DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Decreases Stake in Smurfit Westrock Ltd (NYSE:SW)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its holdings in shares of Smurfit Westrock Ltd (NYSE:SW) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 653,485 shares of the company’s stock after selling 52,935 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.13% of Smurfit Westrock worth $35,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of SW. Barclays PLC bought a new position in shares of Smurfit Westrock in the third quarter worth $171,026,000. Wilmington Savings Fund Society FSB purchased a new position in Smurfit Westrock during the 3rd quarter valued at about $134,000. Principal Financial Group Inc. bought a new stake in shares of Smurfit Westrock during the third quarter valued at about $29,716,000. JPMorgan Chase & Co. bought a new stake in shares of Smurfit Westrock during the third quarter valued at about $221,026,000. Finally, Park National Corp OH purchased a new stake in shares of Smurfit Westrock in the fourth quarter worth about $291,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Insider Activity at Smurfit Westrock

In other news, Director Irial Finan acquired 15,180 shares of the stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost of $39.21 per share, with a total value of $595,207.80. Following the completion of the purchase, the director now owns 54,893 shares in the company, valued at approximately $2,152,354.53. The trade was a 38.22 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the stock in a transaction dated 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 sale, the insider now owns 111,458 shares of the company’s stock, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Smurfit Westrock Price Performance

SW opened at $41.65 on Friday. 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 stock has a market capitalization of $21.74 billion, a P/E ratio of 75.72 and a beta of 1.00. The stock has a 50-day moving average price of $42.94 and a 200-day moving average price of $49.52. Smurfit Westrock Ltd has a 12-month low of $37.01 and a 12-month high of $56.99.

Smurfit Westrock (NYSE:SW) last announced 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. The company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The business’s revenue for the quarter was up 161.3% compared to the same quarter last year. Equities analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.