Irial Finan Purchases 15,180 Shares of Smurfit Westrock Ltd (NYSE:SW) Stock

Smurfit Westrock Ltd (NYSE:SW) Director Irial Finan acquired 15,180 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Smurfit Westrock Stock Performance

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

Smurfit Westrock (NYSE:SW) last posted its earnings results on Thursday, May 1st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. Smurfit Westrock’s revenue was up 161.3% compared to the same quarter last year. As a group, equities analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Smurfit Westrock

Large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Smurfit Westrock in the fourth quarter worth $1,300,041,000. Nuveen Asset Management LLC lifted its position in Smurfit Westrock by 51.6% during the 4th quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company’s stock worth $1,115,996,000 after acquiring an additional 7,050,781 shares during the last quarter. Boston Partners bought a new stake in Smurfit Westrock during the fourth quarter valued at about $304,377,000. Victory Capital Management Inc. increased its stake in shares of Smurfit Westrock by 4,456.7% in the fourth quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company’s stock worth $295,750,000 after purchasing an additional 5,370,587 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth about $221,026,000. Institutional investors own 83.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SW shares. Morgan Stanley lowered their price target on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company dropped their target price 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. Royal Bank of Canada decreased their price target on shares of Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Finally, Truist Financial dropped their price objective 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.60.

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.