Mercer Global Advisors Inc. ADV Sells 53,558 Shares of Smurfit Westrock Ltd (NYSE:SW)

Mercer Global Advisors Inc. ADV cut its holdings in shares of Smurfit Westrock Ltd (NYSE:SW) by 79.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,054 shares of the company’s stock after selling 53,558 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Smurfit Westrock were worth $757,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SW. Retirement Wealth Solutions LLC acquired a new stake in Smurfit Westrock in the fourth quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB grew its position in Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after acquiring an additional 279 shares during the last quarter. Deseret Mutual Benefit Administrators acquired a new position in Smurfit Westrock in the 4th quarter worth about $30,000. Spire Wealth Management bought a new position in Smurfit Westrock in the fourth quarter valued at about $36,000. Finally, Principal Securities Inc. boosted its stake in shares of Smurfit Westrock by 49.1% during the fourth quarter. Principal Securities Inc. now owns 695 shares of the company’s stock valued at $37,000 after purchasing an additional 229 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $41.90 on Friday. The stock’s 50 day moving average price is $42.84 and its two-hundred day moving average price is $49.52. The stock 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 debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. Smurfit Westrock Ltd has a 52-week low of $37.01 and a 52-week 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 for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.41 billion. The business’s quarterly revenue was up 161.3% compared to the same quarter last year. On average, equities analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Insider Activity

In other news, insider Ken Bowles sold 24,225 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value 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 $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock 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 transaction, the insider now directly owns 44,361 shares in the company, valued at approximately $2,391,057.90. The trade was a 8.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SW. Morgan Stanley dropped their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Wells Fargo & Company reduced their price objective 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. Truist Financial lowered their target price on Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada reduced their price target on Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.