Benjamin Edwards Inc. Lowers Stock Position in Smurfit Westrock Ltd (NYSE:SW)

Benjamin Edwards Inc. cut its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,891 shares of the company’s stock after selling 650 shares during the quarter. Benjamin Edwards Inc.’s holdings in Smurfit Westrock were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in SW. Vanguard Group Inc. grew its position in Smurfit Westrock by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 78,871,259 shares of the company’s stock worth $4,249,613,000 after acquiring an additional 820,362 shares in the last quarter. Norges Bank bought a new stake in Smurfit Westrock during the fourth quarter worth about $1,300,041,000. Capital Research Global Investors boosted its holdings in shares of Smurfit Westrock by 1.8% in the 4th quarter. Capital Research Global Investors now owns 18,439,852 shares of the company’s stock worth $993,170,000 after purchasing an additional 318,806 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Smurfit Westrock by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 14,328,052 shares of the company’s stock valued at $769,977,000 after purchasing an additional 1,594,939 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of Smurfit Westrock by 68.2% during the 4th quarter. FIL Ltd now owns 10,962,433 shares of the company’s stock valued at $590,853,000 after buying an additional 4,444,704 shares in the last quarter. Institutional investors own 83.38% of the company’s stock.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the transaction, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Irial Finan bought 15,180 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the acquisition, the director now owns 54,893 shares in the company, valued at approximately $2,152,354.53. This represents a 38.22 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

Smurfit Westrock Trading Up 0.5 %

SW opened at $41.90 on Friday. Smurfit Westrock Ltd has a one year low of $37.01 and a one year 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. The business has a 50 day simple moving average of $42.84 and a two-hundred day simple moving average of $49.52. The firm has a market capitalization of $21.87 billion, a price-to-earnings ratio of 76.18 and a beta of 1.00.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Thursday, May 1st. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The company’s quarterly revenue was up 161.3% on a year-over-year basis. Analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

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.