbis Allan Gray Ltd raised its holdings in Smurfit Westrock by 81.9% in the 2nd quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock worth $793,978,000 after purchasing an additional 8,286,205 shares in the last quarter. Norges Bank purchased a new stake in shares of Smurfit Westrock in the 2nd quarter worth about $749,735,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Smurfit Westrock by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,693,951 shares of the company’s stock valued at $370,101,000 after purchasing an additional 193,099 shares in the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays decreased their price target on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Morgan Stanley restated an “overweight” rating on shares of Smurfit Westrock in a research note on Thursday, January 8th. Royal Bank Of Canada set a $51.00 price target on Smurfit Westrock in a research note on Thursday, December 18th. Finally, Argus decreased their price objective on Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average price target of $51.60.

Smurfit Westrock Trading Up 0.9%

NYSE SW opened at $42.03 on Tuesday. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $55.54. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The stock’s fifty day moving average price is $39.33 and its 200-day moving average price is $41.28. The stock has a market cap of $21.94 billion, a P/E ratio of 29.39 and a beta of 1.09.

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.