Fairview Capital Investment Management LLC Makes New $215,000 Investment in Smurfit Westrock Ltd (NYSE:SW)

Fairview Capital Investment Management LLC bought a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,000 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC bought a new position in Smurfit Westrock in the 3rd quarter worth about $171,026,000. Principal Financial Group Inc. bought a new position in shares of Smurfit Westrock in the third quarter worth approximately $29,716,000. JPMorgan Chase & Co. purchased a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $221,026,000. Fulton Bank N.A. bought a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $372,000. Finally, First Hawaiian Bank purchased a new position in Smurfit Westrock in the 4th quarter worth approximately $936,000. 83.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the transaction, the insider now directly owns 44,361 shares in the company, valued at $2,391,057.90. This represents a 8.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $1,333,828.50. Following the completion of the sale, the insider now directly owns 111,458 shares of the company’s stock, valued at approximately $6,136,877.48. This trade represents a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Smurfit Westrock Stock Performance

Shares of NYSE SW opened at $41.90 on Friday. Smurfit Westrock Ltd has a 12-month low of $37.01 and a 12-month high of $56.99. The firm has a market capitalization of $21.87 billion, a price-to-earnings ratio of 76.18 and a beta of 1.00. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $42.84 and a 200 day moving average of $49.50.

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

Smurfit Westrock Company 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.