Fullcircle Wealth LLC Makes New $681,000 Investment in Smurfit Westrock Ltd (NYSE:SW)

Fullcircle Wealth LLC acquired a new stake in Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,462 shares of the company’s stock, valued at approximately $681,000.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new stake in Smurfit Westrock during the fourth quarter worth about $1,300,041,000. Boston Partners purchased a new stake in shares of Smurfit Westrock during the 4th quarter worth approximately $304,377,000. Victory Capital Management Inc. increased its stake in shares of Smurfit Westrock by 4,456.7% during the 4th 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 last quarter. JPMorgan Chase & Co. bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth approximately $221,026,000. Finally, FIL Ltd lifted its stake in Smurfit Westrock by 68.2% in the fourth quarter. FIL Ltd now owns 10,962,433 shares of the company’s stock valued at $590,853,000 after purchasing an additional 4,444,704 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Up 1.2 %

SW opened at $40.02 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99. The firm has a market capitalization of $20.89 billion, a P/E ratio of 72.76 and a beta of 1.00. The company has a fifty day moving average price of $43.11 and a 200-day moving average price of $49.54.

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 business had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The firm’s revenue was up 161.3% on a year-over-year basis. Equities research analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the sale, the insider now directly owns 44,361 shares of the company’s stock, valued at $2,391,057.90. This represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Analyst Ratings Changes

SW has been the topic of several research reports. Royal Bank of Canada lowered their target price on Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Morgan Stanley dropped their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Truist Financial reduced their target price on shares of Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their price target on shares of Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research note 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.