SG Americas Securities LLC Purchases 96,451 Shares of Smurfit Westrock Ltd (NYSE:SW)

SG Americas Securities LLC grew its position in Smurfit Westrock Ltd (NYSE:SW) by 565.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 113,515 shares of the company’s stock after buying an additional 96,451 shares during the quarter. SG Americas Securities LLC’s holdings in Smurfit Westrock were worth $6,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. AMF Tjanstepension AB bought a new stake in Smurfit Westrock during the 3rd quarter worth about $8,519,000. Czech National Bank bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $4,967,000. Park Avenue Securities LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $561,000. GAMMA Investing LLC bought a new position in Smurfit Westrock in the 3rd quarter worth approximately $249,000. Finally, Diversified Trust Co acquired a new position in Smurfit Westrock during the 3rd quarter worth $670,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by insiders.

Smurfit Westrock Stock Up 1.4 %

Shares of NYSE SW opened at $56.03 on Friday. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $56.99. The company has a market capitalization of $29.14 billion, a PE ratio of 311.29 and a beta of 1.03. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average price is $53.93.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.23). Smurfit Westrock had a positive return on equity of 5.98% and a negative net margin of 0.12%. The business had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, research analysts anticipate that Smurfit Westrock Ltd will post 2.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on SW shares. Argus initiated coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Morgan Stanley upped their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Wells Fargo & Company lowered their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, Barclays increased their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average price target of $60.70.

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.