Signaturefd LLC Buys Shares of 5,601 Smurfit Westrock Ltd (NYSE:SW)

Signaturefd LLC bought a new stake in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,601 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clarius Group LLC purchased a new position in shares of Smurfit Westrock in the 3rd quarter valued at approximately $218,000. Diversified Trust Co purchased a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $670,000. Czech National Bank purchased a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $4,967,000. ORG Wealth Partners LLC purchased a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $32,000. Finally, Jade Capital Advisors LLC purchased a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $3,212,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SW. Royal Bank of Canada restated a “sector perform” rating and issued a $52.00 price target on shares of Smurfit Westrock in a research note on Wednesday, July 31st. Jefferies Financial Group restated a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a research note on Monday, July 29th. Morgan Stanley started coverage on Smurfit Westrock in a research note on Friday, July 19th. They issued an “overweight” rating and a $60.00 price target on the stock. Citigroup started coverage on Smurfit Westrock in a research report on Wednesday. They set a “buy” rating and a $57.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.57.

Smurfit Westrock Stock Performance

NYSE SW opened at $45.84 on Friday. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $50.60. The firm has a market capitalization of $11.78 billion, a PE ratio of 38.52 and a beta of 1.05. The business has a fifty day moving average of $46.06.

Smurfit Westrock (NYSE:SW) last released its earnings results on Tuesday, July 30th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.06). The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $7.91 billion. Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. As a group, analysts forecast that Smurfit Westrock Ltd will post 2.6 EPS for the current fiscal year.

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.