5,957 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. acquired a new position in Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,957 shares of the company’s stock, valued at approximately $321,000.

Several other hedge funds have also modified their holdings of SW. State Street Corp purchased a new stake in Smurfit Westrock in the 3rd quarter worth $967,582,000. Geode Capital Management LLC purchased a new stake in shares of Smurfit Westrock during the third quarter worth about $627,244,000. FMR LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth about $431,653,000. Mizuho Securities USA LLC purchased a new position in Smurfit Westrock in the 3rd quarter valued at about $386,712,000. Finally, Soros Fund Management LLC acquired a new stake in Smurfit Westrock in the 3rd quarter worth about $340,848,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Performance

Smurfit Westrock stock opened at $53.58 on Thursday. The stock has a market cap of $27.87 billion, a price-to-earnings ratio of 297.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $53.99 and a 200-day simple moving average of $49.16. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99.

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

Insider Buying and Selling

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the transaction, the insider now owns 149,911 shares of the company’s stock, valued at $8,221,119.24. This trade represents 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. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a research report on Friday, November 15th. Truist Financial assumed coverage on Smurfit Westrock in a report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price objective on the stock. Citigroup upped their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Argus assumed coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.70.

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.